Salary Needed to Live in Concord as a Single
A single adult living independently needs approximately $21,774/year to live comfortably in Concord, NH — including 10% savings.
Comfortable Salary
$21,774
with 10% savings
Bare Minimum
$18,750
no savings buffer
Monthly Expenses
$1,125
2% above national avg
Detailed Monthly Budget for a Single in Concord
| Expense | Concord | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 Studio/1BR Rent | $121 | $113 | +7% |
| 🛒 Groceries | $20 | $17 | +18% |
| ⚡ Utilities | $11 | $14 | -21% |
| 🚗 Transportation | $28 | $26 | +8% |
| 🛡️ Car Insurance | $199 | $229 | -13% |
| 🏥 Health Insurance | $62 | $58 | +7% |
| Internet | $69 | $65 | +6% |
| Phone | $90 | $85 | +6% |
| Dining & Social | $318 | $300 | +6% |
| Entertainment | $127 | $120 | +6% |
| Personal Care | $80 | $75 | +7% |
| Total Monthly | $1,125 | $1,102 | +2% |
How We Calculated the Salary
Monthly expenses:$1,125
Target savings (10%):$145/mo
Monthly after-tax needed:$1,270
Effective tax rate:28%
Gross annual salary needed:$21,774
Other Household Types in Concord
Related Pages
FAQ
What salary does a single person need in Concord?
A single person needs approximately $21,774/year ($1,815/month gross) to live comfortably in Concord with a 10% savings rate.
How much is rent for a single person in Concord?
A studio/1br in Concord costs approximately $121/month, which is the largest single expense at 11% of the total budget.
Is Concord affordable for a single person?
Concord is roughly average for single person costs, requiring a salary close to the national median.