Quick facts: Burbank, CA

Quick Facts

127.6
Cost of Living
above US average
103,920
Population
27.04
Crime Rate per 1000
above US average
$91,455
Median Income
above US average
$1,250,000
Median House Price
above US average
$3141.02
Average Rent
above US average
11%
Poverty Rate
above US average
7.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $91,455.

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Income Needed to Buy

βœ— Stretch
$392k/year
Based on $1,250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $392k vs median $91,455
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Income Needed to Rent

⚠ Stretch
$135k/year
Based on $3141.02/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $135k vs median $91,455
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Burbank, CA

Burbank, California, located in Los Angeles County, is a vibrant city known for its rich entertainment history and close proximity to Hollywood. With a population of around 100,000, Burbank is characterized by its family-friendly atmosphere, excellent schools, and diverse community. The city is home to major studios like Warner Bros., Disney, and NBC, making it a key player in the television and film industries. Burbank boasts a variety of parks and recreational facilities, with popular spots including Griffith Park and Johnny Carson Park, providing ample outdoor activities for residents. The downtown area features a mix of shopping, dining, and entertainment options, with the Burbank Town Center serving as a retail hub. Culturally, Burbank offers attractions like the Bob Hope Airport, several annual events, and a thriving arts scene with galleries and theaters. The city is well-connected through public transportation, making it easy to access the greater Los Angeles area. Overall, Burbank combines a small-town feel with the excitement of the entertainment capital, making it an attractive place to live and visit.

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