Burbank, MN is a small town located in the Midwest region of the United States. Despite its size, it is home to a number of companies, including the Burbank Farms Dairy Processing and Distribution Company and GTO Financial Solutions. The cost of living in Burbank is relatively low compared to other parts of the country. According to recent statistics, the average rent for a two-bedroom apartment is $870 while the corresponding national average stands at $1,430. Grocery prices are also more affordable in Burbank with an index score of 97 compared to 100 in the US. This makes Burbank an excellent place for people looking for greater savings on their living expenses.
Burbank has an unemployment rate of 4.9%. The US average is 6.0%.
Burbank has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Burbank
- The Sales Tax Rate for Burbank is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Burbank is 7.1%. 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 $30,256 a year. The US average is $28,555 a year.
- The Median household income of a Burbank resident is $88,750 a year. The US average is $69,021 a year.