01 - Taxes
Retirement Tax Treatment
California taxes most retirement income but leaves Social Security benefits untouched, and carries a state sales tax of about 7.25%.
Source · Tax Foundation
8
7
Fact text
- Burbank is nicknamed the 'Media Capital of the World,' housing Warner Bros., Disney, Nickelodeon, Cartoon Network, and The CW all in one city.
- Johnny Carson and Rowan & Martin's Laugh-In both joked about 'Beautiful Downtown Burbank' so often it became a running gag heard nationwide.
- The city's founder wasn't a rancher by trade, David Burbank was actually a dentist who quit pulling teeth to raise sheep instead.
- Lockheed's top-secret Skunk Works lab, which built the legendary U-2 spy plane, was tucked right at Burbank's Hollywood Burbank Airport.
- Burbank is home to the largest IKEA in the entire United States, so yes, it takes even longer to find the exit.
Your
Burbank
Retirement Outlook — in 90 seconds
Hosted by Michael McMillan, President of Annuities.net
Every figure mentioned is drawn from the same sourced public data shown below — and the video updates as the data does.
103,411
+
Total Population
$
79,212
Median Income
$
790,300
Median Home
16
%
Age 65+
Retirement Suitability
How
Burbank
ranks for retirees?
27
/ 100
A blended, sourced view of how this city ranks for retirees across tax, affordability, healthcare, and climate.
Tax
8
Affordability
2
Healthcare
36
Climate
89
Results
Burbank
Suitability Breakdown
02 - Income
Annuity Rates Available Here
Fixed annuity rates reach up to
7
% on 5-year terms, with most landing between
5
% and
5
%.
Source · Cannex
2
03 - Healthcare
Hospital Access & Quality
The area has
72
Medicare-certified hospitals, averaging a
3
/5 CMS quality rating.
Source · CMS Hospital Compare
3
04 - Climate
Weather & Comfort
A
Mild
climate — summers peak near
85
°F, winters dip to about
42
°F, with roughly
0
″ of snow a year.
Source · NOAA Climate Normals
Mild
05 - Risk
Natural Disaster Risk
FEMA's overall natural-disaster risk rating for this county on the National Risk Index.
Source · FEMA National Risk Index
Very High
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Frequently Asked Questions
Does California tax my Social Security or pension income in retirement?
California does not tax Social Security benefits, which is a meaningful break for retirees. Pension income treatment varies depending on the source, so it is worth verifying your specific situation with a tax professional. The state sales tax runs about 7.25%, which factors into everyday cost of living for Burbank retirees.
How expensive is housing in Burbank for someone thinking about retiring there?
The median home value in Burbank is $790,300, which reflects the broader Southern California market and is a significant consideration for retirement planning. Understanding whether your housing costs are fixed or variable matters greatly when building a retirement income strategy on a median household income around $79,212.
What is the natural-disaster risk like in Burbank, and why does it matter for retirement planning?
FEMA rates Burbank’s county as Very High overall on its National Risk Index, meaning wildfires, earthquakes, and other hazards pose real long-term exposure. For retirees on fixed incomes, this risk can affect homeowners insurance costs and emergency preparedness budgets, making stable guaranteed income sources especially relevant to consider.
What kind of healthcare access can retirees expect in the Burbank area?
Burbank is served by 72 Medicare-certified hospitals, giving retirees a wide range of options for care. However, those hospitals average 3.01 out of 5 CMS quality stars, which is roughly middle of the road nationally. Quantity of access is strong, but quality ratings suggest it is worth researching specific facilities.
Why might a guaranteed annuity make sense for covering expenses in Burbank?
Burbank sits in a county FEMA rates as Very High for natural-disaster risk, which makes predictable, guaranteed income especially valuable for covering essential expenses that don’t pause after a wildfire or earthquake. A multi-year guaranteed annuity locks in a fixed interest rate for a set term, so you know exactly what your account will earn regardless of market swings. California taxes most retirement income, though Social Security is exempt. Because guaranteed annuity rates shift frequently, check our current annuity rates page for today’s figures.