Commerce is a somewhat small city located in the state of Texas. With a population of 9,800 people and three associated neighborhoods, Commerce is the 264th largest community in Texas.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.73% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Commerce is a small town where college students really create the town feel and character. So many small towns have lost population over the last 20-30 years that having the local college presence in the Commerce area, with all of the energy of the students filling area dorms and apartments each fall, really helps Commerce maintain a good economy.
The education level of Commerce citizens is substantially higher than the typical US community, as 30.04% of adults in Commerce have at least a bachelor's degree.
The per capita income in Commerce in 2022 was $22,169, which is low income relative to Texas and the nation. This equates to an annual income of $88,676 for a family of four. However, Commerce contains both very wealthy and poor people as well.
Commerce is an extremely ethnically-diverse city. The people who call Commerce home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Commerce residents report their race to be White, followed by Black or African-American. Commerce also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 21.60% of the city’s residents. Important ancestries of people in Commerce include German, English, Irish, Ghanian, and European.
The most common language spoken in Commerce is English. Other important languages spoken here include Spanish and Other Asian languages.