Can you afford to live in Reno?

Median household income, home values and rent in Reno, NV — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Reno.

Median household income: $78,448 — +66.9% since 2015 (not adjusted for inflation)

Median gross rent: $1,453/mo — +70.7% since 2015

Median home value, 2015 to 2023

• 2015: 210700
• 2023: 498600

Median household income

• Reno: 78448
• Washoe County: 85600
• NV: 75561
• U.S.: 78538

Median gross rent

• Reno: 1453
• Washoe County: 1507
• NV: 1489
• U.S.: 1348

Share of income a typical renter spends on rent: 30.5% — U.S.: 30.2%

What it means

Households here earn about what households nationally earn ($78,448 versus $78,538).

The typical renter here spends 30.5% of household income on rent, above the 30% level housing agencies use to define cost burden.

Since 2015, rent has risen faster than income here (+70.7% versus +66.9%), before adjusting for inflation.