Here's what it costs to live in Reno, Nevada, based on the latest US government data. Renters pay a median of $1,453 per month, while the typical home is valued around $498,600. Households earn a median of $78,448 per year, leaving rent at a manageable share of income for many residents. Air quality is good, with an average AQI of 26. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$78,448
Annual · Census ACS
Median Gross Rent
$1,453
Per month · Census ACS
Median Home Value
$498,600
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$1,289
HUD Fair Market Rent
1BR Fair Market Rent
$1,489
HUD FMR
2BR Fair Market Rent
$1,870
HUD FMR
3BR Fair Market Rent
$2,539
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
None
No state income tax on wages
State Sales Tax
6.85%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
268,959
Latest estimate
Median Age
37.3 yrs
Census ACS
Average AQI
26.0
Source: EPA AirNow
What is the cost of living index for Reno?
The cost of living index for Reno is not yet available in our database.
What is the median rent in Reno?
The median gross rent in Reno is $1,453 per month according to US Census ACS data.
What is the median household income in Reno?
The median household income in Reno is $78,448 per year.
What is the median home value in Reno?
The median home value in Reno is $498,600 based on the latest Census ACS survey.
How is the air quality in Reno?
Reno has an average Air Quality Index (AQI) of 26.0, which is rated "Good" by the EPA. Lower AQI values indicate cleaner air.
What are the taxes like in Reno?
Nevada has no state income tax on wages and a statewide sales tax of 6.85% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology