Cost of Living: Torrance, CA vs Lima, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Torrance | Lima |
|---|---|---|
| Housing Index | 135.0 | 85.0 |
| Median Home Price | $1,030,000 | $84,800 |
| Average Rent (2 BR Apartment) | $2800 | $900 |
| Average Rent (2 BR House) | $2850 | $920 |
Housing Comparison: Torrance vs Lima
- In Torrance, the median home price is higher at $1,030,000, while in Lima it is $84,800.
- In Lima, the rental for a two-bedroom apartment stands at $900, while it is $2,800 in Torrance.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Torrance | Lima |
|---|---|---|
| Electricity Price | $32.99 | $15.92 |
| Natural Gas Price | $16.99 | $Data is updating |
| Other Utilities | $250 | $150 |
Utilities Comparison: Torrance vs Lima
- Electricity costs are higher in Torrance at $32.99 per kWh, compared to $15.92 in Lima.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Torrance at an average of $250, compared to Lima with $150.