Cost of Living in Burbank, CA
Housing
The housing market plays a significant role in determining the cost of living in Burbank, CA.
- Housing Index: 136.2 / 100
- Median Home Price is: $947,000
- Average Rent (2 BR Apartment): $2572 per month
- Average Rent (2 BR House): $2796 per month
Considering the data for Burbank, CA, the housing index stands at 136.2, indicating a higher cost of living compared to national averages. With a median home price of 947000, potential homeowners will need to prepare for significant investments. Additionally, average rents for two-bedroom options are notably high, at 2572 for an apartment and 2796 for a house. These figures suggest that housing costs demand careful budgeting and may deter some renters or buyers. Look at reasons aside from price, like local amenities and job market trends, before making your move.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Burbank, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $258 per month
Living in Burbank, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $258 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Burbank is a financially viable option for your relocation.