Milpitas, CA is a vibrant city located in the San Francisco Bay Area. It is home to many tech companies and popular attractions such as Great Mall of the Bay Area and Aqua Adventure Waterpark. The cost of living in Milpitas is slightly higher than other cities in the area, with a 2 bedroom rent for $2,900 compared to the US average of $1,430 and a Grocery Cost Index of 113 compared to the US average of 100. Despite the higher costs, Milpitas remains an attractive destination for its diverse culture and excellent job opportunities. It is also home to renowned businesses such as Cisco Systems Inc., Adaptec Inc., Lam Research Corporation, Seagate Technology LLC, NetApp Inc., and SolarCity Corporation. With its many attractions and burgeoning economy, Milpitas is an ideal spot for anyone looking for an exciting place to call home.
Milpitas has an unemployment rate of 5.3%. The US average is 6.0%.
Milpitas 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
- The Sales Tax Rate for Milpitas is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Milpitas 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
- The average income of a Milpitas resident is $34,237 a year. The US average is $28,555 a year.
- The Median household income of a Milpitas resident is $149,312 a year. The US average is $69,021 a year.