Housing costs in Reno?
A typical home costs
$506,500, which is 49.8% more expensive than the national average of
$338,100 and 21.4% more expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$1,590 per month, which is 11.2% cheaper than the national average of
$1,430 and 8.8% more than the state average of
$1,450.
Can I afford Reno?
To live comfortably in Reno Nev Metro Area, Nevada, a minimum annual income of
$97,200 for a family, and
$50,400 for a single person is recommended.
What does A.I. say about Reno?
Reno, NV Metro Area has a cost of living of 120.6, which is 20.6% higher than the US average of 100. This is significantly higher than the average American city and reflects the higher costs associated with living in a metropolitan area. The median value of houses in Reno is $506500 and is considerably higher than the national average of $338100. These statistics demonstrate that Reno is an expensive city to live in but offers an array of amenities that makes it worth it for many people.