Cost of living, simply put, is the amount of money necessary to pay for an individual’s basic expenses in a particular location and time period. This includes housing, food, transportation, healthcare, and miscellaneous expenses.
Learning about the cost of living indexes is particularly helpful if you are considering relocating to a different city, state, or county. This can help you assess if your plans of moving would be beneficial for you and your family given your projected income.
This article enumerates Milpitas cost of living – helpful information in determining the affordability of living in this location compared to a person’s current place of residence.
Overall Cost of Living in Milpitas, CA
Milpitas, CA is an affluent community in Silicon Valley, and this is reflected in the overall cost of living of the city, at 216.7. This index means that the cost of living in Milpitas is more than double that of the national average.
The table below shows that the overall cost of living in Milpitas, CA is higher than Los Angeles and the state of California.
|Cost of Living||Milpitas||Los Angeles||California|
Here, you’ll also see that the cost of housing in Milpitas is the highest expense, at 444.1. Below are other expenses that are higher than the national average:
Let’s take a look at these expenses in more detail.
Housing Costs in Milpitas, CA
In terms of housing cost of living, Milpitas, CA is the highest not only in California but also in the whole of the United States. As of 2021, the average cost of a single-family home in this city is $1,191,820, and having a reliable realtor by your side is essential to get the best deal from your real estate transaction.
In this part of Silicon Valley, 64.4% of the residents are homeowners, while approximately 35.6% rent. The average one-bedroom apartment cost is approximately $1,242 per month.
Average Rent in Milpitas, CA
|Monthly Rent in Milpitas, CA||Average Cost|
|1-bedroom Apartment in City Center||$ 1242|
|1-bedroom Apartment Outside of Center||$ 999|
|3-bedroom Apartment in City Center||$ 2228|
|3-bedroom Apartment Outside of Center||$ 1777|
|Price per Square Meter to Buy an Apartment in City Center||$ 4575|
|Price per Square Meter to Buy an Apartment Outside of Center||$ 2538|
The Cost of Utilities in Milpitas, CA
|Utilities in Conroe, TX||Average Cost|
|Utility Bill for 1 person (electricity, heating, water, etc.)||$107|
|Utility Bill for a Family (electricity, heating, water, etc.)||$164|
|Internet plan for 1 month (50 Mbps+, unlimited)||$66.8|
Food and Grocery Expenses in Milpitas, CA
Cost of Dining Out
|Lunch at an Inexpensive Restaurant||$15.00|
|Dinner for Two at a Mid-Range Restaurant||$58.8|
|Beer in a Pub||$4.99|
|Milk (1 liter)||Loaf of Fresh White Bread (500g)||Eggs (regular, 12)||Rice (white, 1kg)||Local Cheese (1kg)||Apples (1kg)||Banana (1kg)||Oranges (1kg)||Tomato (1kg)||Potato (1kg)||Onion (1kg)||Water (1-liter bottle)||Bottle of Wine (Mid-Range, 750ml bottle)||Beer (0.5-liter bottle)|
Health Care Costs in Milpitas, CA
For a single adult living in Milpitas, CA, health care costs total $4,121 annually, on average. This is higher compared to an average of $3,711 across California but lower relative to the national average of $4,266.
|Visit to a Medical Professional||Average Cost|
Transportation Expenses in Milpitas, CA
In Milpitas, 90.30% of residents drive to work, with around 80.80% of workers commuting to jobs outside of the city. The average commute in Milpitas is 28.2 minutes long, slightly higher compared to the 26.6-minute average commute nationwide. Considering the cost of gas, public transit, and car maintenance, the EPI estimates that residents spend around $10,364 every year on transportation. This is higher compared to the national average of $9,760.
|Transportation in Milpitas, CA||Average Cost|
|Local Transport Ticket||$2.18|
|Monthly Ticket Local Transport||$56.7|
|Taxi Ride (8 km / 5 miles)||$16.8|
|Gas / Petroleum (1 liter / 0.26 gallon)||$1.25|
Cost of Miscellaneous Expenses in Milpitas, CA
|Miscellaneous Expenses||Average Cost|
|Gym Membership (1 month)||$38.3|
|Cinema Ticket (1 person)||$11.4|
|Daycare or Preschool (1 month)||$960|
|International Primary School (1 year)||$13260|
Other Milpitas Facts You Might Want to Know
Milpitas is a progressive city located in the Silicon Valley area of Santa Clara County, CA. Its central location allows easy access to nearby cities, such as San Jose and Fremont, as well as to pristine natural areas like the Milpitas Hills and several creeks.
Frequently Asked Questions
The bulk of expenses are housing and transportation, followed by groceries.
The estimated total monthly costs for a person to live comfortably in Milpitas, CA is $1945, including rent. Without rent, the total costs amount to $723.
Miscellaneous costs are estimated at 104.6, 4.6% higher than the national average.
Housing and transportation expenses are quite high in Milpitas. Housing costs alone is more than 300% higher than that of the nation’s average. Transportation costs are almost 50% higher than the national average.
Knowing the high cost of living in Milpitas, CA is helpful for anyone who is considering moving to this location. Along with this, you must also check if the expected monthly income after the relocation will be enough for you to be able to live comfortably before you make your decision.
How does the cost of living in Milpitas compare to other cities in California, compared to other states, and compared to other countries?
The cost of living in Milpitas is quite high relative to other cities and states in the U.S. It’s 66% higher than that of the state of California and more than double than that of the country. Given this, it is safe to say that the cost of living in this city is also relatively higher compared to other countries.
SmartAsset.com is one of the most reliable online resources if you’d like to analyze the cost of living in Milpitas vs, Coimbatore, Milpitas vs, Phoenix cost of living, and other locations. There are many ways you can use this online cost of living calculator, Raleigh, NC to Milpitas, CA comparison is one of them.
For a household of four, the estimated monthly budget is $4458, including rent.
The median home cost in Milpitas, CA is $1,273,300.
A 1-bedroom apartment costs $1242 on average.
Overall, Milpitas has a COL index of 216.7, so expenses here are double that of the national average.
If you are considering relocating to Milpitas, CA, I hope that the information provided in this article has helped you assess if the potential move will be beneficial for you. And if you are planning to buy your new home in this city, feel free to get in touch with me and I will be more than happy to help you find the perfect home for you, based on your lifestyle, personal preferences, and budget. Give me a call today at (408) 946-2100 or send me an email at firstname.lastname@example.org if you have any questions or if you would like to schedule an appointment.