Cost of living in Commerce research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Commerce is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Georgia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Commerce is 83, with 100 being the average.
The cost of living index in Commerce is 0.8x lower than the national average.
Commerce ranks as the #14 cheapest in Georgia out of 154.
Commerce ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Commerce is $180,500.
The median income in Commerce is $60,009.
According to the most recent data on the cost of living, Commerce has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Georgia, Commerce has a cost of living index that's 0.9x lower than Georgia's index of 89.
The standard of living in Commerce ranks as #14 most affordable out of the 154 places we measured in Georgia. By definition, that implies Commerce ranks as the #140 most expensive place in the Peach State.
For more reading on life in Commerce, check out:
Six factors go into calculating the cost of living index in Commerce. Here is how it fairs on each of the criteria:
The Services index in Commerce is 96.
The Groceries index in Commerce is 101.
The Health index in Commerce is 93.
The Housing index in Commerce is 60.
The Transportation index in Commerce is 90.
The Utilities index in Commerce is 94.
Living Expense | Commerce | Georgia | National Average | |
---|---|---|---|---|
Overall | 83 | 89 | 100 | |
Services | 96 | 95 | 100 | |
Groceries | 101 | 96 | 100 | |
Health | 93 | 98 | 100 | |
Housing | 60 | 76 | 100 | |
Transportation | 90 | 90 | 100 | |
Utilities | 94 | 86 | 100 |
Housing swings affordability the most between places in Georgia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Commerce is $180,500.
The Median Rent in Commerce is $1,019.
The Median Income in Commerce is $60,009.
The Home Value To Income in Commerce is 3.0x.
The Rent To Monthly Income in Commerce is 0.2x.
Statistic | Commerce | Georgia | United States |
---|---|---|---|
Median Home Value | $180,500 | $206,700 | $244,900 |
Median Rent | $1,019 | $1,110 | $1,163 |
Median Income | $60,009 | $65,030 | $69,021 |
Home Value To Income | 3.0x | 3.2x | 3.5x |
Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Commerce. Here's a quick look at the cost of living in the most populous nearby places:
Denver, CO has a cost of living index of 116, 1.4x Commerce.
Aurora, CO has a cost of living index of 108, 1.3x Commerce.
Thornton, CO has a cost of living index of 106, 1.3x Commerce.
City | Population | Cost Of Living | Vs. Commerce |
---|---|---|---|
Denver, CO | 706,799 | 116 | 1.4x |
Aurora, CO | 383,496 | 108 | 1.3x |
Thornton, CO | 140,538 | 106 | 1.3x |
Brighton, CO | 39,895 | 103 | 1.2x |
Northglenn, CO | 37,899 | 103 | 1.2x |
Englewood, CO | 33,500 | 111 | 1.3x |
Wheat Ridge, CO | 32,340 | 110 | 1.3x |
Sherrelwood, CO | 20,069 | 98 | 1.2x |
Welby, CO | 16,260 | 97 | 1.2x |
Federal Heights, CO | 14,111 | 80 | 1.0x |