Housing costs in Burbank?
A typical home costs
$1,091,000, which is 222.7% more expensive than the national average of
$338,100 and 48.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Burbank costs
$2,550 per month, which is 18.6% more than the national average of
$2,150 and 9.8% more than the state average of
$2,300.
Can I afford Burbank?
To live comfortably in Burbank (zip 91501), California, a minimum annual income of
$209,160 for a family, and
$80,400 for a single person is recommended.
What does A.I. say about Burbank?
The cost of living in 91501 Burbank, CA is quite high compared to other areas in the United States. The median home value is around $595,400 while the average rent for a one-bedroom apartment is around $2,000 per month. Prices for groceries, utilities, and healthcare are also above average, making it difficult for residents to stretch their budgets. Nonetheless, the city boasts a wide array of attractive features including close proximity to Hollywood attractions and Los Angeles’s exciting nightlife. Despite the higher than average cost of living in 91501 Burbank, many people find it worth the expense due to its unique urban charm and cultural offerings.