Cost of Living in Concord, MO

Population 18,028 · Missouri · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Concord is a smaller Missouri community of around 18000 residents, where median household incomes of $84,389 and housing costs ($279,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Concord sits roughly 10 miles southwest of St. Louis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 51% higher than St. Louis' $185,000.

Cost Overview

Housing 92

Rent 89

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Concord

The median home value in Concord is $279,400 — 8% below the national median of $305,000. Median rent runs $1,166/month, 11% lower than the national median of $1,314/month. The median household income of $84,389/year is 13% higher than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Concord has a cost of living index of 90 versus the US average of 100, meaning it is 10% less expensive.

🏠 Housing

Median Home Value

$279,400

8% below avg

Zillow Home Value

$325,388

Zillow ZHVI

Median Rent

$1,166/mo

11% below avg

Price-to-Rent Ratio

20.0x

Favors buying

Property Tax Rate

1.0%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$623

1 BR

$668

2 BR

$826

3 BR

$1,142

4 BR

$1,311

Owner-occupied 84.7%

Renter-occupied 15.3%

💰 Estimated Monthly Budget

Rent median rent

$1,166

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,780/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

26.8 min

1% below avg

Gas Price

$3.145/gal

0% below avg

Work From Home

14.1%

Commute Mode

Drove alone

80.1%

Carpooled

4.7%

Public transit

0.1%

Walked

0.6%

Work from home

14.1%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax 5.0%

Total Sales Tax 8.4%

State rate 4.2%

Avg local rate 4.1%

Property Tax 1.0%

💼 Income & Employment

Median Household Income

$84,389

13% above avg

Per Capita Income

$43,749

Unemployment Rate

3.0%

37% below avg

Poverty Rate

4.3%

Labor Force Participation

63.4%

🎓 Education

Bachelor's degree+ 26.6%

Graduate degree 15.4%

👥 Demographics

Median Age 43.5

Male median age 42.8

Female median age 44.7

Frequently Asked Questions

What is the cost of living in Concord, MO?

Concord has a cost index of 90 (100 = national average). It is 10% below the national average.

What is average rent in Concord, MO?

The median gross rent in Concord is $1,166 per month based on 2023 Census data.

What is the average home price in Concord?

The median home value in Concord is $279,400 according to Zillow and Census data.

What is the median income in Concord?

The median household income in Concord is $84,389 per year (2023 ACS 5-year estimates).

What is the sales tax in Concord, MO?

The combined state and local sales tax rate in Concord is 8.4%. The Missouri state income tax top rate is 5.0%.

Is Concord, MO affordable?

Concord is near the national average in terms of cost of living, with an index of 90 (100 = US average).

Concord at a Glance

Population: 18,028
Median Income: $84,389
Home Value: $279,400
Median Rent: $1,166/mo
Unemployment: 3.0%
Sales Tax: 8.4%

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