Housing costs in Commerce?
A typical home costs
$613,300, which is 81.4% more expensive than the national average of
$338,100 and 16.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Commerce costs
$1,820 per month, which is 27.3% more than the national average of
$1,430 and 18.1% cheaper than the state average of
$2,150.
Can I afford Commerce?
To live comfortably in Commerce, California, a minimum annual income of
$117,360 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Commerce?
The cost of living in Commerce, CA is relatively high compared to other areas of the state. The average home price is well above the national average, with the median listing price coming in at $462,500. Renting costs are also notably higher than the rest of the country, with an average rent of $2,000 for a two-bedroom apartment. Grocery prices, transportation costs and healthcare expenses are all slightly more expensive here than in other regions. However, residents can take advantage of many California tax benefits that make it more affordable to live in this area.