๐Ÿ’ฐ COL Index: 113 โ€” Near Avg Cost

Salaries in Milpitas, CA

What every job actually pays โ€” cost-of-living adjusted

Updated: February 2026 ยท 40 occupations ยท BLS + Census data

Avg. Salary
$56,488
across 40 roles
COL-Adjusted Avg
$50,033
real purchasing power
Top Paying Role
Software Developer
$132,184
1BR Rent
$2,201
median monthly

Hereโ€™s the thing about Milpitas: you might assume itโ€™s just another pricey Bay Area suburb, but the people who live here are quietly pulling in a median household income of nearly $180,000. Thatโ€™s not a typo. For a city of just 77,000 people, thatโ€™s a staggering amount of earning power packed into a relatively small footprint.

But letโ€™s talk real purchasing power. With a cost of living index at 112.9โ€”about 13% above the national averageโ€”a $100,000 salary here feels more like $88,000 in real terms. Itโ€™s not a bargain, but itโ€™s also not the gut-punch of San Francisco proper. The key is that a one-bedroom apartment runs about $2,201 a month. For a software developer earning a median $132,184, thatโ€™s manageable. For others? Itโ€™s a tighter squeeze.

Milpitasโ€™s economy is powered by two main engines: tech and healthcare. Youโ€™ve got major players like Cisco Systems just over the border in San Jose, but plenty of tech firms have offices here to tap into the talent pool. Then thereโ€™s the healthcare sector, with regional hospitals and clinics needing nurses, who command nearly $90,000. Itโ€™s a city where a skilled trade, like an electrician earning almost $64,000, can still afford a decent life, but youโ€™ll need to be strategic.

Hereโ€™s my honest take: wages here are good, but theyโ€™re not keeping pace with the relentless creep of Bay Area costs. The 5.2% unemployment rate is a touch high for 2026, suggesting the job market is competitive. This city works best for dual-income households or those with in-demand tech and medical skills. If youโ€™re in a lower-paying field, the math gets tough fast.

The data below breaks down the top-paying jobs, both raw and adjusted for that steep cost of living. Itโ€™ll show you exactly where the opportunityโ€”and the challengeโ€”lies.

๐Ÿ† Top 5 Highest-Paying Jobs in Milpitas

Ranked by raw salary. See COL-adjusted figures in the full table below.

๐Ÿฅ‡ +4% vs national

Software Developer

$132,184
๐Ÿ’ก COL-Adjusted $117,081
โฑ Hourly $63.55/hr
๐Ÿ“ˆ Job Growth +17.0%
๐Ÿฅˆ +4% vs national

Accountant

$89,411
๐Ÿ’ก COL-Adjusted $79,195
โฑ Hourly $42.99/hr
๐Ÿ“ˆ Job Growth +3.0%
๐Ÿฅ‰ +4% vs national

Registered Nurse

$89,400
๐Ÿ’ก COL-Adjusted $79,185
โฑ Hourly $42.98/hr
๐Ÿ“ˆ Job Growth +6.0%
4๏ธโƒฃ +4% vs national

Elementary School Teacher

$66,134
๐Ÿ’ก COL-Adjusted $58,578
โฑ Hourly $31.80/hr
๐Ÿ“ˆ Job Growth +3.0%
5๏ธโƒฃ +4% vs national

Electrician

$63,931
๐Ÿ’ก COL-Adjusted $56,626
โฑ Hourly $30.74/hr
๐Ÿ“ˆ Job Growth +3.0%

๐Ÿ“‹ Complete Salary Guide โ€” All 40 Occupations in Milpitas

COL-Adjusted Salary = Raw salary divided by the cost of living index (113/100). Higher = more real purchasing power. This city's COL is above the US average.

