Milpitas, California (95035) is a vibrant suburb of San Jose known for its diverse population and thriving local economy. The average two bedroom rent in Milpitas is $2,780 per month, which is slightly higher than the nationwide average of $1,430. In addition to housing costs, the Grocery Cost Index in Milpitas is 113 versus 100 in the US.
The city of Milpitas offers an array of business and activities for its residents to enjoy. The tech giant Cisco Systems has a major presence here along with Okta, Dell EMC and Flex that provide employment opportunities for locals. Other prominent companies include SanDisk and Maxtor Corporation. There are also numerous restaurants located throughout the city including Thai Spice Restaurant, India Garden Cuisine, B & J's Sports Bar and Grill, Greek Islands Cuisine and Los Moles Mexican Restaurant.
Milpitas (zip 95035) has an unemployment rate of 5.3%. The US average is 6.0%.
Milpitas (zip 95035) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 39.0%, which is higher than the US average of 33.5%.
Tax Rates for Milpitas (zip 95035)
- The Sales Tax Rate for Milpitas (zip 95035) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Milpitas (zip 95035) is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Milpitas (zip 95035)
- The average income of a Milpitas (zip 95035) resident is $34,214 a year. The US average is $28,555 a year.
- The Median household income of a Milpitas (zip 95035) resident is $149,223 a year. The US average is $69,021 a year.