Housing costs in Reno?
A typical home costs
$311,100, which is 8.0% less expensive than the national average of
$338,100 and 25.4% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$1,460 per month, which is 0.7% more than the national average of
$1,450 and 8.9% cheaper than the state average of
$1,590.
Can I afford Reno?
To live comfortably in Reno (zip 89512), Nevada, a minimum annual income of
$59,760 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Reno?
The cost of living in 89512 Reno, NV is generally considered to be lower than the national average. With a median home price of around $320,000 and an average rent of $1175 per month, it is quite affordable to live in the area. Additionally, prices for everyday items are reasonable and the taxes are low compared to other states. All these factors contribute to why 89512 Reno is an attractive option for those looking to relocate or buy a first home.