Housing costs in Torrance?
A typical home costs
$868,800, which is 157.0% more expensive than the national average of
$338,100 and 18.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Torrance costs
$2,240 per month, which is 4.2% more than the national average of
$2,150 and 2.7% cheaper than the state average of
$2,300.
Can I afford Torrance?
To live comfortably in Torrance (zip 90506), California, a minimum annual income of
$166,320 for a family, and
$70,400 for a single person is recommended.
What does A.I. say about Torrance?
The cost of living in 90506 Torrance, CA is relatively high compared to the national average. The median home value is estimated at $640,000 and rental costs are quite high with an average monthly rent of around $2,800. Groceries and other basic necessities cost more than in other parts of the state of California. Overall, it can be said that Torrance is an expensive place to live.