Cost of Living in Milpitas, CA
Population: 78,216 • 2026 Data
$176,822
Median Household Income
+128% vs national
$3,112
Median Monthly Rent
+131% vs national
$1,180,000
Median Home Value
+248% vs national
4.1%
Unemployment Rate
Housing in Milpitas
The median home value in Milpitas, CA is $1,180,000. Monthly rent for a typical unit averages $3,112, while total monthly housing costs (including utilities and insurance) average $3,157.
Rent-to-income ratio: 21.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Milpitas, CA is $176,822. The unemployment rate stands at 4.1%, with a labor force of 43,843 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.