Cost of Living: Denver, CO vs Torrance, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Denver | Torrance |
|---|---|---|
| Housing Index | 115.0 | 135.0 |
| Median Home Price | $631,000 | $1,030,000 |
| Average Rent (2 BR Apartment) | $2400 | $2800 |
| Average Rent (2 BR House) | $2480 | $2850 |
Housing Comparison: Denver vs Torrance
- The median home price in Torrance is higher at $1,030,000, compared to $631,000 in Denver.
- In Torrance, the rental for a two-bedroom apartment stands at $2,800, while it is $2,400 in Denver.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Denver | Torrance |
|---|---|---|
| Electricity Price | $15.21 | $32.99 |
| Natural Gas Price | $11.3 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Denver vs Torrance
- Torrance has higher electricity costs at $32.99 per kWh, versus $15.21 in Denver.
- Torrance experiences higher natural gas costs at $16.99 per unit, with costs at $11.3 in Denver.
- Utility expenses are equal in both Denver and Torrance averaging $250.