Cost of Living: Tipp city, OH vs Torrance, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Tipp city | Torrance |
|---|---|---|
| Housing Index | 90.0 | 135.0 |
| Median Home Price | $211,000 | $1,030,000 |
| Average Rent (2 BR Apartment) | $1200 | $2800 |
| Average Rent (2 BR House) | $1280 | $2850 |
Housing Comparison: Tipp city vs Torrance
- The median home price in Torrance is higher at $1,030,000, compared to $211,000 in Tipp city.
- In Torrance, the rental for a two-bedroom apartment stands at $2,800, while it is $1,200 in Tipp city.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Tipp city | Torrance |
|---|---|---|
| Electricity Price | $15.92 | $32.99 |
| Natural Gas Price | $Data is updating | $16.99 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Tipp city vs Torrance
- Torrance has higher electricity costs at $32.99 per kWh, versus $15.92 in Tipp city.
- Natural gas price data is currently unavailable.
- Torrance has higher utility expenses, averaging $250, while Tipp city averages $200.