Torrance, California 

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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    14 Reviews
    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

    Start Your Review of Torrance


    Warm - 11/22/2015
    Due to global warming, the climate has gotten warmer longer.... Read More

    Moving to Torrance,CA - 10/21/2015
    We are moving to Torrance,CA. Would like to know best places to live and top 5 elementary schools.... Read More


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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.Torrance,California Map
    ZIP CODES IN TORRANCE, CALIFORNIA
    90503 90501 90505 90504


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