Torrance, CA is a great city in Los Angeles county with a population of over 150,000. It is conveniently located near the beach and major freeways, making it the perfect place to live. The 2 bedroom rent in Torrance is $2,650, compared to the US average of $1,430. Additionally, the Grocery Cost Index in Torrance is 106 versus 100 in the US. There are many local companies to provide groceries and other items at reasonable prices including Ralphs Grocery Store (for grocery items) and Target (for general household items). Both stores offer competitive prices and convenient locations for locals living in Torrance.
Torrance (zip 90503) has an unemployment rate of 8.2%. The US average is 6.0%.
Torrance (zip 90503) has seen the job market decrease by -12.2% 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 (zip 90503)
- The Sales Tax Rate for Torrance (zip 90503) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Torrance (zip 90503) 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 (zip 90503)
- The average income of a Torrance (zip 90503) resident is $50,265 a year. The US average is $37,638 a year.
- The Median household income of a Torrance (zip 90503) resident is $105,142 a year. The US average is $69,021 a year.