Cost of living in Burbank research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Burbank is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Burbank is 166, with 100 being the average.
The cost of living index in Burbank is 1.7x higher than the national average.
Burbank ranks as the #488 cheapest in California out of 635.
Burbank ranks as the #6,083 cheapest out of 6,412 in the US.
The median home value in Burbank is $837,900.
The median income in Burbank is $82,246.
According to the most recent data on the cost of living, Burbank has an overall cost of living index of 166, which is 1.7x higher than the national index of 100.
Compared to California, Burbank has a cost of living index that's 1.2x higher than California's index of 139.
The standard of living in Burbank ranks as #488 most affordable out of the 635 places we measured in California. By definition, that implies Burbank ranks as the #147 most expensive place in the Golden State.
For more reading on life in Burbank, check out:
Six factors go into calculating the cost of living index in Burbank. Here is how it fairs on each of the criteria:
The Services index in Burbank is 117.
The Groceries index in Burbank is 116.
The Health index in Burbank is 113.
The Housing index in Burbank is 275.
The Transportation index in Burbank is 134.
The Utilities index in Burbank is 108.
|Living Expense||Burbank||California||National Average|
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Burbank is $837,900.
The Median Rent in Burbank is $1,859.
The Median Income in Burbank is $82,246.
The Home Value To Income in Burbank is 10.2x.
The Rent To Monthly Income in Burbank is 0.27x.
|Median Home Value||$837,900||$573,200||$244,900|
|Home Value To Income||10.2x||6.8x||3.5x|
|Rent To Monthly Income||0.27x||0.24x||0.2x|