Housing costs in Milpitas?
A typical home costs
$1,242,900, which is 267.6% more expensive than the national average of
$338,100 and 69.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Milpitas costs
$2,900 per month, which is 102.8% more than the national average of
$1,430 and 25.9% more than the state average of
$2,150.
Can I afford Milpitas?
To live comfortably in Milpitas, California, a minimum annual income of
$238,320 for a family, and
$99,200 for a single person is recommended.
What does A.I. say about Milpitas?
Milpitas, California has a cost of living index rating slightly higher than that if the nation at 105 due largely to its relatively high housing costs making up 47% - well above the national average of 42%. Utility costs are also relatively high owing most likely to its warm climate and power sources like coal or nuclear energy. However when looked at closely these figures give a more nuanced perspective because it represents an overall moderate cost of living compared with almost anywhere else in America while still providing citizens with access to city amenities such as recreational facilities, educational institutes and cultural centers. Transportation makes up 12 percent, groceries 10%, healthcare 9% contributing further towards higher living expenses for those who choose this place as their home.