Torrance, CA Cost of Living (2024): How Expensive Is It?

What salary do you need to live in Torrance, CA?

Overall, on average, a gross annual salary of $84,783 is required for an average quality of life in Torrance, CA.

Does Torrance, CA have a high cost of living?

Torrance, CA is ranked 303rd out of the top 333 most populated cities in the U.S. for having the lowest cost of living. Therefore, it is considered as one of the most expensive cities in which to live in the U.S. Torrance, CA's average monthly rent is 27% higher than than the U.S. average cost of rent.

Is $75K a good salary in Torrance, CA?

A gross annual salary of $75,000 in Torrance, CA will yield an average annual net salary of $62,632. Considering that the total average annual cost of living in Torrance, CA is $60,587, a gross annual salary of $75,000 will be sufficient to cover average living costs.

How much should I pay for rent in Torrance, CA?

The average monthly rent in Torrance, CA in the city center is $2,408 for a 1 bedroom apartment, $3,005 for a 2 bedroom apartment and $3,806 for a 3 bedroom apartment. Outside the city center, the average monthly rent in is $2,002 for a 1 bedroom apartment, $2,400 for a 2 bedroom apartment and $3,106 for a 3 bedroom apartment.