Burbank, CA is a modern city located in the San Fernando Valley that has become increasingly popular for its diverse array of businesses and entertainment options. Companies such as Warner Bros., NBC Universal and The Walt Disney Company have their headquarters here. It is also known as a great place for media professionals to live and work, as well as other young professionals looking for an exciting city life.
The cost of living in Burbank, CA is generally higher than the rest of the United States. The average 2 bedroom rent is $2,680 compared to the US average of $1,430. Grocery items are also more expensive with a grocery cost index at 105 versus 100 in the United States. Despite being more expensive than other parts of the country, Burbank remains an attractive option due to its wealth of job opportunities and high quality of life.
Burbank has an unemployment rate of 11.3%. The US average is 6.0%.
Burbank has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Burbank
- The Sales Tax Rate for Burbank is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Burbank is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Burbank
- The average income of a Burbank resident is $33,882 a year. The US average is $28,555 a year.
- The Median household income of a Burbank resident is $82,246 a year. The US average is $69,021 a year.