Torrance has the 140th largest population in the United States. The population grew by 2.1% from 2010 to 2015, which was faster than the national average. Torrance is part of the Los Angeles metro area. Unemployment in the Los Angeles area is 4%, which is lower than the national average, and is getting better. Los Angeles has the 2nd largest local economy in the US, and a high cost of living. The average pay for jobs in Torrance is above average at $53,870, and the median cost of a home in Torrance is $622,800, which is above the national average. 45% of workers in Torrance hold a bachelors degree or higher (above average), and 93% of workers have a high school degree (above average). Driving to work is especially common in Torrance. 72% of Torrance workers drive to work alone, 7% take public transit, 10% carpool, and 9% walk. People in Torrance spend an average of 26 minutes commuting to work, which is shorter than the national average of 26 minutes.