Cost of living in Torrance
Torrance, located in the heart of Southern California, offers a unique blend of suburban charm and urban convenience. Understanding the cost of living in Torrance is crucial for anyone considering a move to this vibrant city.
With its proximity to Los Angeles and beautiful coastal areas, Torrance provides a desirable living environment. However, potential residents should be aware of the various expenses associated with living in this area.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $12 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $85, with prices ranging from $50 to $120.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $7 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $12, imported beer $5 to $13, cappuccino $4 to $8, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.79 and $2 per liter, averaging $1.21.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $2.2 and $5.51, with an average price of $4.94.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $7, averaging $4.73.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.76 to $8.82 per kg, while oranges range from $1.65 to $7.72 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $6.61 per kg, and lettuce costs $1 to $2.99 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1 and $4.5, with a monthly pass priced between $40 and $50.
- Fuel (Gasoline) - Gasoline is priced between $1.12 and $1.35 per liter.
- Taxi Fares - Taxi fares start at $3.1, with a cost of $1.68 to $3.73 per km and $29.19 to $60 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $2000 to $3500, averaging $2666.67.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2000 to $2200, averaging $2066.67.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3500 to $6000, averaging $4575.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $3500 to $4700, averaging $4087.5.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $7642.38 to $8611.13, averaging $8126.75.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $6458.35 to $7534.74, averaging $6996.54.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $400, averaging $275.
- Internet - Internet services range from $50 to $72, with an average cost of $62.33.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Torrance offers a high standard of living with a cost structure reflective of its desirable location in Southern California.
Housing costs are significant, especially in the city centre, but options outside the centre offer slightly more affordable rents.
Dining out can be expensive, particularly at mid-range restaurants, while grocery prices vary widely depending on the product.
Transportation costs are moderate, with affordable public transport options and competitive fuel prices.
Conclusion
Living in Torrance, CA, presents a mix of suburban comfort and urban amenities, making it an attractive place for many.
While the cost of living is on the higher side, particularly in terms of housing and dining, the city's benefits and lifestyle opportunities often justify the expenses.
Prospective residents should carefully consider their budget and lifestyle preferences when planning a move to Torrance.