The cost of living index in Burbank, IL, shows a slight variation from the nationwide average of 100. Housing costs are 95% of the national average, indicating a modest saving for residents. Groceries, utilities, transportation, and miscellaneous expenses also hover around 92% to 98% of the national average, making Burbank a relatively affordable place to live.
The cost of living index in Burbank, IL, offers a detailed look at how expenses compare to the nationwide average. Housing costs in Burbank stand at 95, which is 5% below the national average. This means that, on average, residents can expect to pay less for housing compared to the rest of the country. Groceries in Burbank are slightly above the national average, with an index of 98, indicating a 2% increase. This suggests that while groceries are affordable, they are not as cheap as in some other areas.
Utilities in Burbank have an index of 92, which is 8% below the national average. This presents a significant saving for residents when it comes to utilities. Transportation costs are close to the national average, with an index of 97, showing a minimal 3% increase. Healthcare costs in Burbank match the national average at 100, meaning there is no difference in this expense. Lastly, miscellaneous costs have an index of 96, which is 4% lower than the national average. Overall, Burbank offers a cost of living that is slightly lower than the national average, making it an attractive option for budget-conscious individuals.