Housing costs in Reno?
A typical home costs
$777,700, which is 130.0% more expensive than the national average of
$338,100 and 86.5% more expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$2,130 per month, which is 46.9% more than the national average of
$1,450 and 25.4% more than the state average of
$1,590.
Can I afford Reno?
To live comfortably in Reno (zip 89519), Nevada, a minimum annual income of
$149,040 for a family, and
$67,600 for a single person is recommended.
What does A.I. say about Reno?
The cost of living in 89519 Reno, NV is relatively affordable compared to many other areas in the country. The overall cost of living index for 89519 is rated at 105, which is 5 points higher than the national average. Housing costs in Reno are actually well below the national average, with a median home price of $290,000 and a median rent price of $1,350 per month. Furthermore, groceries in Reno are also more affordable than the national average with an estimated weekly grocery bill for a family of four ranging from $80 to $180. Utilities are slightly higher in Reno, but still well below the national average. All things considered, residents of 89519 Reno can find good value for their money when it comes to living expenses.