Housing costs in Burbank?
A typical home costs
$1,036,000, which is 206.4% more expensive than the national average of
$338,100 and 41.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Burbank costs
$2,440 per month, which is 13.5% more than the national average of
$2,150 and 5.7% more than the state average of
$2,300.
Can I afford Burbank?
To live comfortably in Burbank (zip 91506), California, a minimum annual income of
$198,360 for a family, and
$76,800 for a single person is recommended.
What does A.I. say about Burbank?
The cost of living in 91506 Burbank, CA is significantly higher than the national average. According to BestPlaces's Cost of Living Index, the overall cost of living index in 91506 is 135.47 which is 35.47% higher than the US average. All individual indices for groceries, healthcare, housing, transportation and utilities are all higher than the national averages. The median home price in 91506 was $766,000 in 2020 with a median rent of $2,400 for a one bedroom apartment; both well above nationwide averages. In addition to high housing costs, areas around 91506 have been known to have high restaurant and grocery prices due to their popularity among tourists and Hollywood elites alike.