Last updated: 2024 BLS data · Page refreshed:
Commerce has a population of 8,013 with a median age of 32.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 8,013 |
| Median Age | 32.6 |
| White | 68.0% |
| Black or African American | 19.1% |
| Asian | 0.9% |
| Hispanic or Latino | 16.0% |
The median household income in Commerce is $60,961, which is 24.4% below the national median of $80,610. The per capita income is $24,793. The poverty rate is 8.3%.
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In Commerce, 83.7% of residents age 25+ have a high school diploma or higher, and 16.2% hold a bachelor's degree or higher (4.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 83.7% |
| Bachelor's Degree or Higher | 16.2% |
| Graduate or Professional Degree | 4.7% |
The median home value in Commerce is $239,900, below the national median of $303,400. The median monthly rent is $1,183. The homeownership rate is 63.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $239,900 |
| Median Monthly Rent | $1,183 |
| Homeownership Rate | 63.8% |
| Vacancy Rate | 3.0% |
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