Cost of Living in Commerce, CA

With a cost of living index of 131, Commerce, CA is a notably expensive place to live. Living here is 31% more expensive than the national average and 13% below the California state average of 144. Commerce is a smaller community of 12,072 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Commerce's cost of living. The median monthly rent is $1,420 (8% above the US median of $1,319), and the median home value sits at $583,200 (91% above the national median of $304,900). At current prices, the median home costs roughly 8.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Commerce is $71,768, which is 4% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.