Cost of Living in Reno, NV
Housing
The housing market plays a significant role in determining the cost of living in Reno, NV.
- Housing Index: 120.0 / 100
- Median Home Price is: $458,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1900 per month
When considering a move to Reno, NV, it's important to note that the housing index sits at 120.0, indicating higher-than-average costs. The median home price of 458000 reflects this trend, potentially straining budgets for first-time buyers. Renting appears to be slightly more advantageous, with average rents for a 2-bedroom apartment at 1800 and a house at 1900. Be aware that real estate trends can fluctuate, so it's prudent to stay updated on market conditions, as slight changes could influence both costs and lifestyle choices significantly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Reno, NV.
- Electricity Price: $15.5 USD (median by state)
- Natural Gas Price: $20.66 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Reno, NV could entail higher utility costs. Electricity costs sit at $15.5, while natural gas is priced at $20.66 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Reno is a financially viable option for your relocation.