Torrance

The Balanced City

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GET THE CRUCIAL FACTS
ABOUT THE CITY

Median Household Income

$79,549
2015 VALUE
± 2,479

Households in Torrance have a median income of $79,549. The chart shows the median household income in Torrance compared to its parent locations.

Employment by Occupations

71,864
2015 EMPLOYMENT FIGURE
± 1,195

Employment in Torrance has been growing at a rate of 0.70% to 71,864 employees.

The accompanying chart shows the share breakdown of the primary jobs held by residents of Torrance.

Property Value

$638,700
2015 VALUE
± 6,427

In 2015, the median property value in Torrance grew to $638,700 from the previous year's value of $622,800.

The following charts display the property value in Torrance compared to other geographies, as well as the owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket.

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Overview

The City of Torrance prides itself on being a premier city, carefully balancing the industrial, business and residential sectors; dedicated to business creation, attraction, retention and expansion.

Torrance offers various incentives to support a vibrant and sustainable business community and has consistently been recognized as one of LA's safest communities, making it attractive for families to live, businesses to thrive and tourists to visit. The city is conveniently located near the 110 and 405 San Diego Freeways and the Los Angeles International Airport.

The City of Torrance offers fast and efficient services for business. Processing Conditional Use Permits (CUP), plan check corrections and other business requests are handled quickly.

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At-a-Glance

  • 148,938
    Population
  • 79,307
    Labor Force
  • 203,011
    Peak Daytime Population
  • 3.50%
    Unemployment Rate

Key Figures

148,938
Population
$713,000
Median-home value
55,576
Households

BUSINESS-FRIENDLY INCENTIVES

The Torrance Municipal Airport is among Torrance's unique offerings for businesses.
The Torrance Municipal Airport is among Torrance’s unique offerings for businesses.
  • No Gross Receipts Tax
  • Expedited Permitting, internal reviews
  • Next day inspections
  • Superior coordination services
  • Full-service City
  • Class 1 Fire Department
  • Municipal Airport
  • Great School District
  • Business Watch Program (TPD)
  • Site Selection Assistance
  • Financial Assistance
  • May help with costs for installing drought tolerant landscaping
  • Workforce Development Services (SBWIB)
  • Marketing
  • Referrals
  • Business Incubation
  • Competitive Fees
  • Ombudsman Program
  • Within a Foreign Trade Zone

Related Links

Business Incentives Guide

TORRANCE TOP EMPLOYERS

Torrance Memorial Medical Center
Torrance Memorial Medical Center
    • Toyota Motor Company USA, Inc. (3,858 employees)
    • Torrance Memorial Medical Center (3,000 employees)
    • Providence Little Company of Mary (2,000 employees)
    • Honeywell Aerospace/ Equipment Systems (1,443 employees)
    • American Honda Motor Co., Inc. (1,428 employees)
    • Robinson Helicopter Company (1,212 employees)
    • Hi-Shear Corporation – LISI (1,101 employees)
    • Alcoa Fastening Systems (865 employees)
    • Exxon Mobil Oil Corporation (618 employees)
    • Pelican Products (484 employees)
    • Macy’s Department Store (478 employees)
    • L-3 Communications (463 employees)
    • Nordstrom (450 employees)
    • Saatchi & Saatchi (440 employees)
    • Phenomenex Inc. (430 employees)
    • Costco Wholesale #476 (389 employees)
    • MOOG, Inc (372 employees)
    • Keenan & Associates (370 employees)
    • Target (304 employees)
    • Younger Mfg (268 employees)
    • Edelbrock LLC (264 employees)
    • Del Amo Hospital (252 employees)
    • Honda R&D Americas, Inc (252 employees)
    • Kubota Tractor Corp. (245 employees)
    • The Home Depot (239 employees)
    • VIRCO Mfg Corp (237 employees)
    • Motor Car Parts of America, Inc (232 employees)
    • American Honda Finance Corp (229 employees)
    • Healthcare Partners Ltd (217 employees)
    • Sears Roebuck & Co (213 employees)
    • Securitas Security Services (204 employees)
    • Wal Mart Stores, Inc (202 employees)
    • Torrance Marriott (100-249 employees)
    • The Doubletree Hotel (100-249 employees)
    • Miyako Hotel (100-249 employees)

CITY FACTS:

Torrance Transit Center
Proposed Torrance Transit Center
  • Form of Government: Mayor-City Council- City Manager
  • Total Establishments: 9,644
  • Median household income: $81,973
  • Median Age: 41.10
  • 40.95% have a college degree
  • Size: 20.5 square miles
  • Ocean Beach Frontage: 0.8 miles
  • Parks: 33
  • Fire Stations: 6
  • Public Swimming Pools: 1 (open air)
  • Parks: 33
  • Public Libraries: 6
  • Golf Courses: 1
  • Municipal Airport

DEVELOPMENTS

  • Del Amo Fashion Center Renovation (Simon Property Group); Nordstrom & other high-end retailers
  • Hospital renovations & expansions; Children’s Hospital of Los Angeles South Bay Center
  • Discover Torrance- Tourism Business Improvement District
  • South Bay Entrepreneurial Center—Business Incubator
  • Alternative Fuel Development hub
  • South Bay Microbrewery destination
  • (Planned) Torrance Auto Dealers Association
  • (Planned) Buy-In Torrance Campaign

Key City Contacts

Patrick J. Furey

City Mayor

3031 Torrance Blvd.
Torrance, CA 90503
T:  (310) 618-2801
E:  

Fran Fulton

Economic Development Manager

City of Torrance
3031 Torrance Blvd.
Torrance, CA 90503

T:  (310) 618-2875
E:  
www.torranceca.gov

Domenica Megerdichian

Management Associate

City of Torrance
3031 Torrance Blvd.
Torrance, CA 90503

T:  (310) 618-5893
E:  
www.torranceca.gov

Donna Duperron

Torrance Chamber President

Torrance Chamber
3400 Torrance Boulevard, Suite 100
Torrance, CA 90503

T:  (310) 540-6688
E:  
www.torrancechamber.com