Torrance, CA Cost Of Living

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Updated: 2020-03-08
Torrance's Overall Cost Of Living
Higher Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Torrance is expensive, while a number below 100 means it's a relatively cheap place to live.

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 168 which is 1.7x higher than the national index of 100.

Compared to only California, Torrance has a cost of living index that's 1.2x higher than California's index of 140.

The standard of living in Torrance ranks as #6105 most affordable out of the 6522 places we measured in California. By definition, that implies Torrance ranks as the #301 most expensive place in the Golden State.

For more reading on life in Torrance, check out:

Torrance Cost Of Living Vs. California

Living Expense Torrance California National Average
Overall 168 140 100
Services 112 111 100
Groceries 116 118 100
Health 111 113 100
Housing 295 196 100
Transportation 126 128 100
Utilities 107 118 100
For more reading on cost of living around California, check out:
Torrance Cost of Living Vs. CA

Torrance, CA Housing Cost Breakdown

Housing swings affordability the most between places in California, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Torrance California United States
Median Home Value $724,700 $475,900 $204,900
Median Rent $1,672 $1,429 $1,023
Median Income $90,309 $71,228 $60,293
Home Value To Income 8.0x 6.7x 3.4x
Rent To Monthly Income 0.22x 0.24x 0.2x

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Cost Of Living In Cities Around Torrance

City Population Cost Of Living Vs. Torrance
Lakewood, CA 80,771 143 0.9x
Redondo Beach, CA 67,700 185 1.1x
Gardena, CA 59,924 133 0.8x
Cerritos, CA 50,172 169 1.0x
La Mirada, CA 48,974 144 0.9x
Cypress, CA 48,955 155 0.9x
Manhattan Beach, CA 35,573 276 1.6x
Lawndale, CA 33,007 138 0.8x
West Whittier-Los Nietos, CA 27,144 133 0.8x
West Carson, CA 22,537 138 0.8x

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