Cost of Living in Torrance, CA

Housing

The housing market plays a significant role in determining the cost of living in Torrance, CA.

• Housing Index: 135.0 / 100
• Median Home Price is: $1030000
• Average Rent (2 BR Apartment): $2800 per month
• Average Rent (2 BR House): $2850 per month

Considering a move to Torrance, CA? The 135.0 housing index of 135.0 indicates a higher cost of living compared to the national average, potentially challenging for budget-conscious buyers. The median home price sits at 1030000, highlighting a competitive housing market. With average rents for a 2-bedroom apartment at 2800 and a house at 2850, it's essential to assess your affordability. Remember, factors like job opportunities, local amenities, and quality of life also play crucial roles in your decision-making process.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Torrance, CA.

• Electricity Price: 32.99 USD (median by state)
• Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Torrance, CA could entail higher utility costs. Electricity costs sit at 32.99, while natural gas is priced at 16.99 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 130.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $109554

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Torrance, CA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.