Housing costs in Burbank?
A typical home costs
$351,800, which is 4.1% more expensive than the national average of
$338,100 and 13.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Burbank costs
$870 per month, which is 39.2% more than the national average of
$1,430 and 42.5% more than the state average of
$1,240.
Can I afford Burbank?
To live comfortably in Burbank, Minnesota, a minimum annual income of
$67,320 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Burbank?
The cost of living in Burbank, MN is very reasonable. Housing prices are affordable and maintain steady growth, with the median home price around $170,000. The cost of groceries and other goods are slightly higher than the national average, but overall costs remain lower than most major cities in the region. There is no local sales tax on items purchased in Burbank, so shoppers can enjoy a sizable savings compared to other nearby towns. With its low unemployment rate and thriving economy, Burbank offers a great value for those looking to purchase property or relocate to the area.