Commerce, OK
Population 2,259 · Oklahoma
About Commerce, OK
Commerce is a small town located in Oklahoma with a population of 2,259 residents according to the latest US Census Bureau American Community Survey data. The median household income is $35,298 per year, which is 53% below the national median of $75,149. The median age of 33.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Commerce features a median home value of $71,500, which is 71% below the national median of $244,900. This makes Commerce one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $681, 41% below the national average of $1,163/month. Of the 1,016 total housing units, 64% are owner-occupied (531 units) and 36% are renter-occupied (294 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Commerce shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 34.6%, above the national average of 12.4%. Workers in Commerce have an average one-way commute time of 14.4 minutes, one of the shorter commutes in the region.
Education & Demographics
8.9% of Commerce residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 23.2% White, 22.8% Hispanic or Latino, 0.1% Black or African American, and 2.3% Asian residents, with 8.5% of the population being foreign-born.
Cost of Living in Commerce, OK
Compared to national averages, Commerce has a median household income of $35,298 (53% below the national median of $75,149). Home values average $71,500, which is 71% below the national median. Monthly rent at $681 is 41% below the US average of $1,163. Within Oklahoma, Commerce's income is 37% below the state average of $56,382, and home values are 40% below the state median of $119,992.
Why Live in Commerce, OK?
Commerce offers affordable housing with a median home value of $71,500, below the US average of $244,900, and rent that’s lower than the national average at $681/month, and short commute times averaging just 14.4 minutes.
Potential considerations include median household income ($35,298) that falls below the national average. However, Commerce’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Commerce has a population of 2,259 with a median age of 33.1 years. Compare Commerce with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Commerce
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Pink | 2,214 | $71,139 | $128,700 | Compare |
| Spiro | 2,205 | $38,667 | $97,500 | Compare |
| Drumright | 2,315 | $43,869 | $85,000 | Compare |
| Antlers | 2,341 | $33,571 | $95,800 | Compare |
| Walters | 2,173 | $50,875 | $127,100 | Compare |
| Kiefer | 2,418 | $81,402 | $207,200 | Compare |
| Texanna | 2,446 | $54,342 | $191,800 | Compare |
| Krebs | 2,031 | $48,452 | $102,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Commerce With Other Cities
Frequently Asked Questions about Commerce
What is the population of Commerce, OK?
The population of Commerce, OK is 2,259 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Oklahoma.
What is the median household income in Commerce?
The median household income in Commerce, OK is $35,298 per year, which is 53% below the national median of $75,149.
What is the median home value in Commerce?
The median home value in Commerce, OK is $71,500, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Commerce?
The median monthly rent in Commerce, OK is $681, which is 41% below the national average of $1,163/month.
What is the unemployment rate in Commerce?
The unemployment rate in Commerce, OK is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Commerce, OK a good place to live?
Commerce offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,259 and a median age of 33.1, the city appeals to young professionals and families.
How educated is Commerce, OK?
8.9% of residents in Commerce aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Commerce?
Key cost-of-living indicators for Commerce, OK: median home value is $71,500 (71% below national), median rent is $681/month, and median household income is $35,298. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Commerce?
The poverty rate in Commerce, OK is 34.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Commerce, OK?
Commerce's population is 23.2% White, 22.8% Hispanic or Latino, 0.1% Black or African American, 2.3% Asian, and 0.9% two or more races. 8.5% of residents are foreign-born.