Quick facts: Commerce city, CO

Quick Facts

114.3
Cost of Living
above US average
66,115
Population
32.19
Crime Rate per 1000
above US average
$96,484
Median Income
above US average
$519,995
Median House Price
above US average
$2671.49
Average Rent
above US average
12%
Poverty Rate
above US average
4.7%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $96,484.

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Income Needed to Buy

βœ— Stretch
$163k/year
Based on $519,995 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $163k vs median $96,484
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Income Needed to Rent

⚠ Stretch
$114k/year
Based on $2671.49/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $114k vs median $96,484
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Commerce city, CO

Commerce City is a vibrant city located in Adams County, Colorado, just northeast of downtown Denver. Known for its diverse community and rapid growth, it offers a mix of residential, commercial, and industrial development. The city is characterized by its spacious parks, recreational facilities, and various outdoor activities, including the scenic Rocky Mountain Arsenal National Wildlife Refuge, which provides a wildlife sanctuary and trails for nature enthusiasts. Commerce City is well-connected, with major highways and public transportation options facilitating easy access to Denver and surrounding areas. The city hosts numerous events and festivals throughout the year, reflecting its cultural diversity and community spirit. Developments in Commerce City focus on sustainability and improving the quality of life for residents. With a strong commitment to education, local schools serve the community well, while the local economy benefits from both established businesses and emerging industries. Overall, Commerce City is a dynamic place to live, work, and explore, offering a unique blend of urban convenience and outdoor adventure.

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