Burbank, IL Cost Of Living
Cost Of Living In Burbank, IL Summary
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 Illinois, 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 106, with 100 being the average.
The cost of living index in Burbank is 1.1x higher than the national average.
Burbank ranks as the #216 cheapest in Illinois out of 338.
Burbank ranks as the #3,772 cheapest out of 6,412 in the US.
The median home value in Burbank is $215,800.
The median income in Burbank is $73,466.
Table Of Contents
Burbank's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Burbank, IL?
According to the most recent data on the cost of living, Burbank has an overall cost of living index of 106, which is 1.1x higher than the national index of 100.
Compared to Illinois, Burbank has a cost of living index that's 1.2x higher than Illinois's index of 92.
The standard of living in Burbank ranks as #216 most affordable out of the 338 places we measured in Illinois. By definition, that implies Burbank ranks as the #122 most expensive place in the Prairie State.
For more reading on life in Burbank, check out:
- Living In Burbank
- Burbank Crime Report
- Search Homes For Sale In Burbank, IL
In Illinois
In America
Burbank Cost Of Living Vs. Illinois
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 114.
The Groceries index in Burbank is 109.
The Health index in Burbank is 100.
The Housing index in Burbank is 99.
The Transportation index in Burbank is 115.
The Utilities index in Burbank is 94.
| Living Expense | Burbank | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 106 | 92 | 100 | |
| Services | 114 | 95 | 100 | |
| Groceries | 109 | 98 | 100 | |
| Health | 100 | 96 | 100 | |
| Housing | 99 | 81 | 100 | |
| Transportation | 115 | 105 | 100 | |
| Utilities | 94 | 90 | 100 | |
Burbank, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, 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 $215,800.
The Median Rent in Burbank is $1,142.
The Median Income in Burbank is $73,466.
The Home Value To Income in Burbank is 2.9x.
The Rent To Monthly Income in Burbank is 0.19x.
| Statistic | Burbank | Illinois | United States |
|---|---|---|---|
| Median Home Value | $215,800 | $212,600 | $244,900 |
| Median Rent | $1,142 | $1,097 | $1,163 |
| Median Income | $73,466 | $72,563 | $69,021 |
| Home Value To Income | 2.9x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Burbank, IL Costs By Category
Detailed Burbank Services Costs Vs. Illinois
Detailed Burbank Groceries Costs Vs. Illinois
Detailed Burbank Health Costs Vs. Illinois
Detailed Burbank Transportation Costs Vs. Illinois
Detailed Burbank Utilities Costs Vs. Illinois
Burbank SnackAbility
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Cost Of Living In Cities Around Burbank
The cost of living varies in the cities and towns around Burbank. Here's a quick look at the cost of living in the most populous nearby places:
Oak Lawn, IL has a cost of living index of 106, 1.0x Burbank.
Wheaton, IL has a cost of living index of 118, 1.1x Burbank.
Elmhurst, IL has a cost of living index of 131, 1.2x Burbank.
| City | Population | Cost Of Living | Vs. Burbank |
|---|---|---|---|
| Oak Lawn, IL | 58,032 | 106 | 1.0x |
| Wheaton, IL | 53,762 | 118 | 1.1x |
| Elmhurst, IL | 45,661 | 131 | 1.2x |
| Park Ridge, IL | 39,562 | 131 | 1.2x |
| Glen Ellyn, IL | 28,506 | 132 | 1.2x |
| Lisle, IL | 23,982 | 117 | 1.1x |
| Darien, IL | 22,087 | 111 | 1.0x |
| Evergreen Park, IL | 19,884 | 104 | 1.0x |
| Hinsdale, IL | 17,148 | 193 | 1.8x |
| Bridgeview, IL | 16,883 | 106 | 1.0x |
