| Index | Burbank | Illinois | National |
| Cost of living | 105 | 98 | 100 |
| Groceries | 101 | 100 | 100 |
| Health care | 101 | 100 | 100 |
| Housing | 114 | 95 | 100 |
| Transportation | 105 | 101 | 100 |
| Utilities | 98 | 99 | 100 |
| Lifestyle & Entertainment | 102 | 100 | 100 |
| Household Items | 101 | 100 | 100 |
| Education & Childcare | 95 | 100 | 100 |
The cost of living in Burbank affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Burbank is 105, which is 5% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Burbank is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
Is Burbank an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Burbank, the median home price is 13.8% higher than what most folks pay across the country, and monthly rent prices are 15.3% higher than the usual rates. Income levels in Burbank come in at $104,226, which is 28.1% higher than the national average.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Burbank, the transportation index is 4.6% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Burbank, healthcare costs are 0.9% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Burbank, the groceries index is 1.2% higher than the national average.
The cost of living estimates displayed for Burbank are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $113,850 | $9,488 | $2,656 | $3,416 |
| Renters | $67,196 | $5,600 | $1,568 | $2,016 |
| State | General Sales Tax | With Max Surtax |
| Illinois | 6.25% | 10.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Illinois | 4.95% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Hodgkins, IL | 1,817 | 83 | 16.9% |
| Phoenix, IL | 1,450 | 85 | 14.6% |
| Dixmoor, IL | 3,663 | 87 | 12.6% |
| Harvey, IL | 24,931 | 87 | 13.2% |
| Hometown, IL | 4,350 | 89 | 11.2% |
| Burbank, IL | 29,451 | 105 | 4.7% |
| City | Population | Cost of Living Index | National Avg. |
| East Haven, CT | 29,456 | 114 | 14.2% |
| Mehlville, MO | 29,470 | 94 | 5.7% |
| Lake in the Hills, IL | 29,485 | 111 | 11.2% |
| Monterey, CA | 29,410 | 192 | 92.0% |
| Jacksonville, AR | 29,495 | 89 | 11.0% |
| Burbank, IL | 29,451 | 105 | 4.7% |
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