Cost of Living in Concord
The biggest cost-of-living factor in Concord, Massachusetts is housing. The median home is priced around $2.21M, or about $610 per square foot.
With 20% down on a median-priced home, the estimated monthly mortgage payment (principal and interest) is about $11,454, plus roughly $2,439 per month in property taxes. Rates and down payment change this figure significantly.
Concord's FY2025 residential property tax rate is $13.26 per $1,000 of assessed value. Combined with home prices, that gives a clear picture of the monthly cost of owning in Concord.