Housing costs in Reno?
A typical home costs
$386,600, which is 14.3% more expensive than the national average of
$338,100 and 7.3% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$1,390 per month, which is 4.1% cheaper than the national average of
$1,450 and 14.4% cheaper than the state average of
$1,590.
Can I afford Reno?
To live comfortably in Reno (zip 89502), Nevada, a minimum annual income of
$74,160 for a family, and
$44,000 for a single person is recommended.
What does A.I. say about Reno?
The cost of living in 89502 Reno, NV is relatively affordable compared to other areas in the United States. The median household income for the area is around $47,000, and the median home value is around $248,900. Renters can find reasonably priced homes and apartments, with average rents ranging from $850 to $1,110 per month. Groceries and utilities are also relatively inexpensive when compared to other cities, while taxes are relatively low. All in all, 89502 Reno is a great place to live if you're looking for an affordable yet comfortable lifestyle.