Median rent is 16% lower in Concord ($1,451/mo vs $1,729/mo). Buying is cheaper in Concord, where the median home runs $353,700 versus $555,300. Households earn more in Austin ($93,658 vs $86,921 a year). Taken together, Concord is the more affordable choice with a cost index of 97.3 against 98.3 — about 1% lower overall prices. After adjusting income for local prices, a typical paycheck stretches further in Austin, TX.
Cost of living verdict
Concord is 1% cheaper overall
Cost of Living Index: 97.3 in Concord vs 98.3 in Austin (US national average = 100)
City A
Austin, TX
City B
Concord, NC
How much would you need to earn in Concord, NC to maintain your standard of living from Austin, TX?
Equivalent salary in Concord, NC
$74,273
You could earn $727 less (1% lower) and break even.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Austin
Texas
Concord
North Carolina
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Median rent is modestly lower in Concord at $1,451/mo compared to $1,729/mo in Austin (16% gap). Home buyers face a steeper market in Austin: the median home is $555,300 versus $353,700 in Concord — 36% more expensive.
Metric
Austin
Concord
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Austin
Income tax: N/A
Sales tax: N/A
Concord
Income tax: N/A
Sales tax: N/A
Air quality data is available for Austin (avg AQI 65.0) but not yet for Concord.
Pick Austin if you prioritize higher median household income ($93,658/yr).
Pick Concord if you prioritize cheaper rent ($1,451/mo median).
Concord is cheaper overall, with a cost of living index of 97.3 versus 98.3 (US average = 100). That means prices run about 1% lower in Concord.
Median rent is $1,729/mo in Austin, TX and $1,451/mo in Concord, NC. Concord, NC has the lower rent by about 16%.
Median household income is $93,658 in Austin, TX and $86,921 in Concord, NC. Austin, TX has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
To maintain the same purchasing power, a salary of $100,000 in Austin, TX is equivalent to roughly $99,030 in Concord, NC (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
