Cost of Living Comparison for Reno, NV
Updated 2026 · Local data pre-filled
Reno's cost of living index is 112 — 12% more expensive than the national average. This factors in housing, groceries, utilities, transportation, and healthcare. Use this calculator to see how your purchasing power would change if you moved to another city.
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How Reno Compares to the National Average
Understanding how Reno stacks up helps you calibrate your financial planning.
| Metric | Reno, NV | US Average | Difference |
|---|---|---|---|
| Median Home Price | $465,000 | $420,800 | +10.5% |
| Median Monthly Rent | $1,294 | $1,713 | -24.5% |
| Median Household Income | $67,400 | $74,580 | -9.6% |
| Property Tax Rate | 0.60% | 1.10% | -45.5% |
| Cost of Living Index | 112 | 100 | +12.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Reno Financial Snapshot
- Population (Metro)
- 490,000
- Unemployment
- 4.6%
- Avg Commute
- 22 min
- Median Age
- 36.9
- Price-to-Rent Ratio
- 29.9x
- Annual Property Tax
- $2,790
Cost of Living Comparison in Other Nevada Cities
Frequently Asked Questions — Reno
What is the median home price in Reno, NV?
The median home price in Reno is $465,000 as of 2025–2026. This is above the national median of $420,800.
What is the average rent in Reno?
Median monthly rent in Reno is $1,294. That works out to $15,528/year, or 23% of the median household income — within the commonly recommended 30% of income guideline.
Is Reno affordable?
Reno's cost of living index is 112 vs. the national average of 100. With a median household income of $67,400/year and a median home price of $465,000, the price-to-income ratio is 6.9x. This makes homeownership a significant stretch for the typical Reno household.
What is the property tax rate in Reno?
The effective property tax rate in Reno is 0.60% of assessed value. On the median home of $465,000, that's roughly $2,790/year ($233/month).