Cost of Living in Torrance, CA
Torrance has a cost of living index of 155 (100 = national average), making it significantly more expensive than the national average. The median household income is $86,374 and the median home price is $1,000,000.
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Torrance at a Glance
Population
147,067
Cost of Living Index
155
Median Income
$86,374
Median Home Price
$1,000,000
Property Tax Rate
0.70%
Sales Tax Rate
10.25%
Rent Index
155
State
California
Living in Torrance
Torrance is one of the more expensive cities in the United States. Housing costs are a major factor, with the median home price at $1,000,000. However, the median household income of $86,374 partially offsets the higher costs.
The combined sales tax rate in Torrance is 10.25%, and the effective property tax rate is 0.70%. Property taxes are relatively low compared to the national average.