Cost Of Living in Commerce, TX

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Commerce	Texas	National
Cost of living	95	92	100
Goods & Services	121	96	100
Groceries	97	96	100
Health care	110	94	100
Housing	57	83	100
Transportation	94	92	100
Utilities	115	104	100

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Cost Of Living Quick Facts

The cost of living in Commerce is 2% higher than the Texas average
The cost of living in Commerce is 5% lower than the national average
Commerce housing is 43% lower than the national average
Texas general sales tax is 22% higher than the national average
Texas state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$66,414	$5,535	$1,550	$1,993
Renters	$21,994	$1,833	$513	$660

The affordability of the housing market in Commerce, TX as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Commerce homeowners, the median income is $66,414. This indicates that a monthly maximum of $1,550 should be spent by homeowners on all housing related costs. Renters have a median income of $21,994. This indicates that renters would have a maximum of $513 for their rent related monthly costs.

Texas Sales Tax

State	General Sales Tax	With Max Surtax
Texas	6.25%	8.25%

Texas Income Tax

State	Income Tax (Low)	Income Tax (High)
Texas	0%	0%

Goods & Services

Item	Commerce	National avg.	Difference
Haircut	$23.57	$24.26	2.8%
Beauty Salon	$35.11	$45.56	22.9%
Toothpaste	$3.51	$3.70	5.1%
Shampoo	$1.22	$1.28	4.7%
Movie	$11.85	$12.13	2.3%
Bowling	$16.96	$18.00	5.8%

Groceries

Item	Commerce	National avg.	Difference
Ground Beef	$5.44	$5.84	6.9%
Fried Chicken	$1.32	$1.57	16.1%
Milk	$4.63	$4.67	0.9%
Potatoes	$4.15	$4.93	16.0%
Pizza	$11.96	$12.09	1.0%
Beer	$10.27	$10.41	1.4%

Health Care

Item	Commerce	National avg.	Difference
Optometrist	$96.63	$125.68	23.1%
Doctor	$131.00	$135.78	3.5%
Dentist	$86.73	$113.29	23.4%
Ibuprofen	$10.40	$10.65	2.4%
Lipitor	$484.49	$468.60	3.4%

Housing

Item	Commerce	National avg.	Difference
Home Price	$80,400.00	$184,700.00	56.5%
Avg. Mortgage Payment	$1,562.33	$2,346.69	33.4%
Apartment Rent	$831.00	$949.00	12.4%

Transportation

Item	Commerce	National avg.	Difference
Gasoline	$3.47	$3.46	0.3%
Tire Balancing	$66.47	$59.92	10.9%

Utilities

Item	Commerce	National avg.	Difference
All Electricity	$145.64	$193.99	24.9%
Phone	$208.71	$192.25	8.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Cooper, TX	1,981	90	10.1%
Cumby, TX	816	92	7.7%
Campbell, TX	932	94	6.2%
Wolfe City, TX	1,138	94	5.9%
Ladonia, TX	752	94	5.8%
Commerce, TX	9,473	95	5.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Evergreen, CO	9,475	145	44.6%
Penetanguishene, ON	9,475	n/a
Hickam Housing, HI	9,463	193	93.3%
Beverly Hills, FL	9,484	84	15.7%
Coral Hills, MD	9,457	118	18.2%
Commerce, TX	9,473	95	5.3%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Commerce, TX