Electricity rates in Concord, North Carolina

Concord, NC ranks 4th of 35 North Carolina cities for renters paying 30% or more of income on rent (53.7%). Concord, North Carolina has 106,518 residents in 37,047 households; 50.8% heat with electricity.

Concord on the map

Cabarrus County, with Concord marked

Who lives in Concord: income, cars, homes

In Concord, NC, 6,442 of 12,004 renter households pay 30% or more of income in rent; 14,985 households moved in since 2018 and 3,966 before 2000, so electric accounts turn over quickly. Concord, NC homes: 28,655 have 3+ bedrooms, 4,048 none or one, median 5.6 rooms. 9,058 residents of Concord, NC live below the poverty line, and the median age is 36.2. In Concord, NC, 1,655 households own no vehicle and 23,402 own two or more; home EV charging depends on that. In Concord, NC, 6,649 of 37,047 households earn under $35,000, 9,780 $35,000-$75,000, 11,808 $75,000-$150,000 and 8,810 $150,000 or more. Of 53,579 workers in Concord, NC, 8,579 work from home, 38,828 drive alone, 353 ride transit and 422 walk.

Household income in Concord, NC

% of households by income, Concord, NC

Under $35,00017.9
$35,000 to $75,00026.4
$75,000 to $150,00031.9
$150,000 or more23.8

Concord, NC households against North Carolina cities with 30,000+ residents
Concord, NC	Value	Rank in North Carolina (1 = highest)
Concord, NC, households under $35,000	17.9%	24 of 35
Concord, NC, households $150,000 or more	23.8%	12 of 35
Concord, NC, residents below poverty	8.6%	25 of 35
Concord, NC, median age	36.2	22 of 35
Concord, NC, homes with 3+ bedrooms	67.4%	10 of 35
Concord, NC, households without a vehicle	4.5%	25 of 35
Concord, NC, households with 2+ vehicles	63.2%	12 of 35
Concord, NC, workers at home	16.0%	18 of 35
Concord, NC, cost-burdened renters	53.7%	4 of 35
Concord, NC, moved in since 2018	40.4%	21 of 35
Concord, NC, moved in before 2000	10.7%	24 of 35

Who supplies Concord

Cabarrus County lists 5 utilities for Concord, NC (106,518 residents): homes pay 11.54 to 13.94 cents per kWh, about $117 to $142 a month at 1,015 kWh, 1.7% to 2.0% of the $84,752 Concord median income. Cabarrus County page.

Facts about Concord

Residents of Concord, NC, ACS 2023: 106,51810 of 35 North Carolina cities with 30,000+
Median household income in Concord, NC: $84,75212 of 35 of those cities
Households in Concord, NC: 37,0472.88 people each
Owner-occupied homes in Concord, NC: 66.4%24,610 owners and 12,437 renter households
Housing units in Concord, NC: 42,4935,446 vacant or seasonal
Homes heated by electricity in Concord, NC: 50.8%18,816 of 37,047 homes
Land area of Concord, NC: 64.0 sq mi1,663.5 people per sq mi
Bill as share of income in Concord, NC: 1.7% to 2.0%at 1,015 kWh a month over the $84,752 median household income
Wind and tornado reports within 15 miles of Concord, NC: 154NWS point reports 2015 to 2025, 144.6 per 100,000 residents
Median year homes were built in Concord, NC: 199712,223 of 42,493 homes (28.8%) before 1980
Median home value and rent in Concord, NC: $327,600$1,365 gross rent a month, 5.00% of value a year

Electricity price since 2015 around Concord

Duke Energy Carolinas, LLC charged Concord homes 10.62 ¢/kWh in 2015. Concord: 13.94 ¢ in 2024, 31% up. Concord: against 25% up for the North Carolina average.

Concord: a 1,015 kWh month at that price. Concord: $108 in 2015, $142 in 2024. Concord: $1,698 a year, 2.0% of the $84,752 median income.

