Reno appears moderately affordable relative to its income and housing costs: median gross rent ($1,556/month) represents about 23% of median monthly household income ($6,730), which is within a range often considered manageable, though home values are high relative to income, suggesting affordability challenges for buyers despite rental costs being proportionally reasonable.
Reno at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $33,672. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 273,212 |
| 2024 ACS median household income | $80,760 |
| 2024 ACS median gross rent | $1,556 |
| 2024 ACS median owner-occupied home value | $548,300 |
| Derived one-way commute estimate | 22 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 23% |
The trade-off
Relative strength: Median rent is 23% of median income.. Watch closely: lower rent burden but high home values limit purchase affordability..
Compare Reno
Frequently asked questions
Is rent in Reno affordable compared to income?
Median gross rent of $1,556 per month is about 23% of the median monthly household income of $6,730, indicating a moderate rent burden relative to income based on 2024 ACS data.
How does Reno's home value compare to income?
The median owner-occupied home value of $548,300 is roughly 6.8 times the median household income of $80,760, suggesting home purchase may be less affordable than renting based on this income-to-home-value ratio.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.