Living in Concord, Virginia
Cost of living, income, home prices, rent and demographics of Concord · Census data 2020–2024
Concord has 1,462 residents with a median age of 50.5. The median household income is $71,058 (24% lower than the Virginia median), the median home value is $227,600, the median rent is $771/month.
Concord is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Concord at a glance
- Population
- 1,462
- Median age
- 50.5State: 39
- Median household income
- $71,058State: $93,170
- Median home value
- $227,600State: $383,700
- Median rent
- $771/moState: $1,579
- Homeowners
- 75%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 24 min
Is Concord a good place to live?
Pros: Home values 41% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 24% lower than the Virginia median; a poverty rate of 13.3%.
The weather is best in May–June and August–September.
Cost of living in Concord
Housing is the biggest part of the cost of living. In Concord the median home value is $227,600, 32% lower than the U.S. median. Renters pay a median of $771 per month, which is 21.6% of household income. Homeowners with a mortgage pay $1,600 a month in housing costs.
Concord median household income
The median household income in Concord is $71,058 and the income per person is $34,715. 13.3% of residents live below the poverty line (Virginia: 9.9%).
Housing in Concord: homes for sale and rent
- Housing units
- 755
- Owner-occupied
- 75%
- Renter-occupied
- 25%
- Vacant
- 22.1%Includes seasonal homes
- Median year built
- 1984
- Average household size
- 2.49
Concord demographics
- Population
- 1,462
- Median age
- 50.5
- Under 18
- 20.7%
- 65 and older
- 17.6%
- Households
- 588
- Foreign-born
- 2.5%
- Veterans
- 21%Adults 18+
Hispanic or Latino can be of any race. Population history of Concord ›
Education in Concord
16.9% of adults 25 and older in Concord have a bachelor's degree or higher (Virginia: 42.2%), and 8.1% have a graduate or professional degree.
Jobs and commute in Concord
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 24 minState: 27 min
- Work from home
- 7.6%
- Drive alone
- 92.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 69.4%
Concord vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Concord | 1,462 | $71,058 | $227,600 | $771 |
| Rustburg | 1,417 | $72,950 | $263,900 | $910 |
| Appomattox | 2,084 | $51,875 | $162,300 | $905 |
| Madison Heights | 10,266 | $60,215 | $191,300 | $871 |
| Lynchburg | 79,497 | $57,947 | $229,800 | $1,073 |
| Timberlake | 12,725 | $75,657 | $235,900 | $1,083 |
| Forest | 13,430 | $81,552 | $319,800 | $1,315 |
| Amherst | 1,865 | $70,841 | $220,700 | $718 |
| Pamplin City | 275 | $68,750 | $124,200 | $831 |
More for people moving to Concord
Concord ZIP code ›Weather and climate ›Living in Concord: FAQ
What is the median household income in Concord, VA?
The median household income in Concord is $71,058, 24% lower than the Virginia median of $93,170 (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 $227,600, compared with $383,700 in Virginia.
How much is rent in Concord?
The median gross rent in Concord is $771 per month, about 21.6% of household income.
Is Concord, VA a good place to live?
Pluses: home values 41% lower than the state median; an average commute of 24 minutes. Minuses: median household income 24% lower than the Virginia median; a poverty rate of 13.3%.
What is the median age in Concord?
The median age in Concord is 50.5 years (Virginia: 39).
How long is the commute in Concord?
The average commute to work in Concord is 24 minutes; 7.6% of workers work from home.
What is the unemployment rate in Concord?
The unemployment rate in Concord is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Concord?
16.9% 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.
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