Housing costs in Reno?
A typical home costs
$403,500, which is 19.3% more expensive than the national average of
$338,100 and 3.3% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Reno costs
$1,440 per month, which is 0.7% cheaper than the national average of
$1,450 and 10.4% cheaper than the state average of
$1,590.
Can I afford Reno?
To live comfortably in Reno (zip 89503), Nevada, a minimum annual income of
$77,400 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Reno?
The cost of living in 89503 Reno, NV is quite affordable compared to other cities in the U.S. The median home value is around $224,000 and the median rent is around $1,096. Grocery prices are below national average, with a gallon of milk costing an estimated $2.86 while a loaf of bread costs only $2.17. Utility costs are also relatively low with electricity coming in at 10% cheaper than the national average and natural gas at 7% cheaper. Additionally, transportation costs are reasonably priced with an average commute to work clocking in under 25 minutes and an average cost of gas hovering around 2.50 per gallon. Altogether these factors make 89503 Reno, NV an attractive place for residents looking for a lower cost of living.