Cost of Living in Torrance, CA
Population: 143,499 • 2026 Data
$113,105
Median Household Income
+46% vs national
$2,214
Median Monthly Rent
+64% vs national
$1,036,600
Median Home Value
+206% vs national
5.5%
Unemployment Rate
Housing in Torrance
The median home value in Torrance, CA is $1,036,600. Monthly rent for a typical unit averages $2,214, while total monthly housing costs (including utilities and insurance) average $2,295.
Rent-to-income ratio: 23.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Torrance, CA is $113,105. The unemployment rate stands at 5.5%, with a labor force of 75,234 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.