Cost of Living in Burbank, IL
Population: 28,822 • 2026 Data
$83,975
Median Household Income
+8% vs national
$1,241
Median Monthly Rent
-8% vs national
$258,900
Median Home Value
-24% vs national
7.7%
Unemployment Rate
Housing in Burbank
The median home value in Burbank, IL is $258,900. Monthly rent for a typical unit averages $1,241, while total monthly housing costs (including utilities and insurance) average $1,349.
Rent-to-income ratio: 17.7%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Burbank, IL is $83,975. The unemployment rate stands at 7.7%, with a labor force of 14,591 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.