Concord, NC Profile: Facts & Data

The City of Concord is the 10th largest city in North Carolina with a population of 115,063 as of July 1, 2024. Concord ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Concord is located at latitude 35.4088 and longitude -80.5795 in Cabarrus County. The formal boundaries for the City of Concord encompass a land area of 60.9 sq. miles and a water area of 0.04 sq. miles. Cabarrus County is in the Eastern time zone (GMT -5).

The City of Concord has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Concord, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	115,063 (100%)
Population in Households	113,733 (98.8%)
Population in Families	95,984 (83.4%)
Population in Group Quarters¹	1,330 ( 1.2%)
Population Density	1,797
Diversity Index²	75


INCOME
Median Household Income	$82,271
Average Household Income	$114,760
% of Income for Mortgage⁴	27%
Per Capita Income	$41,837
Wealth Index⁵	100
Socioeconomic Status Index⁶	Moderate (51.1)

HOUSING
Total HU (Housing Units)	44,387 (100%)
Owner Occupied HU	26,885 (60.6%)
Renter Occupied HU	15,043 (33.9%)
Vacant Housing Units	2,459 ( 5.5%)
Median Home Value	$356,224
Average Home Value	$391,584
Housing Affordability Index³	92

HOUSEHOLDS
Total Households	41,928
Average Household Size	2.71
Family Households	29,402
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Concord, NC - Peer Comparisons by Rank and Percentile

The table below compares Concord to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	2.11%	1.63%
Households	1.94%	1.55%
Families		1.52%
Median Household Income		2.92%
Per Capita Income		2.78%
Owner Occupied HU		1.70%

Variable Description	Rank	Percentile
Total Population	# 10	99th
Population Density	# 58	93rd
Median Household Income	# 145	81st
Housing Affordability Index	# 300	39th
Per Capita Income	# 183	77th
Diversity Index	# 71	91st

Concord, NC Profile: Facts & Data

Concord, North Carolina - Basic Facts

Concord, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Concord, NC - Peer Comparisons by Rank and Percentile

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Cabarrus County