Torrance, CA Cost Of Living
Cost Of Living In Torrance, CA Summary
Cost of living in Torrance research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Torrance is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Torrance is 190, with 100 being the average.
The cost of living index in Torrance is 1.9x higher than the national average.
Torrance ranks as the #502 cheapest in California out of 634.
Torrance ranks as the #6,260 cheapest out of 6,489 in the US.
The median home value in Torrance is $1,155,338.
The median income in Torrance is $113,105.
Table Of Contents
Torrance's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Torrance, CA?
According to the most recent data on the cost of living, Torrance has an overall cost of living index of 190, which is 1.9x higher than the national index of 100.
Compared to California, Torrance has a cost of living index that's 1.3x higher than California's index of 141.
The standard of living in Torrance ranks as #502 most affordable out of the 634 places we measured in California. By definition, that implies Torrance ranks as the #132 most expensive place in the Golden State.
For more reading on life in Torrance, check out:
In California
In America
Torrance Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Torrance. Here is how it fairs on each of the criteria:
The Services index in Torrance is 118.
The Groceries index in Torrance is 111.
The Health index in Torrance is 109.
The Housing index in Torrance is 359.
The Transportation index in Torrance is 126.
The Utilities index in Torrance is 112.
| Living Expense | Torrance | California | National Average | |
|---|---|---|---|---|
| Overall | 190 | 141 | 100 | |
| Services | 118 | 110 | 100 | |
| Groceries | 111 | 112 | 100 | |
| Health | 109 | 110 | 100 | |
| Housing | 359 | 195 | 100 | |
| Transportation | 126 | 125 | 100 | |
| Utilities | 112 | 128 | 100 | |
Torrance, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Torrance is $1,155,338.
The Median Rent in Torrance is $2,214.
The Median Income in Torrance is $113,105.
The Home Value To Income in Torrance is 10.2x.
The Rent To Monthly Income in Torrance is 0.23x.
| Statistic | Torrance | California | United States |
|---|---|---|---|
| Median Home Value | $1,155,338 | $763,287 | $303,400 |
| Median Rent | $2,214 | $1,956 | $1,348 |
| Median Income | $113,105 | $96,334 | $78,538 |
| Home Value To Income | 10.2x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.23x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Torrance, CA Costs By Category
Detailed Torrance Services Costs Vs. California
| Item | Torrance | California |
|---|---|---|
| Shampoo | $1.41 | $1.28 |
| Movie | $13.46 | $12.13 |
| Bowling | $19.07 | $18 |
| Haircut | $24.67 | $24.26 |
| Beauty Salon | $49.33 | $45.56 |
Detailed Torrance Groceries Costs Vs. California
| Item | Torrance | California |
|---|---|---|
| Ground Beef | $6.26 | $5.84 |
| Fried Chicken | $2.08 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.94 | $4.93 |
| Pizza | $16.13 | $12.09 |
| Beer | $9.6 | $10.41 |
| Toothpaste | $3.76 | $3.7 |
Detailed Torrance Health Costs Vs. California
| Item | Torrance | California |
|---|---|---|
| Optometrist | $129.09 | $125.68 |
| Doctor | $119.86 | $135.78 |
| Dentist | $108.07 | $113.29 |
Detailed Torrance Transportation Costs Vs. California
| Item | Torrance | California |
|---|---|---|
| Gasoline | $4.47 | $3.46 |
| Tire Balancing | $58.33 | $59.92 |
Detailed Torrance Utilities Costs Vs. California
| Item | Torrance | California |
|---|---|---|
| All Electricity | $326.49 | $193.99 |
| Phone | $182.78 | $192.25 |
Torrance SnackAbility
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Cost Of Living In Cities Around Torrance
The cost of living varies in the cities and towns around Torrance. Here's a quick look at the cost of living in the most populous nearby places:
Lakewood, CA has a cost of living index of 164, 0.9x Torrance.
Redondo Beach, CA has a cost of living index of 212, 1.1x Torrance.
Gardena, CA has a cost of living index of 153, 0.8x Torrance.
| City | Population | Cost Of Living | Vs. Torrance |
|---|---|---|---|
| Lakewood, CA | 80,510 | 164 | 0.9x |
| Redondo Beach, CA | 69,814 | 212 | 1.1x |
| Gardena, CA | 59,765 | 153 | 0.8x |
| Cypress, CA | 49,531 | 172 | 0.9x |
| Cerritos, CA | 48,340 | 181 | 1.0x |
| La Mirada, CA | 46,945 | 163 | 0.9x |
| Manhattan Beach, CA | 34,584 | 334 | 1.8x |
| Lawndale, CA | 31,113 | 160 | 0.8x |
| West Whittier-Los Nietos, CA | 25,459 | 148 | 0.8x |
| West Carson, CA | 21,909 | 153 | 0.8x |
