Is Torrance Expensive?

Los Angeles, United States

-18% vs Los Angeles avg

Living in Torrance, Los Angeles

Torrance is one of the most affordable neighborhoods in Los Angeles, with a cost of living index of 62.6 — that is -18% compared to the Los Angeles average. Ranked #28 of 30, it offers some of the lowest costs in the city. Estimated rent for a one-bedroom apartment here is around $1,968/month, compared to a range of $1,728 in Inglewood to $3,480 in Bel Air.

Monthly Budget Breakdown

For a typical resident of Torrance, housing takes up roughly 37% of monthly expenses. Food and groceries account for about 15%, while transportation costs around 8%. To live comfortably here — meaning rent stays at or below 30% of gross income — you would need an annual salary of approximately $78,720 before tax.

Typical Salaries in Torrance

Salaries in Torrance reflect the local cost of living. Based on the neighborhood COLI of 62.6:

After tax and deductions of 28.5% in United States, take-home pay for someone earning $78,720 would be roughly $56,285/year. Use the salary converter to calculate an exact figure for your situation, including expat-specific tax adjustments.

Key Stats

62.6
COLI Index
0.82x
vs City Avg
$1,968
Est. 1BR Rent
#28
of 30 Areas
28.5%
Total Deductions

Tax & Deductions in Torrance

Estimated annual deductions on a $46,950 salary in Torrance, Los Angeles (local employee).

Income Tax
12%
Social Security + Medicare (FICA)
7.6%
State Income Tax (CA)
9.3%
Total Deductions: 28.5%
Est. Take-Home: $33,590/yr

Rates shown are for a local employee. Use the salary converter for expat calculations.

Salary Equivalents

What a $75,000 USD salary in Torrance would need to be elsewhere:

City Currency Equivalent
New York USD $46,950
London GBP £40,404
Dubai AED AED 234,928

Other Neighborhoods in Los Angeles

Neighborhood COLI Multiplier vs Avg
Bel Air 110.6 1.45x +45%
Malibu 108.3 1.42x +42%
Beverly Hills 106.8 1.40x +40%
Manhattan Beach 99.2 1.30x +30%
Santa Monica 95.4 1.25x +25%

View all 30 neighborhoods in Los Angeles →

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Compare Torrance

Torrance vs Long Beach Torrance vs Inglewood

Los Angeles City Comparisons

New York vs Los Angeles

Similar Neighborhoods Worldwide

Neighborhoods with a similar cost of living to Torrance:

Sai Kung, Hong Kong Little Havana, Miami Westchester, Miami Brunswick, Melbourne Five Points, Denver Manglerud, Oslo

Frequently Asked Questions

Is Torrance expensive in Los Angeles?

Torrance is one of the more affordable neighborhoods in Los Angeles. It costs about -18% less than the city average, ranking #28 out of 30 neighborhoods.

How does Torrance compare to the Los Angeles average?

The cost of living in Torrance is below the Los Angeles average. With a multiplier of 0.82x, everyday expenses including rent, food, and transportation are -18% compared to the city baseline.

Data Sources: Cost of living indices based on crowd-sourced price data and official statistics. Tax calculations follow 2026 rates. Sources include U.S. Bureau of Labor Statistics · U.S. Census Bureau · OECD Better Life Index. Figures are estimates and may vary based on individual circumstances.