Washoe County · Nevada · West · 273k residents
Reno, NV: economy, jobs & business costs
The site-selection read on Reno: labor costs, talent, corporate tax, energy, and business activity, with the Nevada median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,408/wk. Nevada's corporate income tax rate is 0%. Commercial electricity averages 10.2¢/kWh.
Compare Reno side by side
Avg. weekly wage
$1,408/wk
Corporate income tax
0%
Bachelor's degree or higher
36.8%
Commercial electricity
10.2¢/kWh
Economic momentum
How fast Reno's economy is moving, ranked against the US cities we track.
46/100
Steady
Ranks Reno's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $540,000 |
| Price per sq. ft. | $300 |
| Property tax rate | 0.6% |
| 1-bedroom rent | $1,400/mo |
| 2-bedroom rent | $1,700/mo |
| State & local income tax | 0% |
| Sales tax | 8.3% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,408/wk |
| Bachelor's degree or higher | 36.8% |
| Commercial electricity | 10.2¢/kWh |
| Businesses per 1k residents | 35.3/1k |
| Wage: Software developer | $125,710 |
| Wage: Registered nurse | $107,520 |
| Wage: General manager | $106,050 |
| Wage: Customer service | $43,930 |
| Wage: Warehouse worker | $38,020 |
| Wage: Heavy truck driver | $63,790 |
| Wage: Electrician | $72,800 |
| Wage: Retail salesperson | $35,160 |
| Cost of living index | 105 |
| Groceries index | 103 |
| Utilities | $160/mo |
| Transit pass | $65/mo |
| Gas price | $4.05/gal |
| Healthcare index | 101 |
| Childcare (per child) | $1,250/mo |
| Median household income | $76,000 |
| Unemployment rate | 3.9% |
| Population | 273k |
| Crime index | 46/100 |
| School rating | 5.5/10 |
| Walkability | 39/100 |
| Disaster risk | 97/100 |
| