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Places/NM/Torrance
County profile

Torrance

United States · GDP 2024
#1948 of 3,127 US counties by GDPtop-quartile growthmore diversified than 64% of counties
EA Place Score
——
methodology in progress
GDP 2024 (USD)
$881.3M
GDP growth
+8.0%
Jobs tracked
2,070
Employers
205
Avg. wage
$50.4k
Population
16,100
Labor & formation
Unemployment
6.1%
Median HH income
$57.8k±$6.3k
Business applications
193 · 2025

Public companies headquartered here

SEC EDGAR · FMP
CompanySectorRevenueEA

No public companies loaded for this state yet — universe expands with the full ingest.

HQ-based placement with total (global) headcount — local employment attribution needs firmographic data; the industry mix at right is measured county data (CBP).

Industry mix · employment
Retail trade32%
Construction17%
Health care16%
Admin & support16%
Food & accommodation12%
Utilities8%
share of top-6 sector employment · CBP 2023
Population & migration
Census PEP · 2020–2025
16,100
residents · 2025 · +6.9% since 2020
Income per capita $49.0k · BEA 2024
COMPONENTS OF CHANGE · 2021–2025
Domestic migration+1,334
International migration+4
Natural change−284

GDP trend

2019–2024 · nominal
$411.8M
2019
$451.9M
2020
$578.4M
2021
$717.9M
2022
$815.9M
2023
$881.3M
2024

Real estate & risk

FHFA · ACS · FEMA
Median home value
$159.7k±$12.5k
Median gross rent
$872/mo±$37/mo
Vacancy rate
17.0%±3.0%
Affordability
3.2× wages
Residential permits
Census BPS
FEMA risk score
46.2
HUD Fair Market Rent (2BR):$1.5k/mo · 2026
TOP PERILS · FEMA NRI
Wildfire 91Drought 83Hail 72
FHFA HOUSE PRICE INDEX · 2016–2025
108
2016
146
2017
137
2018
139
2019
153
2020
158
2021
203
2022
198
2023
232
2024
226
2025

Transport access

BTS · FAA · USACE
Nearest interstate
40.6 km
I-40
Nearest freight rail
0.2 km
BNSF
Nearest port
932.8 km
CATOOSA FERTILIZER CO DOCKS
Nearest commercial airport
82.1 km
ALBUQUERQUE INTL SUNPORT
Wage trend
BLS QCEW · 2019–2023
$50.4k
avg. annual pay · +40% since 2019
Similar US counties
nearest by GDP
Jackson$881.0MLincoln$880.5MCuster$882.3MDeKalb$882.9MRamsey$883.0MNicholas$883.2M
The read

Torrance's economy produced $881.3M in 2024, growing 8.0% year over year — faster than most US counties. Its largest employment sector is retail trade.

GDP: BEA (2024), USD-normalized · Jobs/employers/wages & industry mix: Census CBP (2023) · Population & migration: Census PEP · Income: BEA CAINC1 · Companies: SEC EDGAR + FMP, by HQ.
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