Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.3 yrs |
|---|---|
| Avg HH Size | 2.74 |
| Below Poverty | 5.3% ▼ 47% below avg |
| College Grads | 61.3% ▲ 58% above avg |
| Unemployment | 3.2% ▼ 35% below avg |
| No HS Diploma | 90 (0.6%) |
| HS Graduate | 2,490 (15.6%) |
| Some College | 1,364 (8.5%) |
| Associates | 2,238 (14%) |
| Bachelors | 1,914 (12%) |
| Graduate Degree | 7,892 (49.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $132,602 ▲ 74% above avg |
|---|---|
| Median Home Value | $404,700 ▲ 45% above avg |
| Home/Income Ratio | 3.1x (nat avg ~3.5x) |
| Median Rent | $1,685/mo |
| Total Housing Units | 8,857 |
| Vacant Units | 307 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Commerce Township is a city in Michigan, located in Oakland County. The city spans 1 ZIP code and is home to approximately 23,550 residents. It is a middle-aged city, with a median age of 43.3 years.
Economically, Commerce Township is a upper-middle-income community. The median household income of $132,602 is significantly above the national average. Approximately 5.3% of residents live below the poverty line. The unemployment rate is 3.2%, below the national average.
The real estate market in Commerce Township is a premium housing market. Median home values stand at $404,700, which is above the national average. Renters typically pay around $1,685 per month. Homeownership is high at 92.3%, typical of suburban and family-oriented communities.
The population of Commerce Township is highly educated. 61.3% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (86.47%).
Commerce Township, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48382 | 23,550 | $132,602 | $404,700 | $1,685 | 3.2% | 61.3% | 92.3% |