Living in Torrance, California
Cost of living, income, home prices, rent and demographics of Torrance · Census data 2020–2024
Torrance has 142,130 residents with a median age of 43.2. The median household income is $116,217 (17% higher than the California median), the median home value is $1,074,700, the median rent is $2,280/month.
Torrance at a glance
- Population
- 142,130
- Median age
- 43.2State: 37.9
- Median household income
- $116,217State: $99,122
- Median home value
- $1,074,700State: $734,700
- Median rent
- $2,280/moState: $2,036
- Homeowners
- 55%
- Bachelor's degree or higher
- 54%
- Average commute
- 27 min
Is Torrance a good place to live?
Pros: Median household income 17% higher than the California median; an average commute of 27 minutes; unemployment of 6%; a poverty rate of 7.8%.
Cons: Home values 46% higher than the state median.
The weather is best in July to October.
Cost of living in Torrance
Housing is the biggest part of the cost of living. In Torrance the median home value is $1,074,700, 223% higher than the U.S. median. Renters pay a median of $2,280 per month, which is 31.4% of household income. Homeowners with a mortgage pay $3,656 a month in housing costs.
Torrance median household income
The median household income in Torrance is $116,217 and the income per person is $58,656. 7.8% of residents live below the poverty line (California: 12%).
Housing in Torrance: homes for sale and rent
- Housing units
- 59,284
- Owner-occupied
- 55%
- Renter-occupied
- 45%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 1964
- Average household size
- 2.56
Torrance demographics
- Population
- 142,130
- Median age
- 43.2
- Under 18
- 20.8%
- 65 and older
- 18.8%
- Households
- 54,869
- Foreign-born
- 29.9%
- Veterans
- 4.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Torrance ›
Education in Torrance
54% of adults 25 and older in Torrance have a bachelor's degree or higher (California: 37.1%), and 19.7% have a graduate or professional degree.
Jobs and commute in Torrance
- Unemployment rate
- 6%State: 6.6%
- Average commute
- 27 minState: 29 min
- Work from home
- 20.8%
- Drive alone
- 69.7%
- Public transit
- 0.9%
- Walk to work
- 0.9%
- Homes with broadband
- 95.3%
Torrance vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Torrance | 142,130 | $116,217 | $1,074,700 | $2,280 |
| Redondo Beach | 69,291 | $150,245 | $1,279,200 | $2,691 |
| Lomita | 20,225 | $93,810 | $831,500 | $1,961 |
| West Carson | 22,143 | $92,775 | $689,700 | $1,891 |
| Rolling Hills Estates | 8,131 | $191,895 | $1,692,600 | $3,501 |
| Hermosa Beach | 19,063 | $166,442 | $2,000,001 | $2,887 |
| Lawndale | 30,781 | $85,441 | $781,900 | $1,938 |
| Alondra Park | 8,373 | $87,169 | $835,100 | $1,877 |
| Rolling Hills | 1,509 | $250,001 | $2,000,001 | $3,501 |
More for people moving to Torrance
Torrance ZIP code ›Weather and climate ›Living in Torrance: FAQ
What is the median household income in Torrance, CA?
The median household income in Torrance is $116,217, 17% higher than the California median of $99,122 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Torrance?
The median home value in Torrance is $1,074,700, compared with $734,700 in California.
How much is rent in Torrance?
The median gross rent in Torrance is $2,280 per month, about 31.4% of household income.
Is Torrance, CA a good place to live?
Pluses: median household income 17% higher than the California median; an average commute of 27 minutes; unemployment of 6%; a poverty rate of 7.8%. Minuses: home values 46% higher than the state median.
What is the median age in Torrance?
The median age in Torrance is 43.2 years (California: 37.9).
How long is the commute in Torrance?
The average commute to work in Torrance is 27 minutes; 20.8% of workers work from home.
What is the unemployment rate in Torrance?
The unemployment rate in Torrance is 6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Torrance?
54% of adults in Torrance have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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