The Cost of Living in Concord: What to Expect
Concord, Massachusetts, is a picturesque town known for its rich history, top-rated schools, and strong sense of community. With its prime location, stunning homes, and excellent amenities, it’s no surprise that Concord is considered a desirable place to live. However, before moving to Concord, it’s important to understand the cost of living and what to expect in terms of housing, utilities, transportation, and daily expenses.
Housing Costs in Concord
One of the most significant factors influencing the cost of living in Concord is the housing market. The town is home to a mix of historic homes, modern new construction, and luxury properties.
The median home price in Concord is well above the state average, with many single-family homes priced at $1 million or more.
Renters can expect to pay $2,500 to $5,000 per month, depending on location, size, and amenities.
Property taxes in Concord are relatively high, but they contribute to excellent public services, including top-tier schools and town maintenance.
Utilities and Everyday Expenses
The cost of utilities and essential services in Concord is fairly in line with the Massachusetts average. Residents can expect:
Electricity and heating: Around $200-$300 per month, depending on home size and seasonal changes.
Water and sewer: Typically around $75-$150 per quarter.
Internet and cable: High-speed internet services range from $60-$150 per month.
Grocery shopping at Concord’s local markets and grocery stores can be slightly more expensive than in other areas, especially if you frequent organic and locally-sourced food stores.
Transportation Costs
Commuting in and out of Concord is convenient, but transportation costs can add up. Residents typically rely on:
Commuter Rail: The Fitchburg Line provides easy access to Boston, with a monthly commuter rail pass costing around $217.
Gas Prices: Similar to the Massachusetts average, currently around $3.50-$4.00 per gallon.
Car Insurance: Depending on coverage and provider, expect to pay $1,200-$2,500 per year.
Education and Childcare
Families with children benefit from excellent public schools, but private school tuition and childcare costs can be high:
Public Schools: Free for residents but supported by Concord’s property taxes.
Private Schools: Tuition ranges from $20,000 to $50,000 per year.
Daycare and Preschool: Expect to pay $1,500-$2,500 per month for full-time childcare services.
Dining and Entertainment
Concord offers a variety of dining and entertainment options, from casual cafes to fine dining.
Restaurants: A meal at a mid-range restaurant typically costs $20-$40 per person.
Entertainment: Local events, theater performances, and outdoor activities offer plenty of options for weekend fun.
Gym and Recreation: Memberships to fitness centers or specialty workout studios range from $50-$150 per month.
Is Living in Concord Worth the Cost?
While Concord’s cost of living is higher than the national average, residents find that the quality of life, excellent schools, safety, and community atmosphere make it well worth the investment. The town’s blend of historical charm and modern amenities attracts families, professionals, and retirees alike.
Thinking About Moving to Concord?
If you’re considering making Concord your home, The Tom and Joanne Team is here to help you navigate the real estate market. Contact us today at info@tomandjoanneteam.com to explore available homes and learn more about what makes Concord a fantastic place to live!
