Housing costs in Reno?
A typical home costs
$651,300, which is 92.6% more expensive than the national average of
$338,100 and 56.1% more expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$1,550 per month, which is 6.9% more than the national average of
$1,450 and 2.6% cheaper than the state average of
$1,590.
Can I afford Reno?
To live comfortably in Reno (zip 89510), Nevada, a minimum annual income of
$124,920 for a family, and
$49,200 for a single person is recommended.
What does A.I. say about Reno?
The cost of living in 89510 Reno, NV is slightly higher than the national average. According to the Council for Community and Economic Research, overall costs are about 4% higher in Reno than the national average. Housing is especially expensive as it is around 19% higher than the national average. This makes renting, buying a home, or other forms of housing more costly than other parts of the country. However, food and groceries are 6% lower than the national average, making them more affordable for those living in the area. The cost of transportation and health care services are also slightly lower than average when compared to other areas in the United States. Overall, living in 89510 Reno, NV can be somewhat more expensive than other parts of the country, but there are some advantages that come with living there as well such as affordable food and transportation costs.