States › Nevada › Reno

Is Reno, NV expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7832% higher than U.S. average
💵 Families earn per year (2026)$87,100about $7,258/month · same as U.S. average
🔑 House price$548,30065% higher than U.S. average

Reno is the 4th-largest city in Nevada that we track, with 273,212 residents. Rent is higher than in 56% of U.S. cities. A typical house costs about 6.3 years of household income, so buying is hard for most locals.

How much money do I need?

To rent here comfortably, you should earn about $71,320 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Nevada cities?

No. Rent here is more expensive than in most of Nevada. It is number 19 of 34 cities from cheapest to most expensive.

Reno
$1,783
$2,044
$1,532

Compare Reno with other big cities

vs New Yorkvs Los Angelesvs Chicagovs Houstonvs Las Vegasvs Hendersonvs North Las Vegasvs Enterprisevs Fresnovs Fort Worthvs Durhamvs Dallas

Compare Reno to 149 other cities →

How much do households earn in Reno?

Under $25k
11.6%
$25k–50k
20.8%
$50k–100k
32.3%
$100k–150k
17.4%
$150k+
12.5%

Share of households by yearly income. 29.9% of households earn $100,000 or more.

Rent by apartment size in Reno

SizeRenoU.S. average
Studio$1,102$1,338
1 bedroom$1,402$1,324
2 bedrooms$1,726$1,509
3 bedrooms$2,141$1,698
4 bedrooms$2,467$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Reno overall?

Everyday prices in the Reno metro area are 1% above the U.S. average (index 101.0, U.S. = 100).

Housing
123
Goods (food, clothes…)
96
Utilities
89
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024.

Taxes and bills in Reno

🏛️ Property tax$2,358a year · 0.43% of home value · U.S. $3,119
⚡ Electric bill$129a month (typical) · U.S. $156

Life in Reno

Commute to work20.3 minU.S.: 26.4 min
College degree36.8%U.S.: 35.7%
Own their home49.8%U.S.: 65.2%
Below poverty line12.6%U.S.: 12.5%
Unemployment5.1%U.S.: 5.2%

What jobs pay in Reno

JobMedian payRent / pay
Lawyer$163,38013.1%
Pharmacist$154,38013.9%
Nurse Practitioner$137,36015.6%
Physician Assistant$134,55015.9%
Software Developer$125,71017.0%
Dental Hygienist$117,85018.2%
Registered Nurse$107,52019.9%
Computer Systems Analyst$106,69020.1%
Operations Manager$106,05020.2%
Civil Engineer$105,47020.3%
Police Officer$92,13023.2%
Accountant$82,37026.0%
Firefighter$81,36026.3%
Licensed Practical Nurse$78,60027.2%
Plumber$77,02027.8%
Electrician$72,80029.4%
Market Research Analyst$66,26032.3%
Truck Driver$63,79033.5%
Elementary School Teacher$62,43034.3%
Carpenter$62,35034.3%
HVAC Technician$61,94034.5%
Medical Assistant$47,01045.5%
Nursing Assistant$46,76045.8%
Warehouse Worker$43,99048.6%
Customer Service Representative$43,93048.7%
Restaurant Cook$38,93055.0%
Retail Salesperson$35,16060.9%
Cashier$31,19068.6%
Server (Waiter/Waitress)$25,70083.3%

Is it cheaper to rent or buy in Reno?

Renting is cheaper right now: about $2,021 a month less.

Renting
$1,783
Owning
$3,804

Owning assumes a typical $548,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $54,830 for the down payment.

Frequently asked questions

What is the average rent in Reno, NV?

Renting in Reno costs a median of about $1,783 a month in 2026, including utilities. The Nevada median is $1,742.

How much do I need to make to live in Reno?

To keep rent under 30% of income, you need about $71,320 a year, or $34 an hour at a full-time job.

Is Reno cheap or expensive?

Reno is rated OK: rent takes 24.6% of the typical household income of $87,100. It ranks 19th cheapest of 34 Nevada cities we track.

How much are property taxes in Reno?

The median homeowner in Reno pays $2,358 a year in property taxes, about 0.43% of the median home value.

Is Reno more expensive than the national average?

Overall prices in the metro area are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Reno?

The median home value in Reno is $548,300, about 6.3 times the typical yearly household income.

273,212 people live in Reno. Numbers are typical (middle) values.