Housing costs in Burbank?
A typical home costs
$1,081,300, which is 219.8% more expensive than the national average of
$338,100 and 47.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Burbank costs
$2,730 per month, which is 27.0% more than the national average of
$2,150 and 15.8% more than the state average of
$2,300.
Can I afford Burbank?
To live comfortably in Burbank (zip 91504), California, a minimum annual income of
$207,360 for a family, and
$86,000 for a single person is recommended.
What does A.I. say about Burbank?
The cost of living in 91504 Burbank, CA is relatively high compared to other areas of the United States. According to bestplaces.net, the total cost of living index for Burbank is 163.1, which is 63% higher than the US average. Housing costs in Burbank can be especially expensive; with a median home value of $625,000 and a median rent of $2,350 per month, residents need to have a steady and reliable income in order to afford living in this city. Groceries and transportation tend to cost more here as well; while utilities are slightly below the national average. All these factors contribute to an overall high cost of living in 91504 Burbank.