Quick facts: Commerce, GA

Quick Facts

90.4
Cost of Living
below US average
7,707
Population
21.41
Crime Rate per 1000
below US average
$58,763
Median Income
below US average
$370,000
Median House Price
above US average
$2085.26
Average Rent
above US average
15%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $58,763.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $370,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $58,763
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Income Needed to Rent

⚠ Stretch
$89k/year
Based on $2085.26/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $89k vs median $58,763
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Commerce, GA

Commerce, Georgia, is a small city located in both Jackson and Banks counties, known for its rich history and vibrant community. Situated approximately 70 miles northeast of Atlanta, Commerce attracts visitors with its charming downtown area and historical sites. Originally established as a trading post, the city has evolved into a hub for shopping, especially with the nearby Commerce Outlet Mall, which features numerous brand-name stores. The city is home to several parks, including the popular Sandy Creek Park, offering recreational opportunities such as fishing, hiking, and picnicking. Additionally, Commerce hosts various community events and festivals throughout the year, fostering a close-knit atmosphere among residents. The local education system is served by the Commerce City School District, which provides quality education options for families. With its mix of small-town charm and accessibility to larger urban centers, Commerce is an appealing destination for those seeking a quieter lifestyle while still enjoying the conveniences of nearby Georgia cities.

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