Zip 89502 (Reno, NV) Economy


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Reno, Nevada (89502) is a great place for anyone looking to rent a two bedroom apartment. The average 2 Bedroom rental cost in Reno is $1,390 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Reno is 101 versus 100 in the US. Not only does it offer affordable housing options but also offers great shopping opportunities within the city limits. Popular grocery stores and chains located in Reno include Raley's, SaveMart Supermarkets, Walmart Supercenter, and Smith's Food & Drug Centers. Other top retailers located in Reno include Target, Best Buy, Office Depot & OfficeMax and Hobby Lobby just to name a few. With its close proximity to Lake Tahoe and numerous ski resorts nearby, there are plenty of recreational activities for residents of Reno to enjoy as well.

Reno (zip 89502) has an unemployment rate of 4.6%. The US average is 6.0%.

Reno (zip 89502) has seen the job market increase by 4.6% over the last year. Future job growth over the next ten years is predicted to be 51.1%, which is higher than the US average of 33.5%.

Tax Rates for Reno (zip 89502)
- The Sales Tax Rate for Reno (zip 89502) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Reno (zip 89502) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Reno (zip 89502)
- The average income of a Reno (zip 89502) resident is $18,526 a year. The US average is $28,555 a year.
- The Median household income of a Reno (zip 89502) resident is $53,180 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyReno, NevadaUnited States
  4.66
  -6.6%-6.2%
  51.1%33.5%
  8.3%6.2%
  0.0%4.6%
  $29,394$37,638
  $53,180$69,021
  $64,444$85,028
  Population by Occupation
  0.2%1.2%
  0.2%0.5%
  7.4%6.8%
  9.7%10.0%
  2.5%2.5%
  12.6%11.0%
  5.8%4.8%
  0.9%0.8%
  2.5%1.9%
  2.0%4.7%
  2.6%1.9%
  5.8%7.6%
  0.5%0.1%
  5.7%4.2%
  4.4%9.3%
  10.0%14.0%
  7.2%2.1%
  12.0%7.0%
  5.0%4.8%
  3.0%4.7%
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