Concord: 10 yearly prices

Year	Duke Energy Carolinas, LLC, Concord	Concord: Gap to North Carolina average	Concord: Gap to U.S. average
2015, Concord	10.62	-0.66	-2.03
2016, Concord	10.42	-0.61	-2.13
2017, Concord	10.18	-0.76	-2.71
2018, Concord	10.14	-0.95	-2.73
2019, Concord	10.36	-1.06	-2.65
2020, Concord	10.37	-1.01	-2.78
2021, Concord	10.26	-1.06	-3.40
2022, Concord	10.44	-1.18	-4.60
2023, Concord	11.88	-1.05	-4.12
2024, Concord	13.94	-0.19	-2.54

Concord, NC: EIA-861 home prices, 2015 to 2024, not a Concord, NC price.

CSV

Outage risk around Concord

Concord, NC, NWS reports within 15 miles of the center, 2015 to 2025: 149 wind and 5 tornado, 144.6 per 100,000 residents of 106,518. Top gust near Concord, NC: 60 knots, 69 mph. Damage near Concord, NC: $1.7M.

Reports within 15 miles of Concord, NC

wind and tornado reports, Concord, NC

17'15
17'16
17'17
11'18
14'19
10'20
9'21
16'22
16'23
16'24
11'25

Storm reports near Concord, NC
Concord, NC	Wind	Tornado	Total
Concord, NC, 2015	17	0	17
Concord, NC, 2016	17	0	17
Concord, NC, 2017	17	0	17
Concord, NC, 2018	11	0	11
Concord, NC, 2019	13	1	14
Concord, NC, 2020	9	1	10
Concord, NC, 2021	9	0	9
Concord, NC, 2022	14	2	16
Concord, NC, 2023	15	1	16
Concord, NC, 2024	16	0	16
Concord, NC, 2025	11	0	11

Cost of living with electricity in Concord

Concord, NC: 37,047 households at $1,407 a year per home for electricity (Cabarrus County average, DOE LEAD) come to about $52.1 million, an estimate; all home energy is $1,943 a year per household.

Home energy cost, Concord, NC
Group in Concord, NC	Households	Power per home	Power bill of the group	Share of Concord, NC median income
Concord, NC, all households	37,047	$1,407	$52.1 million	1.66%
Concord, NC, homeowners	24,610	$1,531	$37.7 million	1.81%
Concord, NC, renters	12,437	$1,072	$13.3 million	1.26%

Housing and heating in Concord

Concord, NC: 12,223 of 42,493 homes were built before 1980 and 19,313 in 2000 or later. Concord, NC has 30,439 detached houses, 7,822 homes in 5+ unit buildings and 1,134 mobile homes.

Age of homes in Concord, NC

% of homes by decade built, Concord, NC

7pre-40
340s
650s
560s
870s
980s
1690s
2200s
2110s
220+

Heating fuel in Concord, NC

% of homes by main fuel, Concord

Electricity50.8
Utility gas47.1
Propane1.5

Concord, NC housing against its county and state cities
Concord, NC	Value	County	Gap	Rank (1 = highest)
Concord, NC, median year built	1997	1996	+1 years	12 of 35
Concord, NC, built before 1980	28.8%	31.4%	-2.6 points	22 of 35
Concord, NC, built 2000 or later	45.4%	44.3%	+1.2 points	12 of 35
Concord, NC, detached houses	71.6%	76.7%	-5.1 points	6 of 35
Concord, NC, apartments in 5+ unit buildings	18.4%	12.0%	+6.4 points	22 of 35
Concord, NC, mobile homes	2.7%	5.4%	-2.7 points	15 of 35
Concord, NC, renter households	33.6%	27.9%	+5.7 points	28 of 35
Concord, NC, median home value	$327,600	$318,600	+$9,000	17 of 35
Concord, NC, median gross rent a month	$1,365	$1,303	+$62	16 of 35
Concord, NC, people per household	2.84	2.85	-0.01	4 of 35

Climate and electric heating around Concord

Concord is in Cabarrus County, NC. Concord: degree days are county values.

Concord: 3,268 heating degree days a year. Concord: 1,578 cooling degree days a year.

Concord: degree days, electric heat
Concord	County value
Concord, heating degree days, 1991-2020 normal	3,268
Concord, heating degree days, 2016-2025 mean	3,028
Concord, cooling degree days, 1991-2020 normal	1,578
Concord, cooling degree days, 2016-2025 mean	1,647
Concord, homes heated with electricity, ACS 2019-2023	55.1%

Concord: NOAA nClimDiv 7 Oct 2026; ACS B25040.

