Cost of Living in Reno, Nevada
In Reno, the median household income is $80,760 and the median gross rent is $1,556/mo, with a median home value of $548,300. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $80,760
- Median gross rent
- $1,556/mo
- Median home value
- $548,300
- Population
- 273,212
How Reno compares to the Nevada average
| Measure | Reno, NV | Nevada statewide | Difference |
|---|---|---|---|
| Median household income | $80,760 | $78,260 | +3.2% |
| Median gross rent (monthly) | $1,556 | $1,597 | -2.6% |
| Median home value | $548,300 | $435,400 | +25.9% |
Statewide, Nevada prices average 100.0 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Reno
- Salary needed for median rent
- $62,240
- Rent burden at median income
- 23.1%
- Est. affordable home price
- $294,607
So that $1,556/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Reno is $548,300 — +86.1% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Nevada cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.