Housing costs in Torrance?
A typical home costs
$171,100, which is 49.4% less expensive than the national average of
$338,100 and 35.9% less expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Torrance costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 10.5% more than the state average of
$1,020.
Can I afford Torrance?
To live comfortably in Torrance New Mex County, New Mexico, a minimum annual income of
$32,760 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Torrance?
The cost of living in Torrance, NM County is significantly lower than the US average. According to my research, the median house value in the county is $171100, which is much lower than the US average of $338100. Furthermore, the cost of living index for the county is 78.5, which is almost 22 points less than the US average. These figures indicate that Torrance offers a great deal in terms of affordability compared to other areas across the country.