Torrance, California Income Statistics
Torrance Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Torrance Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Torrance | California Avg | US Average |
|---|---|---|---|
| Median Household Income | $116,831 | $99,161 | $80,455 |
| Median Personal Income | $88,274 | $67,742 | $60,758 |
| Average Yearly Income Growth | 4.6% | 5.6% | 4.8% |
| Six-Figure Earners | 24.6% | 17.6% | 13.9% |
| $200k+ Households | 25.4% | 20.5% | 13.2% |
The median household income in Torrance is about 18% higher than in California. Income has been growing slower in Torrance (4.6%/yr) than in California (5.6%/yr).
About 25% of adults in Torrance earn six figures ($100,000 or more) a year, higher than the California average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Torrance, California grew by 59.5% from 2009 to 2024, reaching $116,831 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Torrance
| Metric | Torrance | California Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.572 | 0.552 |
| Male Median Income | $99,997 | $75,172 | $69,667 |
| Female Median Income | $84,113 | $66,071 | $56,850 |
| Gender Pay Gap | 15.9% | 12.1% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Torrance, it is 0.537, lower than California's 0.572, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 19% more than women's income in Torrance, California. Over a 35-year career, a 19% wage gap accumulates to roughly $555,940 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Torrance, California has narrowed from about 25% to 16% in 2024. Over that period the gap was narrowest at 16% in 2020. In dollar terms, the gap has narrowed by $969 since 2009.
Employment
| Metric | Torrance | California Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 6.6% | 5.2% |
| Working from Home | 20.9% | 17.2% | 15.0% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 4,417 people are unemployed in Torrance, California.
The average commute time in Torrance is 22 minutes, shorter than the 23 minutes in California.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Torrance, California has fallen from 7.0% to 6.0% in 2024. Over that period the rate peaked at 8.1% in 2014 and fell as low as 4.0% in 2019.
Torrance, CA Wealth Compared With Nearby Cities
Torrance, CA is the largest of the 4 cities compared here, 139,758 residents against a local median of 30,784. Torrance, CA's median household income, at $116,831, runs 22% above the $95,911 typical of the cities around it. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.6%/yr against a local median of 5.5%/yr, 16% below it. The picture is mixed rather than uniform: median household income runs ahead of the neighbourhood while income growth runs behind it, so Torrance, CA is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread $65,179 on median household income, so Torrance, CA sits at one end of an already wide local range rather than apart from it. Torrance, CA has the 2nd highest median household income of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Torrance, CA | 139,758 | $116,831 #2/4 | 4.6%/yr #4/4 | 6.0% #3/4 | 0.537 #2/4 |
| Redondo Beach, CA | 69,266 | $150,415 | 4.7%/yr | 5.5% | 0.482 |
| Lomita, CA | 20,223 | $95,911 | 5.5%/yr | 4.6% | 0.566 |
| Lawndale, CA | 30,784 | $85,235 | 6.3%/yr | 9.7% | 0.560 |
Conclusion
Considering all these factors, Torrance, California has an overall wealth index grade of B, making it somewhat better than California, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Torrance, California.
How Rich Is Torrance, California?
Torrance has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $116,831, about 18% higher than the California average of $99,161.
How has median household income changed in Torrance, California?
Between 2009 and 2024, the median household income in Torrance, California rose 60%, from $73,233 to $116,831. Over the same years, income here lagged behind California as a whole: +60% against +64%.
What was the median household income in Torrance in 2023?
In 2023, the median household income in Torrance, California was $113,578, up 3% from $110,533 in 2022. The California median that year was $96,718.
What was the median household income in Torrance in 2020?
In 2020, the median household income in Torrance, California was $95,203. By 2024 it had risen 23% to $116,831.
How many people earn six figures in Torrance, California?
Yes. 25% of adults in Torrance, California earn $100,000 or more a year (about 1 in 4), against 18% (about 1 in 6) in California. 25% of households have a combined income of $200,000 or more, compared with 20% in California.
What is the Gini coefficient in Torrance, California?
The Gini coefficient in Torrance is 0.537. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Torrance, California?
Since 2009, the income gap between men and women in Torrance, California has narrowed from about 25% to 16% in 2024. Over that period the gap was narrowest at 16% in 2020. In dollar terms, the gap has narrowed by $969 since 2009.
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