Calculate using real Reno data. Median home price: $475,000. Property tax rate: 0.63%.
Reno, NV has a cost of living index of 112, where 100 represents the national average. This means living in Reno is 12% more expensive the national average.
The median household income in Reno, NV is $63,180. Combined with a cost of living index of 112, this provides a picture of purchasing power in the area.
The median home price in Reno, NV is $475,000 with a property tax rate of 0.63%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $2,801.