C
24%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
73%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Commerce City Colorado National
Cost of living124111100
Goods & Services106104100
Groceries105101100
Health care99100100
Housing173134100
Transportation104105100
Utilities8591100

An Overview of Cost of Living in Commerce City, CO

The cost of living in Commerce City affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Commerce City is 124, which is 24% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Commerce City is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Commerce City falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in Commerce City, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 73.2% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Commerce City Affordable?

Is Commerce City affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Commerce City, for instance, where the median home price falls 84.1% higher than the national average, and monthly rent rates are 47.5% higher than usual. Additionally, median income levels contribute to the equation, with Commerce City flaunting a median household income of $82,939, 49.9% higher than the national norm.

What Factors can Influence the Cost of Living in Commerce City?

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Commerce City, the transportation index is 4.2% higher than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Commerce City, the housing index is 73.2% higher than the national average.

Where is the Data From?

The cost of living data in Commerce City displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Commerce City Area
Search Homes for Sale in Commerce City, CO

Cost Of Living Quick Facts

  • The cost of living in Commerce City is 11% higher than the Colorado average
  • The cost of living in Commerce City is 24% higher than the national average
  • Commerce City housing is 73% higher than the national average
  • Colorado general sales tax is 43% lower than the national average
  • Colorado state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Commerce City

See all the best places to live around Commerce City

Compare Commerce City, CO Cost of Living

      vs
      How would you rate the cost of living in Commerce City?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Commerce City?
      Write a review to give others more information about this area.
      See all Commerce City poll results

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$99,614$8,301$2,324$2,989
      Renters$50,516$4,210$1,179$1,516
      To approximate the cost of living and the housing affordability in Commerce City, CO, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Commerce City have a median income of $99,614. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,324 per month to avoid calamity and poverty. The renters in the city have an income of about $50,516, which would make their monthly maximum allowable rental costs $1,179.

      Colorado Sales Tax

      State General Sales Tax With Max Surtax
      Colorado 2.9% 10%

      Colorado Income Tax

      State Income Tax (Low) Income Tax (High)
      Colorado 4.4% 4.4%

      Goods & Services

      Item Commerce City National avg. Difference
      Haircut $26.81$24.2610.5%
      Beauty Salon $50.45$45.5610.7%
      Toothpaste $3.70$3.700.1%
      Shampoo $1.27$1.281.1%
      Movie $14.70$12.1321.1%
      Bowling $21.40$18.0018.9%

      Groceries

      Item Commerce City National avg. Difference
      Ground Beef $5.23$5.8410.4%
      Fried Chicken $1.40$1.5711.2%
      Milk $4.74$4.671.4%
      Potatoes $4.30$4.9312.9%
      Pizza $12.87$12.096.5%
      Beer $10.67$10.412.5%

      Health Care

      Item Commerce City National avg. Difference
      Optometrist $121.38$125.683.4%
      Doctor $116.64$135.7814.1%
      Dentist $126.27$113.2911.5%
      Ibuprofen $10.88$10.652.1%
      Lipitor $447.94$468.604.4%

      Housing

      Item Commerce City National avg. Difference
      Home Price $340,100.00$184,700.0084.1%
      Avg. Mortgage Payment $3,151.90$2,346.6934.3%
      Apartment Rent $1,400.00$949.0047.5%

      Transportation

      Item Commerce City National avg. Difference
      Gasoline $3.67$3.465.9%
      Tire Balancing $60.05$59.920.2%

      Utilities

      Item Commerce City National avg. Difference
      All Electricity $145.02$193.9925.2%
      Phone $194.36$192.251.1%
      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 Population Cost of Living Index National Avg.
      Glendale CDP, CO781022.3%
      Lakeside, CO68514.8%
      Federal Heights, CO13,537919.4%
      North Washington, CO663954.5%
      Derby, CO9,1561065.9%
      Commerce City, CO55,89112423.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Diamond Bar, CA55,87017675.8%
      New Brunswick, NJ55,99212020.3%
      Pocatello, ID56,016919.5%
      Tamiami, FL55,75712525.2%
      Kendale Lakes, FL55,73212020.2%
      Commerce City, CO55,89112423.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.