Santa Clara, CA (zip code 95053) is a great city for its affordable cost of living. The average two bedroom rent in this area is only $2,960 per month, much less than the US average of $1,430. Grocery costs are higher than the national index at 113 versus 100, but still affordably priced. Santa Clara is home to several large companies such as Intel Corporation, Applied Materials and NVIDIA Corporation that provide regional employment opportunities. With its lower rents and plentiful job opportunities, Santa Clara offers a high quality of life compared to other cities with a similarly low cost of living.