118th most affordable of 199 in Metro Detroit
Cost of Living in Commerce, MI
A typical home in Commerce costs about $2,019 a month, 21.4% of the median household income of $113,148. That makes Commerce the 39th most affordable of 56 places in Oakland County and 118th of 199 across Metro Detroit.
- Median rent a month
- $2,005
- Median home value
- $365,700
- Owner cost with a mortgage
- $2,032
- Of income on housing
- 21.4%
Commerce against Oakland County and the metro
| Census median | Commerce | Oakland County | Metro Detroit |
|---|---|---|---|
| Median rent (monthly) | $2,005 | $1,376 | $1,207 |
| Median home value | $365,700 | $343,600 | $249,700 |
| Owner cost with a mortgage (monthly) | $2,032 | $1,998 | $1,720 |
| Median household income (yearly) | $113,148 | $97,760 | $76,664 |
| Share of income on housing | 21.4% | 20.7% | 22.9% |
Ranked 39th most affordable of 56 in Oakland County. See all 56.
Cost of living near Commerce
The towns around Commerce, each with its own page.
- Waterford Rent $1,111 · Home $250,900 109th most affordable in the metro
- Highland Township Rent $1,048 · Home $330,800 58th most affordable in the metro
- Novi Rent $1,747 · Home $421,900 151st most affordable in the metro
- West Bloomfield Rent $2,031 · Home $426,200 115th most affordable in the metro
- Wixom Rent $1,035 · Home $365,200 182nd most affordable in the metro
- Walled Lake Rent $1,419 · Home $224,200 172nd most affordable in the metro
- White Lake Rent $1,516 · Home $327,000 120th most affordable in the metro
- Wolverine Lake Rent $2,051 · Home $288,000 163rd most affordable in the metro
Living in Commerce
- Homes for sale in Commerce Listings and off-market deals
- Rentals in Commerce Houses and apartments for rent
- Commerce neighborhoods Every neighborhood on a map
- Commerce crime rate From Commerce's own police reports
- Commerce cost of living by neighborhood Every neighborhood ranked, updated monthly
- Most expensive neighborhoods in Commerce The last 12 months
- Least expensive neighborhoods in Commerce The last 12 months
- Cost of living in Oakland County Every town in the county, ranked
- Most affordable cities in Metro Detroit All six counties, ranked
- Commerce city guide Pros, homes and city services
Commerce cost of living questions
5 questions
Is Commerce, MI expensive to live in?
A typical home in Commerce takes 21.4% of the median household income, against 22.9% across Metro Detroit, which ranks it 118th most affordable of 199 places.
What is the average rent in Commerce?
The median gross rent is $2,005 a month, rent plus the utilities the renter pays, 66% above the metro.
How much does a house cost in Commerce?
Owners put the median home value at $365,700, 46% above the metro. With a mortgage, the median owner pays $2,032 a month for the mortgage, taxes, insurance and utilities.
What income do you need to live in Commerce?
Spending no more than 30% of income on housing, the usual rule, a typical Commerce home at $2,019 a month calls for about $81,000 a year. The median household here earns $113,148.
Where do these numbers come from?
The U.S. Census Bureau's American Community Survey 2020-2024 5-year estimates for Commerce. They are medians, half above and half below, and today's listings and rents can differ.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.