Discretionary Income in Torrance, CA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Torrance, CA is ranked 307th out of the top 333 most populated cities in the U.S. for having the highest discretionary income. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Torrance, CA
Gross Salary
$8,333
Taxes
$1,677
Cost of Living
$5,049
Discretionary Income
$1,608
With a gross annual salary of $100,000 in Torrance, CA, you would need to deduct approximately $1,677 per month for taxes. Given that the average cost of living in Torrance is $5,049, you would have around $1,608 remaining in your pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Torrance, CA, regardless of household composition or number of income earners.
Salary and Discretionary Income Per Gross Salary Level in Torrance, CA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Torrance, CA |
|---|---|
| $30,000 | -$2,742 |
| $40,000 | -$2,044 |
| $50,000 | -$1,361 |
| $60,000 | -$699 |
| $70,000 | -$117 |
| $80,000 | $458 |
| $90,000 | $1,033 |
| $100,000 | $1,608 |
| $110,000 | $2,182 |
| $120,000 | $2,740 |
| $130,000 | $3,298 |
| $140,000 | $3,857 |
| $150,000 | $4,415 |
| $175,000 | $5,811 |
| $200,000 | $7,180 |
| $250,000 | $9,626 |
| $300,000 | $11,959 |
| $350,000 | $14,292 |
| $400,000 | $16,583 |
| $450,000 | $18,849 |
| $500,000 | $21,099 |
Discretionary Income in Torrance, CA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Torrance, CA is ranked 305th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for singles. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Torrance, CA
Gross Salary
$8,333
Taxes
$1,677
Cost of Living
$3,344
Discretionary Income
$3,313
With a gross annual salary of $100,000 in Torrance, CA, a single person would need to deduct approximately $1,677 per month for taxes. Considering the average cost of living in Torrance is $3,344, singles would have around $3,313 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Torrance, CA, assuming that the gross salary is earned by a single person.
Salary and Discretionary Income Per Gross Salary Level in Torrance, CA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Torrance, CA |
|---|---|
| $30,000 | -$1,037 |
| $40,000 | -$339 |
| $50,000 | $345 |
| $60,000 | $1,006 |
| $70,000 | $1,588 |
| $80,000 | $2,163 |
| $90,000 | $2,738 |
| $100,000 | $3,313 |
| $110,000 | $3,887 |
| $120,000 | $4,445 |
| $130,000 | $5,003 |
| $140,000 | $5,562 |
| $150,000 | $6,120 |
| $175,000 | $7,516 |
| $200,000 | $8,885 |
| $250,000 | $11,331 |
| $300,000 | $13,664 |
| $350,000 | $15,997 |
| $400,000 | $18,289 |
| $450,000 | $20,554 |
| $500,000 | $22,804 |
Discretionary Income in Torrance, CA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Torrance, CA is ranked 298th out of the top 333 most populated cities in the U.S. for having the highest discretionary income for couples. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Torrance, CA
Gross Salary
$8,333
Taxes
$1,677
Cost of Living
$4,941
Discretionary Income
$1,715
With a gross annual salary of $100,000 in Torrance, CA, a couple would need to deduct approximately $1,677 per month for taxes. Considering the average cost of living in Torrance is $4,941, couples would have around $1,715 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Torrance, CA, assuming that the gross salary is earned by a couple.
Salary and Discretionary Income Per Gross Salary Level in Torrance, CA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Torrance, CA |
|---|---|
| $30,000 | -$2,635 |
| $40,000 | -$1,936 |
| $50,000 | -$1,253 |
| $60,000 | -$592 |
| $70,000 | -$10 |
| $80,000 | $565 |
| $90,000 | $1,140 |
| $100,000 | $1,715 |
| $110,000 | $2,289 |
| $120,000 | $2,847 |
| $130,000 | $3,406 |
| $140,000 | $3,964 |
| $150,000 | $4,522 |
| $175,000 | $5,918 |
| $200,000 | $7,287 |
| $250,000 | $9,733 |
| $300,000 | $12,067 |
| $350,000 | $14,399 |
| $400,000 | $16,625 |
| $450,000 | $18,808 |
| $500,000 | $20,975 |
Discretionary Income in Torrance, CA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Torrance, CA is ranked 303rd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for single parents. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Torrance, CA
Gross Salary
$8,333
Taxes
$1,415
Cost of Living
$4,941
Discretionary Income
$1,978
With a gross annual salary of $100,000 in Torrance, CA, a single parent would need to deduct approximately $1,415 per month for taxes. Considering the average cost of living in Torrance is $4,941, single parents would have around $1,978 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Torrance, CA, assuming that the gross salary is earned by a single parent.
Salary and Discretionary Income Per Gross Salary Level in Torrance, CA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Torrance, CA |
|---|---|
| $30,000 | -$2,567 |
| $40,000 | -$1,858 |
| $50,000 | -$1,175 |
| $60,000 | -$501 |
| $70,000 | $164 |
| $80,000 | $822 |
| $90,000 | $1,403 |
| $100,000 | $1,978 |
| $110,000 | $2,553 |
| $120,000 | $3,121 |
| $130,000 | $3,680 |
| $140,000 | $4,238 |
| $150,000 | $4,796 |
| $175,000 | $6,192 |
| $200,000 | $7,588 |
| $250,000 | $10,066 |
| $300,000 | $12,404 |
| $350,000 | $14,737 |
| $400,000 | $17,028 |
| $450,000 | $19,294 |
| $500,000 | $21,544 |
Discretionary Income in Torrance, CA in 2024
Discretionary income is the money that’s left over after taxes and cost of living expenses, and you can have more of it – if you know where to live and work. Discretionary Income = Gross Salary – Taxes – Cost of Living
Torrance, CA is ranked 302nd out of the top 333 most populated cities in the U.S. for having the highest discretionary income for families. Therefore, it is considered as one of the cities, where on average per month, you will have the least amount of money left in your pocket compared to other cities.
Monthly Discretionary Income for Renters in Torrance, CA
Gross Salary
$8,333
Taxes
$957
Cost of Living
$6,970
Discretionary Income
$406
With a gross annual salary of $100,000 in Torrance, CA, a family would need to deduct approximately $957 per month for taxes. Considering the average cost of living in Torrance is $6,970, families would have around $406 remaining in their pocket each month after expenses.
The following table calculates the expected Discretionary Income for each salary bracket in Torrance, CA, assuming that the gross salary is earned by the family head(s).
Salary and Discretionary Income Per Gross Salary Level in Torrance, CA in 2024
| Gross Annual Salary | Estimated Monthly Discretionary Income in Torrance, CA |
|---|---|
| $30,000 | -$4,522 |
| $40,000 | -$3,788 |
| $50,000 | -$3,057 |
| $60,000 | -$2,357 |
| $70,000 | -$1,657 |
| $80,000 | -$960 |
| $90,000 | -$277 |
| $100,000 | $406 |
| $110,000 | $1,087 |
| $120,000 | $1,730 |
| $130,000 | $2,313 |
| $140,000 | $2,894 |
| $150,000 | $3,469 |
| $175,000 | $4,906 |
| $200,000 | $6,344 |
| $250,000 | $9,166 |
| $300,000 | $11,958 |
| $350,000 | $14,749 |
| $400,000 | $17,487 |
| $450,000 | $19,945 |
| $500,000 | $22,379 |