Cost of Living in Reno, NV
Reno has a cost of living index of 110 (100 = national average), making it more expensive than the national average. The median household income is $61,948 and the median home price is $480,000.
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Reno at a Glance
Population
264,165
Cost of Living Index
110
Median Income
$61,948
Median Home Price
$480,000
Property Tax Rate
0.59%
Sales Tax Rate
8.27%
Rent Index
108
State
Nevada
Living in Reno
Reno has a cost of living slightly above the national average. While housing at $480,000 is a significant expense, the area offers a balance between cost and quality of life.
The combined sales tax rate in Reno is 8.27%, and the effective property tax rate is 0.59%. Property taxes are relatively low compared to the national average.