Housing costs in Commerce?
A typical home costs
$612,800, which is 81.2% more expensive than the national average of
$338,100 and 16.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Commerce costs
$1,870 per month, which is 13.0% cheaper than the national average of
$2,150 and 23.0% cheaper than the state average of
$2,300.
Can I afford Commerce?
To live comfortably in Commerce (zip 90040), California, a minimum annual income of
$117,360 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Commerce?
The cost of living in 90040 Commerce, CA is significantly higher than the state average. The median home value in this area is $450,100, which is more than double the state's median home value of $219,700. Additionally, the cost of goods and services is largely inflated due to its close proximity to Los Angeles, driving the overall cost of living index up by 39%. Other factors such as taxes and unemployment continue to make living in 90040 Commerce one of the most expensive zip codes in California.