States › Illinois › Burbank

Is Burbank, IL expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7932% higher than U.S. average
💵 Families earn per year (2026)$86,405about $7,200/month · 1% lower than U.S. average
🔑 House price$275,70017% lower than U.S. average

Rent is higher than in 57% of U.S. cities. A typical house costs about 3.2 years of household income. Commutes are long, about 31.3 minutes each way. Most homes (80.9%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $71,720 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Illinois cities?

No. Rent here is more expensive than in most of Illinois. It is number 229 of 334 cities from cheapest to most expensive.

Burbank
$1,793
$1,280
$1,701
$1,184

How much do households earn in Burbank?

Under $25k
13.4%
$25k–50k
22.1%
$50k–100k
33.2%
$100k–150k
18.8%
$150k+
9.3%

Share of households by yearly income. 28.2% of households earn $100,000 or more.

Rent by apartment size in Burbank

SizeBurbankU.S. average
Studio$1,452$1,338
1 bedroom$1,145$1,324
2 bedrooms$1,375$1,509
3 bedrooms$1,814$1,698
4 bedrooms$1,521$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Burbank overall?

Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
94
Goods (food, clothes…)
104
Utilities
85
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Burbank, so the Illinois figure is shown.

Taxes and bills in Burbank

🏛️ Property tax$5,992a year · 2.17% of home value · U.S. $3,119
⚡ Electric bill$109a month (typical) · U.S. $156

Life in Burbank

Commute to work31.3 minU.S.: 26.4 min
College degree15.6%U.S.: 35.7%
Own their home80.9%U.S.: 65.2%
Below poverty line12.9%U.S.: 12.5%
Unemployment7.1%U.S.: 5.2%

Is it cheaper to rent or buy in Burbank?

Renting is cheaper right now: about $120 a month less.

Renting
$1,793
Owning
$1,913

Owning assumes a typical $275,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $27,570 for the down payment.

Frequently asked questions

What is the average rent in Burbank, IL?

Renting in Burbank costs a median of about $1,793 a month in 2026, including utilities. The Illinois median is $1,517.

How much do I need to make to live in Burbank?

To keep rent under 30% of income, you need about $71,720 a year, or $34 an hour at a full-time job.

Is Burbank cheap or expensive?

Burbank is rated OK: rent takes 24.9% of the typical household income of $86,405. It ranks 229th cheapest of 334 Illinois cities we track.

How much are property taxes in Burbank?

The median homeowner in Burbank pays $5,992 a year in property taxes, about 2.17% of the median home value.

Is Burbank more expensive than the national average?

Overall prices in Illinois are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Burbank?

The median home value in Burbank is $275,700, about 3.2 times the typical yearly household income.

28,739 people live in Burbank. Numbers are typical (middle) values.