Cost of Living in Reno, NV
Population: 268,959 • 2026 Data
$78,448
Median Household Income
+1% vs national
$1,453
Median Monthly Rent
+8% vs national
$498,600
Median Home Value
+47% vs national
5.0%
Unemployment Rate
Housing in Reno
The median home value in Reno, NV is $498,600. Monthly rent for a typical unit averages $1,453, while total monthly housing costs (including utilities and insurance) average $1,482.
Rent-to-income ratio: 22.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Reno, NV is $78,448. The unemployment rate stands at 5.0%, with a labor force of 148,705 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.