Reno, NV Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Reno, NV Summary

Cost of living in Reno research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Reno is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Reno is 111, with 100 being the average.

  • The cost of living index in Reno is 1.1x higher than the national average.

  • Reno ranks as the #26 cheapest in Nevada out of 33.

  • Reno ranks as the #4,219 cheapest out of 6,412 in the US.

  • The median home value in Reno is $391,500.

  • The median income in Reno is $67,557.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
111
Reno's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Reno, NV?

According to the most recent data on the cost of living, Reno has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.

Compared to Nevada, Reno has a cost of living index that's 1.1x higher than Nevada's index of 101.

The standard of living in Reno ranks as #26 most affordable out of the 33 places we measured in Nevada. By definition, that implies Reno ranks as the #7 most expensive place in the Silver State.

For more reading on life in Reno, check out:

26 out of 33
In Nevada
4,219 out of 6,412
In America

Reno Cost Of Living Vs. Nevada

Six factors go into calculating the cost of living index in Reno. Here is how it fairs on each of the criteria:

  • The Services index in Reno is 107.

  • The Groceries index in Reno is 114.

  • The Health index in Reno is 113.

  • The Housing index in Reno is 118.

  • The Transportation index in Reno is 127.

  • The Utilities index in Reno is 83.

Living Expense Reno Nevada National Average
Overall 111 101 100
Services 107 91 100
Groceries 114 103 100
Health 113 93 100
Housing 118 111 100
Transportation 127 114 100
Utilities 83 97 100
For more reading on cost of living around Nevada, check out:
Reno Cost of Living Vs. NV

Reno, NV Housing Cost Breakdown

Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Reno is $391,500.

  • The Median Rent in Reno is $1,213.

  • The Median Income in Reno is $67,557.

  • The Home Value To Income in Reno is 5.8x.

  • The Rent To Monthly Income in Reno is 0.22x.

Statistic Reno Nevada United States
Median Home Value $391,500 $315,900 $244,900
Median Rent $1,213 $1,238 $1,163
Median Income $67,557 $65,686 $69,021
Home Value To Income 5.8x 4.8x 3.5x
Rent To Monthly Income 0.22x 0.23x 0.2x
Search Homes For Sale In Reno, NV
$391,500
Median Home Value
$1,213
Median Rent
$67,557
Median Income

Reno, NV Costs By Category

Detailed Reno Services Costs Vs. Nevada

Item Reno Nevada
Shampoo $1.41 $1.06
Movie $11.0 $10.68
Bowling $18.8 $14.67
Haircut $21.7 $18.62
Beauty Salon $40.13 $39.05

Detailed Reno Groceries Costs Vs. Nevada

Item Reno Nevada
Ground Beef $5.54 $4.22
Fried Chicken $1.58 $1.39
Milk $2.93 $2.05
Potatoes $3.02 $3.29
Pizza $11.66 $10.62
Beer $9.15 $9.38
Toothpaste $2.43 $2.34

Detailed Reno Health Costs Vs. Nevada

Item Reno Nevada
Optometrist $117.17 $108.57
Doctor $155.0 $116.17
Dentist $114.56 $99.13

Detailed Reno Transportation Costs Vs. Nevada

Item Reno Nevada
Gasoline $2.98 $2.22
Tire Balancing $57.47 $50.07

Detailed Reno Utilities Costs Vs. Nevada

Item Reno Nevada
All Electricity $124.72 $167.67
Phone $177.85 $175.64

Reno SnackAbility

7
/10
Overall SnackAbility
Jobs
7/10
Housing
8.5
Affordability
5
Diversity
9
Safety
5
Amenities
9
Education
8
Commute
8.5

Cost Of Living In Cities Around Reno

The cost of living varies in the cities and towns around Reno. Here's a quick look at the cost of living in the most populous nearby places:

  • Sparks, NV has a cost of living index of 106, 1.0x Reno.

  • Sun Valley, NV has a cost of living index of 100, 0.9x Reno.

  • Spanish Springs, NV has a cost of living index of 118, 1.1x Reno.

City Population Cost Of Living Vs. Reno
Sparks, NV 106,900 106 1.0x
Sun Valley, NV 22,622 100 0.9x
Spanish Springs, NV 16,131 118 1.1x
Cold Springs, NV 10,920 105 0.9x
Lemmon Valley, NV 5,100 100 0.9x

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