Commerce cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCommerceTexasNational
Cost of living index9291100
IndexCommerceTexasNational
Goods & Services index10297100
Groceries index10190100
Health care index10296100
Housing index5281100
Transportation index14795100
Utilities index10294100
The above illustration supplies generalized information for the Commerce, TX cost of living index. Compared to other cities in Texas and cities across the country, the cost of living index in Commerce, TX is 92, which is 1% higher than the Texas average and 8% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Commerce, TX are 5% higher than the average for Texas and 2% higher than the rest of the country.

Did you know?

  • The cost of living in Commerce is 1% higher than the Texas average.
  • The cost of living in Commerce is 8% lower than the national average.
  • The cost of housing in Commerce is 48% lower than the national average.
  • Texas general sales tax is 23% higher than the national average.
  • Texas state income tax is 100% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Commerce, TX to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Commerce, TX, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Commerce, TX salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$50,813$4,234$1,186$1,525
Renters$11,567$964$270$347
The affordability of the housing market in Commerce, TX as well as the overall cost of living can be indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Commerce, TX homeowners, the median income is $50,813. This indicates that a monthly maximum of $1,186 should be spent by homeowners on all housing related costs. Renters have a median income of $11,567. This indicates that renters should have a maximum of $270 used for their rent related monthly costs.

Texas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Texas6.25%8.25%

Texas Income Tax

StateIncome Tax (Low)Income Tax (High)
Texas0%0%
When assessing the complete cost of living in Commerce, TX, the Texas income tax and the Texas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Texas maximum surtax is 8.25%, and the Texas sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Texas.

Goods & Services

ItemCommerceNational avg.Difference
Haircut $16.49$14.5913.0%
Beauty Salon $35.45$34.682.2%
Toothpaste $2.34$2.475.4%
Shampoo $0.91$1.0211.0%
Movie $10.50$9.876.4%
Bowling $5.23$4.3919.1%

Groceries

ItemCommerceNational avg.Difference
Ground Beef $5.54$4.4823.8%
Fried Chicken $2.14$1.4646.2%
Milk $2.21$2.366.2%
Potatoes $2.84$3.067.2%
Pizza $9.99$9.248.1%
Beer $8.87$8.632.7%

Health Care

ItemCommerceNational avg.Difference
Optometrist $101.68$99.781.9%
Doctor $111.77$105.036.4%
Dentist $95.00$88.707.1%
Ibuprofen $8.98$9.414.6%
Lipitor $268.86$298.509.9%

Housing

ItemCommerceNational avg.Difference
Home Price $71,700.00$175,700.0059.2%
Avg. Mortgage Payment $886.79$1,081.0318.0%
Apartment Rent $719.00$920.0021.8%

Transportation

ItemCommerceNational avg.Difference
Gasoline $3.36$2.0960.5%
Tire Balancing $50.12$45.2910.7%

Utilities

ItemCommerceNational avg.Difference
All Electricity$187.58$170.809.8%
Phone $25.95$28.268.2%
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, StatePopulationCost of Living IndexNational Avg.
Pecan Gap, TX21172-28%
Ladonia, TX65974-26%
Cooper, TX2,07675-25%
Cumby, TX72589-11%
Neylandville, TX13990-10%
Commerce, TX8,34892-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Boulder Hill, IL8,349100-0%
Farmville, VA8,35093-7%
Dumbarton, VA8,34695-5%
Purcellville, VA8,35013131%
Ripley, TN8,35087-13%
Commerce, TX8,34892-8%
Source: The Commerce, TX cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.