90504 Torrance, CA is a great place to live. It has many well established businesses and industries, including Honda, Del Amo Motorsports, American Honda Motor Company, and the Del Amo Fashion Center, which is the largest shopping mall in the entire western United States. The cost of living in this area is quite low compared to other cities. The average 2 bedroom rent in 90504 Torrance, CA is $2,250 while the US average 2 bedroom rent is $1,430. Additionally, the grocery cost index in 90504 Torrance is 104 versus 100 in the US. This makes it a desirable location for people looking for an affordable and comfortable place to call home.
Torrance (zip 90504) has an unemployment rate of 8.2%. The US average is 6.0%.
Torrance (zip 90504) 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 90504)
- The Sales Tax Rate for Torrance (zip 90504) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Torrance (zip 90504) 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 90504)
- The average income of a Torrance (zip 90504) resident is $43,771 a year. The US average is $37,638 a year.
- The Median household income of a Torrance (zip 90504) resident is $97,289 a year. The US average is $69,021 a year.