Housing costs in Torrance?
A typical home costs
$1,242,200, which is 267.4% more expensive than the national average of
$338,100 and 69.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Torrance costs
$2,590 per month, which is 20.5% more than the national average of
$2,150 and 11.2% more than the state average of
$2,300.
Can I afford Torrance?
To live comfortably in Torrance (zip 90505), California, a minimum annual income of
$237,960 for a family, and
$81,600 for a single person is recommended.
What does A.I. say about Torrance?
The cost of living in 90505 Torrance, CA is relatively high compared to other parts of the country. According to BestPlaces’s Cost of Living Index, the cost of living in Torrance is 49% higher than the national average, which means that it can be quite expensive to live in this area. The most costly items include housing, groceries, and transportation. Housing prices are significantly higher than the national average due to the high demand for homes in this desirable city. Grocery costs are also on the higher side since many items have to be brought in from outside of California. Transportation costs can also be pricey due to rising gas prices and toll roads. Despite these costs, Torrance remains a popular destination for those looking for a great quality of life.