Analyst note on Concord

Concord, NC counts 106,518 residents in 37,047 households, on 64.0 square miles. Household income in Concord, NC is $84,752; 24,610 of its 37,047 households own. 18,816 of the 37,047 occupied homes in Concord, NC heat with electricity.

Concord, NC has 42,493 housing units, 5,446 of them vacant or seasonal. A filing named like the city, City of Concord, is listed, so a local or municipal utility may serve at least part of Concord, NC. Concord, NC ranks 8th of 35 North Carolina cities for the lowest share of renters (34%).

Concord, NC ranks 11th of 35 North Carolina cities for the fewest households without a vehicle (4.5%). Concord, NC ranks 12th of 35 North Carolina cities for the newest homes (median year built 1997).

Bill and heat pump calculator, Concord

Compare Concord with nearby cities

Nearest North Carolina cities with 30,000+ residents to Concord, NC
City near Concord, NC	Distance from Concord	Residents	Median income	Median year built	Median home value	Storm reports within 15 miles	Work from home
Concord, NC (this page)	0 mi	106,518	$84,752	1997	$327,600	154	16.0%
Kannapolis, NC	6.1 mi north	56,470 (-50,048)	$70,691 (-$14,061)	1985 (-12 yr)	$245,500 (-$82,100)	164 (+10)	12.1% (-3.9 pts)
Huntersville, NC	13.2 mi west	62,458 (-44,060)	$119,951 (+$35,199)	2004 (+7 yr)	$439,300 (+$111,700)	169 (+15)	26.1% (+10.1 pts)
Cornelius, NC	14.9 mi west	32,009 (-74,509)	$114,688 (+$29,936)	2002 (+5 yr)	$512,400 (+$184,800)	138 (-16)	26.5% (+10.5 pts)
Charlotte, NC	16.8 mi southwest	886,283 (+779,765)	$78,438 (-$6,314)	1994 (-3 yr)	$351,500 (+$23,900)	167 (+13)	25.5% (+9.5 pts)
Mooresville, NC	17.1 mi northwest	51,447 (-55,071)	$88,592 (+$3,840)	2004 (+7 yr)	$348,500 (+$20,900)	145 (-9)	18.2% (+2.2 pts)

ZIP codes in Concord

ZIP area touching Concord, NC	Share of the ZIP's land inside Concord	Share of Concord's land in the ZIP
28027 (Concord, NC)	62.0%	67.4%
28025 (Concord, NC)	17.6%	30.0%

Census 2020 ZCTA to place land-area overlap. Look up any ZIP.

North Carolina: home prices since 2001, planned plants.

Questions on Concord

Concord: what is the electricity rate?

Concord, NC has no price of its own; its 106,518 residents are served by one of 5 utilities, and a 1,015 kWh month costs $117 to $142.

Concord: how does it rank among North Carolina cities?

Concord, NC: rank 10 of 35 by its 106,518 residents, rank 12 of 35 by $84,752 median income.

Concord: how many homes heat with electricity?

Concord, NC: 18,816 of 37,047 occupied homes, 50.8%; Cabarrus County 55.1%.

Concord: how much income goes to electricity?

At 1,015 kWh a month, 1.7% to 2.0% of the $84,752 median income in Concord, NC.

Concord: damaging storms reported nearby?

154 NWS wind and tornado reports within 15 miles of the center of Concord, NC, 2015 to 2025, 144.6 per 100,000 residents.

How old are the homes in Concord?

Concord, NC: median home built 1997; 12,223 of 42,493 homes (28.8%) predate 1980, 30,439 are detached and 7,822 sit in buildings of 5+ units.

How many Concord, NC renters struggle with rent?

6,442 of 12,004 renter households pay 30% or more of income in rent.

How big are the homes in Concord, NC?

28,655 of 42,493 homes have 3+ bedrooms; median 5.6 rooms.

How many residents of Concord, NC live below the poverty line?

9,058 residents.

Primary sources for Concord, NC

Census Bureau profile of Concord, NC, ACS data
EIA-861 utility data for Concord, NC, prices
DOE LEAD tool for Concord, NC, energy burden
NOAA storms and FEMA flood claims for Concord, NC