Last updated: 2024 BLS data · Page refreshed:
Torrance has a population of 142,130 with a median age of 43.2. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 142,130 |
| Median Age | 43.2 |
| White | 36.1% |
| Black or African American | 3.6% |
| Asian | 37.3% |
| Hispanic or Latino | 19.3% |
| Other / Two or More Races | 3.7% |
The median household income in Torrance is $116,217, which is 44.2% above the national median of $80,610. The per capita income is $58,656. The poverty rate is 7.8%.
The unemployment rate in Torrance is 5.0%, compared to the national rate of 4.1%.
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In Torrance, 95.0% of residents age 25+ have a high school diploma or higher, and 54.0% hold a bachelor's degree or higher (19.7% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 95.0% |
| Bachelor's Degree or Higher | 54.0% |
| Graduate or Professional Degree | 19.7% |
The median home value in Torrance is $1,074,700, above the national median of $303,400. The median monthly rent is $2,280. The homeownership rate is 55.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $1,074,700 |
| Median Monthly Rent | $2,280 |
| Homeownership Rate | 55.0% |
| Vacancy Rate | 7.4% |
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