Commerce, CO

Very High · 132

Colorado · Population 64,640 · Updated March 2026

$1,626
Median Rent / Month
$106,756
Median Income
$463,200
Median Home Value
$1,977
Owner Costs / Month

Affordability

How far your income goes in Commerce

18.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Colorado

State-level tax rates that affect your costs

4.4%
Income Tax (Top Rate)
2.9%
Sales Tax
0.51%
Property Tax Rate

Estimated Annual Costs

$19,512
Annual Rent
$4,697
State Income Tax
$2,362
Property Tax (est.)

Cost of Living Overview

Commerce has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 132 (where 100 equals the national median), Commerce residents can expect to pay median rent of $1,626/month while earning a median household income of $106,756/year.

The median home value in Commerce, CO is $463,200, with typical monthly owner costs around $1,977 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Colorado has a moderate income tax rate of 4.4%. Combined with a 2.9% sales tax rate and 0.51% effective property tax rate, the overall tax environment is a factor in the total cost of living in Commerce.

Frequently Asked Questions

Common questions about living costs in Commerce

What is the cost of living in Commerce, CO?
The cost of living index in Commerce, CO is 132 (US average = 100). Median monthly rent is $1,626, median household income is $106,756/year, and the median home value is $463,200.
Is Commerce, CO affordable?
No, Commerce is more expensive than the national average with a cost index of 132. The rent-to-income ratio is 18.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Commerce, CO?
The median gross rent in Commerce, CO is $1,626 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,512.
What is the median household income in Commerce?
The median household income in Commerce, CO is $106,756 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Colorado?
Colorado has a top income tax rate of 4.4%, a sales tax of 2.9%, and an effective property tax rate of 0.51%.