Cost of Living: Torrance, CA vs Revere, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Torrance | Revere |
|---|---|---|
| Housing Index | 135.0 | 120.0 |
| Median Home Price | $1,030,000 | $451,000 |
| Average Rent (2 BR Apartment) | $2800 | $2600 |
| Average Rent (2 BR House) | $2850 | $2700 |
Housing Comparison: Torrance vs Revere
- In Torrance, the median home price is higher at $1,030,000, while in Revere it is $451,000.
- Renting a two-bedroom apartment costs more in Torrance at $2,800 than in Revere at $2,600.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Torrance | Revere |
|---|---|---|
| Electricity Price | $32.99 | $28.15 |
| Natural Gas Price | $16.99 | $21.62 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Torrance vs Revere
- Electricity costs are higher in Torrance at $32.99 per kWh, compared to $28.15 in Revere.
- Revere experiences higher natural gas costs at $21.62 per unit, with costs at $16.99 in Torrance.
- Utility expenses are equal in both Torrance and Revere averaging $250.