Welcome to Concord, North Carolina
A city that is as vibrant and diverse as it is welcoming. With its unique blend of cultural richness, economic dynamism, and friendly community spirit, Concord has something for everyone. Let’s take a closer look at key demographic, economic, and social characteristics that make this city a prime destination for potential residents or investors.
Average Salary in Concord
Its average salary is a central indicator of Concord’s robust economy. The earnings compete favorably with many other locations nationwide, with a figure standing at $72,000. This competitive wage, combined with a wide range of job opportunities in sectors as diverse as Healthcare, manufacturing, education, retail, logistics makes Concord an ideal location for professionals from various walks of life.
Median Home Value in Concord
The real estate landscape in Concord is as varied as it is promising. The median home value is $600,000, offering everything from cosy starter homes to luxurious residences. An impressive homeownership rate of 38.10% underlines Concord as a prime spot for long-term investment and stability.
For those who prefer the flexibility of renting, they’ll be in good company. 61.90% of the local populace choose to rent, drawn by a versatile rental market that offers options for everyone from recent graduates to retirees.
Credit Ratings and Loan Opportunities in Concord
The financial health of a city’s residents can be crucial in numerous aspects, including the capacity to secure loans. In North Carolina, the average credit score sits at 707. This rating is a key factor for financial institutions when offering loans, with higher scores often leading to more favorable loan conditions.
However, a low credit score is not a roadblock in Concord. Numerous lenders in the city are specialists in offering guidance and loan solutions to individuals across the credit score spectrum, ensuring everyone has the opportunity to realize their financial goals.
Demographics and Density in Concord
Concord has a population of around 107,697 inhabitants. These residents are comfortably spread across 63.5 sq mi (or 164.5 km2), ensuring a comfortable balance of urban life without the pressures of overpopulation. The city’s population density stands at 1,657 individuals per square mile, offering a sense of community while still allowing for personal space.
Economic Landscape in Concord
Concord enjoys a thriving economy with Healthcare, manufacturing, education, retail, logistics being the major contributors. The proximity of the nearest airport (Charlotte Douglas International Airport (CLT)), amplifies the city’s attractiveness for businesses seeking to expand or set up shop, offering excellent connectivity with both national and international markets. The city’s average credit score of 707 reflects a financially responsible and economically active populace.
Educational Opportunities in Concord
Concord holds education in high esteem. The city boasts top-ranking schools, such as Cabarrus County Schools, Concord Kannapolis Independent School District, Rowan-Cabarrus Community College, Central Cabarrus High School, Cox Mill High School, providing excellent educational opportunities from the foundational levels. For higher education, prestigious institutions like Texas A&M University-Corpus Christi, Del Mar College and Texas A&M University-Kingsville, produce a well-educated, competent workforce contributing to Concord’s vibrant economy and societal fabric.
City’s Alias: Concord
Affectionately known as ‘Where Racing Lives or C-Town‘, Concord, positioned at 35.39°N 80.64°W, is celebrated for its energetic culture, committed efforts to preserve its rich history, and the superior lifestyle it provides its residents. Whether you’re a potential resident, investor, or visitor, Concord promises a rewarding and enriching experience.
Recreation and Lifestyle in Concord
Experience the exciting pace of life in Concord, where many recreational activities await. Whether you’re an art enthusiast, a sports fanatic, or a nature lover, Concord caters to all. Popular attractions include Charlotte Motor Speedway, SEA LIFE Charlotte-Concord and Frank Liske Park, providing a rich mixture of educational and entertainment experiences.
The city’s commitment to promoting a balanced lifestyle is further showcased by its array of parks and open spaces, ideal for relaxation or active pursuits. Not to forget Concord’s vibrant events calendar, filled with cultural festivals, sporting events, and community gatherings that highlight the city’s spirit of camaraderie.