Cost of Living in Torrance, CA
Population 143,499 · California · Data vintage 2023
(100 = US avg)
Housing in Torrance sits 240% above the national median — $1 million for the typical home — but median household incomes near $113,105 (52% above the US figure) soften the blow that similar pricing creates in lower-wage metros.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Torrance
The median home value in Torrance is $1,036,600 — 240% above the national median of $305,000. Median rent runs $2,214/month, 68% higher than the national median of $1,314/month. The median household income of $113,105/year is 52% higher than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. The climate averages highs of 71.9°F and lows of 54.1°F. Overall, Torrance has a cost of living index of 271 versus the US average of 100, meaning it is 171% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 67 | 66 | 68 | 70 | 72 | 74 | 77 | 78 | 78 | 76 | 71 | 66 |
| Low °F | 47 | 48 | 50 | 52 | 55 | 59 | 62 | 62 | 61 | 57 | 51 | 46 |
| Precip" | 3.36 | 3.66 | 1.98 | 0.63 | 0.26 | 0.07 | 0.06 | 0.00 | 0.09 | 0.49 | 0.80 | 2.24 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Torrance, CA?
Torrance has a cost index of 271 (100 = national average). It is 171% above the national average.
What is average rent in Torrance, CA?
The median gross rent in Torrance is $2,214 per month based on 2023 Census data.
What is the average home price in Torrance?
The median home value in Torrance is $1,036,600 according to Zillow and Census data.
What is the median income in Torrance?
The median household income in Torrance is $113,105 per year (2023 ACS 5-year estimates).
What is the sales tax in Torrance, CA?
The combined state and local sales tax rate in Torrance is 8.7%. The California state income tax top rate is 13.3%.
Is Torrance, CA affordable?
Torrance is above average in cost of living, with an index of 271 — about 171% higher than the national average.
What is the weather like in Torrance?
Torrance has average high temperatures of 71.9°F and average lows of 54.1°F. Annual precipitation is 13.6". Data from NOAA 1991–2020 Climate Normals.
Torrance at a Glance
- Population
- 143,499
- Median Income
- $113,105
- Home Value
- $1,036,600
- Median Rent
- $2,214/mo
- Unemployment
- 5.5%
- Avg High Temp
- 71.9°F
- Sales Tax
- 8.7%
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