Torrance is a city in California state in USA with a population of 144430 residents.. The poverty rate of Torrance is 6.8%, which is 51% lower than national average. The typical household in Torrance earns $94781 a year, compared to the national median of $67,500. Nearly 25.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Torrance, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Torrance remained 4.8%, which is 2% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Torrance, only 52% of adults have a bachelor's degree and 26% have some college but no degree.

Cost of living in Torrance is 171, which is 71% higher than national average. Median home value in Torrance is $796800 , which is 247% higher than national average. While median income in Torrance remained $94781, which is 40% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.