Living in Concord, Massachusetts
Cost of living, income, home prices, rent and demographics of Concord · Census data 2020–2024
Concord has 18,223 residents with a median age of 47.6. The median household income is $195,350 (88% higher than the Massachusetts median), the median home value is $1,210,000, the median rent is $2,631/month.
Concord at a glance
- Population
- 18,223
- Median age
- 47.6State: 40
- Median household income
- $195,350State: $103,960
- Median home value
- $1,210,000State: $562,100
- Median rent
- $2,631/moState: $1,762
- Homeowners
- 75.7%
- Bachelor's degree or higher
- 79.4%
- Average commute
- 32 min
Is Concord a good place to live?
Pros: Median household income 88% higher than the Massachusetts median; unemployment of 3.7%; a poverty rate of 3.7%.
Cons: Home values 115% higher than the state median; an average commute of 32 minutes.
The weather is best in June to September.
Cost of living in Concord
Housing is the biggest part of the cost of living. In Concord the median home value is $1,210,000, 264% higher than the U.S. median. Renters pay a median of $2,631 per month, which is 31.2% of household income. Homeowners with a mortgage pay $4,001 a month in housing costs.
Concord median household income
The median household income in Concord is $195,350 and the income per person is $101,200. 3.7% of residents live below the poverty line (Massachusetts: 10%).
Housing in Concord: homes for sale and rent
- Housing units
- 6,984
- Owner-occupied
- 75.7%
- Renter-occupied
- 24.3%
- Vacant
- 5.6%Includes seasonal homes
- Median year built
- 1969
- Average household size
- 2.58
Concord demographics
- Population
- 18,223
- Median age
- 47.6
- Under 18
- 23.6%
- 65 and older
- 23.7%
- Households
- 6,590
- Foreign-born
- 10.8%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Concord ›
Education in Concord
79.4% of adults 25 and older in Concord have a bachelor's degree or higher (Massachusetts: 47.3%), and 47.8% have a graduate or professional degree.
Jobs and commute in Concord
- Unemployment rate
- 3.7%State: 5.2%
- Average commute
- 32 minState: 29 min
- Work from home
- 36.1%
- Drive alone
- 51.8%
- Public transit
- 4.6%
- Walk to work
- 2.1%
- Homes with broadband
- 98.6%
Concord vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Concord | 18,223 | $195,350 | $1,210,000 | $2,631 |
| West Concord | 5,876 | $183,228 | $904,200 | $2,675 |
| Lincoln | 6,948 | $175,117 | $1,208,200 | $3,168 |
| Acton | 24,155 | $158,230 | $807,300 | $1,986 |
| Hanscom AFB | 2,110 | $104,688 | — | $3,408 |
| Bedford | 14,727 | $172,400 | $898,500 | $2,622 |
| Carlisle | 5,239 | $250,001 | $1,103,900 | $1,313 |
| Maynard | 10,712 | $124,067 | $527,400 | $1,800 |
| Sudbury | 19,306 | $236,250 | $988,900 | $1,445 |
More for people moving to Concord
Concord ZIP code ›Weather and climate ›Living in Concord: FAQ
What is the median household income in Concord, MA?
The median household income in Concord is $195,350, 88% higher than the Massachusetts median of $103,960 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Concord?
The median home value in Concord is $1,210,000, compared with $562,100 in Massachusetts.
How much is rent in Concord?
The median gross rent in Concord is $2,631 per month, about 31.2% of household income.
Is Concord, MA a good place to live?
Pluses: median household income 88% higher than the Massachusetts median; unemployment of 3.7%; a poverty rate of 3.7%. Minuses: home values 115% higher than the state median; an average commute of 32 minutes.
What is the median age in Concord?
The median age in Concord is 47.6 years (Massachusetts: 40).
How long is the commute in Concord?
The average commute to work in Concord is 32 minutes; 36.1% of workers work from home.
What is the unemployment rate in Concord?
The unemployment rate in Concord is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Concord?
79.4% of adults in Concord have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: