Cost of living in Reno: rent, home prices and salary needed
The cost of living in Reno sits 1.0% above the US average. BEA puts the Reno, NV metro area at 101.0 in its 2024 regional price parity (RPP), with the US at 100 and housing alone at 123.5.
- Level of prices
- 101.0US = 100, BEA 2024
- Price level for housing
- 123.5. rents. US = 100.
Index of living costs in Reno
The US average is set at 100. A regional price parity compares one place's costs for the same goods and services with that average. The Reno, NV metro area covers Reno, and BEA prices it as a single area. Housing (rents) is furthest from the US average, at 123.5, or 23.5% above the US.
| Price level, US = 100 | Reno, NV metro | Nevada | Metro against the US |
|---|---|---|---|
| All items | 101.0 | 100.0 | +1.0% |
| Goods | 96.3 | 96.3 | −3.7% |
| Housing (rents) | 123.5 | 114.1 | +23.5% |
| Utilities | 89.3 | 90.5 | −10.7% |
| Other services | 98.7 | 98.7 | −1.3% |
Regional price parities, 2024, from the U.S. Bureau of Economic Analysis, covering metro areas and states. BEA regional price parities
Reno rent
In Reno, the typical asking rent for homes listed now is $1,997 a month, according to Zillow Observed Rent Index (ZORI). It is +8.1% on a year. The figure for the US is $1,932. Census median gross rent is $1,654, and that measure counts every renting household rather than new leases alone. One year of asking rent equals 28% of the median household income.
| Rent | Reno | United States |
|---|---|---|
| Typical asking rent, Zillow ZORI | $1,997 | $1,932 |
| Asking rent, 12-month change | +8.1% | |
| Median gross rent, Census ACS 2024 | $1,654 | $1,487 |
| Asking rent for a year, as a share of median income | 28% | 28% |
Sources: Zillow Observed Rent Index; Census Bureau American Community Survey 2024, with estimates covering one year.
What homes cost in Reno
A typical Reno home was worth $571,562 in September 2026, according to Zillow Home Value Index (ZHVI). That index measures value in the middle of the market. Year over year the change is +2.0%. For the US the amount is $366,157. That equals 6.7 years of median household income, while the US number is 4.5.
| Home prices | Reno | United States |
|---|---|---|
| Typical home value, September 2026 | $571,562 | $366,157 |
| 12-month change | +2.0% | +1.2% |
| 10-year change | +85.6% | +77.4% |
| Price to income (years of median income) | 6.7 | 4.5 |
| Price to rent (years of asking rent) | 23.9 | 15.8 |
The forecast, days on market, and a price chart that starts in 2000: Reno housing market.
What salary you need in Reno
Your income and location are the two factors that determine the salary needed in Reno to maintain your current buying power.
- Moving away from
- Salary
The method, with every city compared beside the others: cost of living by city.
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Cost of living in Reno vs other cities
| City | Level of prices | Housing | Rent: typical | Value of a typical home |
|---|---|---|---|---|
| Reno | 101.0 | 123.5 | $1,997 | $571,562 |
| Las Vegas | 100.2 | 115.5 | $1,700 | $417,475 |
| New York City | 112.6 | 148.6 | $4,089 | $825,854 |
| Los Angeles | 113.6 | 170.4 | $2,772 | $927,891 |
| Chicago | 103.6 | 112.0 | $2,311 | $334,108 |
| Houston | 98.6 | 104.5 | $1,544 | $259,465 |
| Phoenix | 103.3 | 121.2 | $1,571 | $404,067 |
| Philadelphia | 102.6 | 113.1 | $1,757 | $231,584 |
| San Antonio | 94.7 | 94.6 | $1,381 | $244,623 |
Price levels come from BEA regional price parities, 2024, with US = 100. Rent comes from Zillow ZORI. Home value comes from Zillow ZHVI, September 2026.
All cities, ranked: city cost of living comparison. All states: state cost of living.