Housing costs in Torrance?
A typical home costs
$1,091,600, which is 222.9% more expensive than the national average of
$338,100 and 48.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Torrance costs
$2,650 per month, which is 23.3% more than the national average of
$2,150 and 13.2% more than the state average of
$2,300.
Can I afford Torrance?
To live comfortably in Torrance (zip 90503), California, a minimum annual income of
$209,160 for a family, and
$83,600 for a single person is recommended.
What does A.I. say about Torrance?
The cost of living in 90503 Torrance, CA is relatively high compared to the national average. According to BestPlaces, the city has an overall cost of living index of 128.59, which is 28.59% higher than the United States' average. The biggest contributor to this higher cost of living is housing prices, as the median price for a one-bedroom apartment in Torrance is $1,769 per month, compared to the national average of $1,307. Additionally, groceries and other goods and services are also more expensive than in other parts of the country. Despite these higher costs, many people find that Torrance's quality of life and excellent public schools make up for any financial strain that comes with living here.