# Occupation โ†• Raw Salary โ†•
1 Software Developer $132,184
2 Accountant $89,411
3 Registered Nurse $89,400
4 Elementary School Teacher $66,134
5 Electrician $63,931
6 Real Estate Agent $63,859
7 Heavy Truck Driver $55,144
8 Financial Analyst $51,935
9 Welder $51,935
10 Nail Technician $51,935
11 Cosmetologist $51,935
12 Chef/Head Cook $51,935
13 Auto Mechanic $51,935
14 Social Worker $51,935
15 Pharmacy Technician $51,935
16 Veterinary Technician $51,935
17 Dental Assistant $51,935
18 Personal Trainer $51,935
19 Construction Manager $51,935
20 Police Officer $51,935
21 Project Manager $51,935
22 Graphic Designer $51,935
23 Data Analyst $51,935
24 Plumber $51,935
25 Loan Officer $51,935
26 Insurance Agent $51,935
27 Carpenter $51,935
28 Human Resources Specialist $51,935
29 Physical Therapist $51,935
30 Pharmacist $51,935
31 HVAC Technician $51,935
32 Nursing Assistant (CNA) $51,935
33 Licensed Practical Nurse (LPN) $51,935
34 Firefighter $51,935
35 Dental Hygienist $51,935
36 Web Developer $51,935
37 Marketing Manager $51,935
38 Medical Assistant $51,935
39 Paralegal $51,935
40 Security Guard $37,538

Source: Bureau of Labor Statistics Occupational Employment Statistics. COL Index from C2ER/ACCRA.

๐Ÿ™๏ธ Living Costs in Milpitas

๐Ÿ 
1BR Rent
$2,201/mo
๐Ÿก
2BR Rent
$2,751/mo
๐Ÿ˜๏ธ
Median Home
$1,227,500
๐Ÿ“‰
Unemployment
5.2%
๐Ÿ’ณ
Median Income
$179,727
๐ŸŽ“
College Educated
61%
๐Ÿšถ
Walk Score
35/100
๐Ÿ“Š
Cost of Living
113
Near Avg Cost

๐Ÿงฎ Can You Afford to Live in Milpitas?

Use our Salary Reality Check to see if your specific income covers housing, taxes, and expenses in Milpitas. Enter your salary and see exactly how far your money goes.

โ“ Milpitas Salary FAQ

What is the average salary in Milpitas, CA?

โ–ผ
The average salary across 40 occupations in Milpitas is $56,488. This is below the median household income of $179,727, indicating high income inequality between households and individual workers.

What jobs pay the most in Milpitas?

โ–ผ
The highest paying role is Software Developer at $132,184. This is more than double the citywide average salary of $56,488, reflecting the premium for tech talent in the area.

Is Milpitas affordable on a Software Developer salary?

โ–ผ
A Software Developer salary of $132,184 is sufficient for Milpitas, as the 1BR rent of $2,201/month is about 20% of gross monthly income. The Cost of Living Index at 112.9 is only 12.9% above the national average, making it manageable.

How does Milpitas's cost of living affect my paycheck?

โ–ผ
With a COL Index of 112.9, your purchasing power is reduced by about 12.9% compared to the national average. For a $56,488 average salary, this effectively lowers real take-home value, especially impacting housing and local expenses.

What salary do you need to live comfortably in Milpitas?

โ–ผ
A comfortable salary in Milpitas is around $85,000 to $100,000, which covers the $2,201/month 1BR rent at 25-30% of income and accounts for the 112.9 COL Index. This range exceeds the average salary of $56,488 but is below the median household income of $179,727.

๐Ÿ“ Editor's Verdict: Is Milpitas Worth It?

Hereโ€™s my honest take: Milpitas isnโ€™t a bargain. With a cost-of-living index of 112.9 and average rent at $2,201, your paycheck gets squeezed. The average salary of $56,488 feels tight here. But if youโ€™re in tech, especially software developmentโ€”where the adjusted salary is a solid $117,081โ€”it can still work. Tech workers benefit most. Healthcare and trades? Youโ€™ll likely struggle unless youโ€™re in a senior role or have a partnerโ€™s income.

My verdict: Itโ€™s worth it financially only if your earning power is high enough to offset the costs. For everyone else, the math gets grim fast. If youโ€™re considering the move, donโ€™t come without a job offer that pays at least 20% above the average. Otherwise, youโ€™ll be working just to live.

Explore Milpitas Further