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This question is about Torrance, CA.
What is a good salary in Torrance, CA?
A good salary in Torrance, CA is anything over $67,000. That's because the median income in Torrance is $67,000, which means if you earn more than that you're earning more than 50% of the people living in Torrance. The average salary in Torrance is $76,555.
A good hourly wage in Torrance is $32.21 per hour. That works out to a good weekly wage of $1,288 per week and a good monthly wage of $5,583 per month. However, using the median income is only one way to calculate a good salary in Torrance.
Another way to calculate a good salary in Torrance is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $762,700, a good salary in Torrance would be $152,540.
Lastly, we can determine a good salary in Torrance by looking at the cost of living and comparing it to the US average salary. The cost of living in Torrance is 70% higher than than the national average. The national average salary is $56,310, so a good salary in Torrance is anything over $95,727 by this measure.
Average Annual Salary in Torrance, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $36,000 | $3,000 | $692 | $17.31 |
| 25th | $48,000 | $4,000 | $923 | $23.08 |
| Median | $67,000 | $5,583 | $1,288 | $32.21 |
| 75th | $94,000 | $7,833 | $1,807 | $45.19 |
| 90th | $126,000 | $10,500 | $2,423 | $60.58 |
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