Cost of Living in Milpitas, CA
Housing
The housing market plays a significant role in determining the cost of living in Milpitas, CA.
- Housing Index: 150.0 / 100
- Median Home Price is: $1140000
- Average Rent (2 BR Apartment): $3200 per month
- Average Rent (2 BR House): $3400 per month
When considering a move to Milpitas, CA, the housing index sits at a significant 150.0, reflecting a competitive market. With a median home price of 1140000, ownership can be a hefty investment. Renting a 2-bedroom apartment averages 3200, while a 2-bedroom house typically costs around 3400. Higher living costs may be balanced by local amenities and job opportunities. Remember, local market trends can fluctuate, so it’s wise to keep a pulse on both rental prices and home values as you make your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Milpitas, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $280 per month
Living in Milpitas, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $280 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Milpitas is a financially viable option for your relocation.