Cost of Living: Torrance, CA vs Peabody, MA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Torrance | Peabody |
|---|---|---|
| Housing Index | 135.0 | 120.0 |
| Median Home Price | $1,030,000 | $463,000 |
| Average Rent (2 BR Apartment) | $2800 | $2300 |
| Average Rent (2 BR House) | $2850 | $2400 |
Housing Comparison: Torrance vs Peabody
- In Torrance, the median home price is higher at $1,030,000, while in Peabody it is $463,000.
- Renting a two-bedroom apartment costs more in Torrance at $2,800 than in Peabody at $2,300.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Torrance | Peabody |
|---|---|---|
| Electricity Price | $32.99 | $28.15 |
| Natural Gas Price | $16.99 | $21.62 |
| Other Utilities | $250 | $280 |
Utilities Comparison: Torrance vs Peabody
- Electricity costs are higher in Torrance at $32.99 per kWh, compared to $28.15 in Peabody.
- Peabody experiences higher natural gas costs at $21.62 per unit, with costs at $16.99 in Torrance.
- Peabody has higher utility expenses, averaging $280, while Torrance averages $250.