Torrance, California 

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United States / California / Los Angeles-Long Beach-Anaheim Metro Area / Los Angeles County / Torrance / Zip Codes

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Economy in Torrance, California

Torrance has an unemployment rate of 8.2%. The US average is 6.0%.

Torrance has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.

Tax Rates for Torrance
- The Sales Tax Rate for Torrance is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Torrance is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Torrance
- The average income of a Torrance resident is $36,876 a year. The US average is $28,555 a year.
- The Median household income of a Torrance resident is $78,286 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYTorrance, CaliforniaUnited States
  8.2%6.0%
  -12.2%-6.2%
  33.8%33.5%
  9.5%6.2%
  8.0%4.6%
  $41,512$31,177
  $85,070$57,652
  $102,637$70,850
  POPULATION BY OCCUPATION
  0.1%1.3%
  0.1%0.6%
  2.9%6.2%
  14.4%10.4%
  3.6%2.7%
  10.4%11.6%
  5.0%4.1%
  0.8%0.9%
  3.7%2.1%
  4.9%4.7%
  2.6%1.9%
  10.1%6.7%
  0.1%0.1%
  3.6%4.3%
  8.4%9.3%
  11.8%13.8%
  2.2%2.2%
  6.7%7.4%
  5.3%4.9%
  3.2%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Torrance    15 Reviews
    Great place to raise a family, really hard for you - 8/27/2021
    I'll admit it, I'm biased. So, I can't say what's a lot or a little without outside sources for the most part. I was born and raised in Torrance. I've lived here for 20+... Read More
    Samantha | Torrance, CA | Reply | 1 Reply
       

    Start Your Review of Torrance

    Great neighborhood in the South Bay of SoCal - 9/1/2020
    I have lived in Torrance for 19 years. I was fortunate enough to move here before housing prices skyrocketed in the early 2000's. I live in the middle of Torrance and as... Read More
    Richard | Torrance, CA | Reply | 3 Replies
       
    Warm - 11/22/2015
    Due to global warming, the climate has gotten warmer longer.... Read More
    Naomi | Torrance, CA | Reply | No Replies
       

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    MAPS OF TORRANCE, CALIFORNIA
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time. You can also use our New Interactive Map to explore places.Torrance,California Map
    ZIP CODES IN TORRANCE, CALIFORNIA
    90503 90501 90505 90504
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