Concord, New Hampshire Income Statistics
Concord Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Concord Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Concord | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,785 | $99,079 | $80,455 |
| Median Personal Income | $62,672 | $68,664 | $60,758 |
| Average Yearly Income Growth | 5.1% | 4.7% | 4.8% |
| Six-Figure Earners | 13.5% | 16.8% | 13.9% |
| $200k+ Households | 10.9% | 16.8% | 13.2% |
The median household income in Concord is about 13% lower than in New Hampshire. Income has been growing faster in Concord (5.1%/yr) than in New Hampshire (4.7%/yr).
About 13% of adults in Concord earn six figures ($100,000 or more) a year, lower than the New Hampshire average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Concord, New Hampshire grew by 65.5% from 2009 to 2024, reaching $85,785 in 2024. That's an average of about 5.1% per year.
Income Inequality and the Gender Pay Gap in Concord
| Metric | Concord | New Hampshire Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.508 | 0.552 |
| Male Median Income | $70,337 | $81,033 | $69,667 |
| Female Median Income | $61,539 | $62,970 | $56,850 |
| Gender Pay Gap | 12.5% | 22.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Concord, it is 0.507, about the same as New Hampshire's 0.508, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 14% more than women's income in Concord, New Hampshire. Over a 35-year career, a 14% wage gap accumulates to roughly $307,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Concord, New Hampshire has narrowed from about 22% to 13% in 2024. Over that period the gap was widest at 23% in 2010. In dollar terms, the gap has narrowed by $1,901 since 2009.
Employment
| Metric | Concord | New Hampshire Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 3.3% | 5.2% |
| Working from Home | 14.1% | 16.8% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 967 people are unemployed in Concord, New Hampshire.
The average commute time in Concord is 18 minutes, shorter than the 22 minutes in New Hampshire.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Concord, New Hampshire has fallen from 6.7% to 4.1% in 2024. Over that period the rate peaked at 7.4% in 2013 and fell as low as 4.0% in 2019.
Conclusion
Considering all these factors, Concord, New Hampshire has an overall wealth index grade of B, making it somewhat worse than New Hampshire, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Concord, New Hampshire.
How Rich Is Concord, New Hampshire?
Concord has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $85,785, about 13% lower than the New Hampshire average of $99,079.
Are incomes growing in Concord, New Hampshire?
Between 2009 and 2024, the median household income in Concord, New Hampshire rose 65%, from $51,834 to $85,785. Over the same years, income here outpaced New Hampshire as a whole: +65% against +57%.
What was the median household income in Concord in 2023?
In 2023, the median household income in Concord, New Hampshire was $84,541, up 8% from $78,478 in 2022. The New Hampshire median that year was $96,073.
What was the median household income in Concord in 2020?
In 2020, the median household income in Concord, New Hampshire was $69,325. By 2024 it had risen 24% to $85,785.
What is the Gini coefficient in Concord, New Hampshire?
The Gini coefficient in Concord is 0.507. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Concord, New Hampshire?
Since 2009, the income gap between men and women in Concord, New Hampshire has narrowed from about 22% to 13% in 2024. Over that period the gap was widest at 23% in 2010. In dollar terms, the gap has narrowed by $1,901 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →