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Cost of Living in Burbank

Is it better to rent or buy in Burbank? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$81,971
$1,293/mo

Median in area: $1,293

$277,517

Median in area: $277,517

$55,503

If you Rent

🔑
$1,543 /mo
Base Rent$1,293
Est. Utilities$250
% of Income22.6%
Pre-tax Residual$5,288

If you Buy

🏠
$2,299 /mo
P&I (6.975%)$1,473
Taxes & Ins$576
Est. Utilities$250
% of Income33.7%
Pre-tax Residual$4,532

Cost of Living FAQs

Is it cheaper to rent or buy in Burbank?›

Based on median housing data, renting is currently more affordable on a monthly basis in Burbank. The estimated all-in monthly cost for renting is $1,543, while owning a median-priced home with a 20% down payment is roughly $2,299 per month (a difference of $756).

How much do utilities cost in Burbank?›

The average monthly utility cost (electricity and natural gas) for a typical home in Burbank is approximately $250. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Burbank?›

To comfortably afford the median rent and utilities in Burbank without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $61,720 per year.