Quick facts: Burlington, IA

Quick Facts

96.6
Cost of Living
below US average
23,611
Population
42.56
Crime Rate per 1000
above US average
$51,628
Median Income
below US average
$109,000
Median House Price
above US average
$961.15
Average Rent
below US average
14%
Poverty Rate
above US average
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $51,628.

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Income Needed to Buy

βœ“ Affordable
$34k/year
Based on $109,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($51,628) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$41k/year
Based on $961.15/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($51,628) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Burlington, IA

Burlington, Iowa, situated along the banks of the Mississippi River, is a charming city known for its rich history and vibrant community. With a population of around 25,000 residents, Burlington boasts a mix of small-town charm and urban amenities. The city is home to notable attractions such as the historic downtown area featuring unique shops, art galleries, and local eateries. Nature enthusiasts can enjoy the scenic beauty of the region with parks like Crapo Park, which offers trails, picnic areas, and stunning views of the river. The nearby Flint River offers opportunities for fishing and kayaking, making it a favorite for outdoor activities. Burlington has a rich railroad history, highlighted by the Burlington Northern Railroad, contributing to its economic development. The city hosts various cultural events throughout the year, including music festivals and art shows, fostering a strong sense of community. Education is supported by several public and private schools, as well as a community college. Overall, Burlington offers a welcoming atmosphere, blending historical significance with modern living, making it a great place to visit or call home.

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