Housing costs in Reno?
A typical home costs
$372,100, which is 10.1% more expensive than the national average of
$338,100 and 10.8% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$1,290 per month, which is 11.0% cheaper than the national average of
$1,450 and 23.3% cheaper than the state average of
$1,590.
Can I afford Reno?
To live comfortably in Reno (zip 89501), Nevada, a minimum annual income of
$71,280 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Reno?
The cost of living in 89501 Reno, NV is relatively affordable compared to other cities across the United States. The median home value is approximately $348,000 which is less than the national average of $231,200. The median rent price in 89501 Reno, NV is approximately $1,225 per month, which is lower than the national average of $1,470. Groceries and utilities are also slightly lower than the national averages as well. With its beautiful scenery and outdoor activities nearby, 89501 Reno can be a great place to call home for anyone who enjoys a relaxed lifestyle at an affordable cost.