States › Missouri › Concord

Is Concord, MO expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,34423% lower than U.S. average
💵 Families earn per year (2026)$96,027about $8,002/month · 10% higher than U.S. average
🔑 House price$303,6009% lower than U.S. average

Rent is lower than in 66% of U.S. cities. A typical house costs about 3.2 years of household income. Most homes (86%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $53,760 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

No. Rent here is more expensive than in most of Missouri. It is number 81 of 142 cities from cheapest to most expensive.

Concord
$1,344
Farmington
$973
Ferguson
$1,544
Manchester
$1,445
Creve Coeur
$1,861
Lake St. Louis
$1,909
Spanish Lake
$916

How much do households earn in Concord?

Under $25k
9.2%
$25k–50k
17.9%
$50k–100k
36.2%
$100k–150k
20.3%
$150k+
14.1%

Share of households by yearly income. 34.4% of households earn $100,000 or more.

Rent by apartment size in Concord

SizeConcordU.S. average
1 bedroom$1,121$1,324
2 bedrooms$1,310$1,509
3 bedrooms$1,982$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Concord overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Concord, so the Missouri figure is shown.

Taxes and bills in Concord

🏛️ Property tax$3,333a year · 1.10% of home value · U.S. $3,119
⚡ Electric bill$113a month (typical) · U.S. $156

Life in Concord

Commute to work24.1 minU.S.: 26.4 min
College degree42%U.S.: 35.7%
Own their home86%U.S.: 65.2%
Below poverty line3.9%U.S.: 12.5%
Unemployment2.9%U.S.: 5.2%

Is it cheaper to rent or buy in Concord?

Renting is cheaper right now: about $763 a month less.

Renting
$1,344
Owning
$2,107

Owning assumes a typical $303,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,360 for the down payment.

Frequently asked questions

What is the average rent in Concord, MO?

Renting in Concord costs a median of about $1,344 a month in 2026, including utilities. The Missouri median is $1,285.

How much do I need to make to live in Concord?

To keep rent under 30% of income, you need about $53,760 a year, or $26 an hour at a full-time job.

Is Concord cheap or expensive?

Concord is rated Cheap: rent takes 16.8% of the typical household income of $96,027. It ranks 81st cheapest of 142 Missouri cities we track.

How much are property taxes in Concord?

The median homeowner in Concord pays $3,333 a year in property taxes, about 1.10% of the median home value.

Is Concord more expensive than the national average?

Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Concord?

The median home value in Concord is $303,600, about 3.2 times the typical yearly household income.

18,368 people live in Concord. Numbers are typical (middle) values.