Commerce, TX is a thriving city located in Hunt County. It is home to many businesses, including the local supermarket chain H-E-B Grocery Stores and the family-owned Commerce Village Shopping Center. The cost of living in Commerce is very affordable, with a two bedroom rent for $1,130 – significantly lower than the national average of $1,430. In addition, the Grocery Cost Index in Commerce is 93 versus 100 in the US, providing locals with great deals on food and supplies. With an abundance of job opportunities in industries such as healthcare and education due to its proximity to Texas A&M University-Commerce, Commerce residents are able to find a variety of employment options.
Commerce has an unemployment rate of 6.5%. The US average is 6.0%.
Commerce has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 46.7%, which is higher than the US average of 33.5%.
Tax Rates for Commerce
- The Sales Tax Rate for Commerce is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Commerce is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Commerce
- The average income of a Commerce resident is $12,981 a year. The US average is $28,555 a year.
- The Median household income of a Commerce resident is $37,684 a year. The US average is $69,021 a year.