Commerce, TX Cost Of Living
Cost Of Living In Commerce, TX Summary
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 Texas, 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 90, with 100 being the average.
The cost of living index in Commerce is 0.9x lower than the national average.
Commerce ranks as the #209 cheapest in Texas out of 405.
Commerce ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Commerce is $94,800.
The median income in Commerce is $37,684.
Table Of Contents
Commerce's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Commerce, TX?
According to the most recent data on the cost of living, Commerce has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Texas, Commerce has a cost of living index that's 1.0x lower than Texas's index of 92.
The standard of living in Commerce ranks as #209 most affordable out of the 405 places we measured in Texas. By definition, that implies Commerce ranks as the #196 most expensive place in the Lone Star State.
For more reading on life in Commerce, check out:
- Living In Commerce
- Commerce Crime Report
- Search Homes For Sale In Commerce, TX
In Texas
In America
Commerce Cost Of Living Vs. Texas
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 113.
The Groceries index in Commerce is 94.
The Health index in Commerce is 78.
The Housing index in Commerce is 52.
The Transportation index in Commerce is 100.
The Utilities index in Commerce is 111.
| Living Expense | Commerce | Texas | National Average | |
|---|---|---|---|---|
| Overall | 90 | 92 | 100 | |
| Services | 113 | 96 | 100 | |
| Groceries | 94 | 93 | 100 | |
| Health | 78 | 93 | 100 | |
| Housing | 52 | 84 | 100 | |
| Transportation | 100 | 92 | 100 | |
| Utilities | 111 | 104 | 100 | |
Commerce, TX Housing Cost Breakdown
Housing swings affordability the most between places in Texas, 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 $94,800.
The Median Rent in Commerce is $873.
The Median Income in Commerce is $37,684.
The Home Value To Income in Commerce is 2.5x.
The Rent To Monthly Income in Commerce is 0.28x.
| Statistic | Commerce | Texas | United States |
|---|---|---|---|
| Median Home Value | $94,800 | $202,600 | $244,900 |
| Median Rent | $873 | $1,146 | $1,163 |
| Median Income | $37,684 | $67,321 | $69,021 |
| Home Value To Income | 2.5x | 3.0x | 3.5x |
| Rent To Monthly Income | 0.28x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Commerce, TX Costs By Category
Detailed Commerce Services Costs Vs. Texas
Detailed Commerce Groceries Costs Vs. Texas
Detailed Commerce Health Costs Vs. Texas
Detailed Commerce Transportation Costs Vs. Texas
Detailed Commerce Utilities Costs Vs. Texas
Commerce SnackAbility
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Cost Of Living In Cities Around Commerce
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:
Garland, TX has a cost of living index of 97, 1.1x Commerce.
McKinney, TX has a cost of living index of 112, 1.2x Commerce.
Allen, TX has a cost of living index of 110, 1.2x Commerce.
| City | Population | Cost Of Living | Vs. Commerce |
|---|---|---|---|
| Garland, TX | 245,075 | 97 | 1.1x |
| McKinney, TX | 189,394 | 112 | 1.2x |
| Allen, TX | 102,778 | 110 | 1.2x |
| Rowlett, TX | 62,606 | 105 | 1.2x |
| Rockwall, TX | 46,150 | 108 | 1.2x |
| Sherman, TX | 43,273 | 86 | 1.0x |
| Greenville, TX | 28,128 | 91 | 1.0x |
| Sachse, TX | 26,797 | 106 | 1.2x |
| Forney, TX | 22,770 | 103 | 1.1x |
| Murphy, TX | 20,655 | 127 | 1.4x |
