Located in the state of California, Torrance is a mid-sized city with a population of 147,307 inhabitants. In Torrance, there are 7,194 people per square mile, which is well above the national population density average. Individuals of White (50%) and Asian (34%) backgrounds make up a significant portion of the population of Torrance. Torrance is known to be family friendly as more than 77% of the population has already tied the knot. It might also be worth noting that 56% of residents also have children under the age of 18.
If you’re considering relocating to any new city, it could be a very intimidating task. However, it could also be a good experience if you are willing to get to know the area before actually living in Torrance, California. With useful information like amenities, crime, cost of living, weather, education and other key data points, finding the best places to live in Torrance and in the areas around Torrance is a much easier task.
Torrance has a livability score of 77 out of 100 and is ranked #141 in California and #3,504 in the USA. This is a fantastic score, as Torrance ranks well in multiple categories! There are seven total categories that form the livability score. Torrance ranks well for amenities (A+), crime (B+), weather (A), education (B+) and employment (B-). There is at least one category that did not score well in Torrance. The following was graded with a disappointing score: cost of living (F).
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Torrance on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Here are some of the more popular things to do in Torrance: Wilson Park, Riviera Health Spa, and Torrance Cultural Arts Center.
Feeling a sense of safety in the area that you live in is a must for most people. Low crime rates can have a positive impact on things like home prices, home appreciation rates and the overall sense of community. Torrance has a violent crime rate of 181 crimes per 100,000 residents which is far lower than the national average.
Assuming that Torrance meets all of your requirements, the next most important item to examine is the affordability of real estate in Torrance. Everything else becomes a lot less important if it turns out that home prices in Torrance are simply unattainable. Median real estate prices in Torrance come in at $652,600, which is 59.4% higher than the California average. The home price to income ratio compares the median home prices to the median household income. In Torrance, the home price to income ratio is 8.1, which is 26.6% higher than the California average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Torrance were 3.3%, and the 5 year appreciation rates came in at 6.7%.