Cost of Living: Plano, TX vs Torrance, CA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Plano | Torrance |
|---|---|---|
| Housing Index | 110.5 | 135.0 |
| Median Home Price | $454,000 | $1,030,000 |
| Average Rent (2 BR Apartment) | $1800 | $2800 |
| Average Rent (2 BR House) | $1925 | $2850 |
Housing Comparison: Plano vs Torrance
- The median home price in Torrance is higher at $1,030,000, compared to $454,000 in Plano.
- In Torrance, the rental for a two-bedroom apartment stands at $2,800, while it is $1,800 in Plano.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Plano | Torrance |
|---|---|---|
| Electricity Price | $14.47 | $32.99 |
| Natural Gas Price | $26.29 | $16.99 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Plano vs Torrance
- Torrance has higher electricity costs at $32.99 per kWh, versus $14.47 in Plano.
- Natural gas is more expensive in Plano at $26.29 per unit, while it is cheaper at $16.99 in Torrance.
- Utility expenses are equal in both Plano and Torrance averaging $250.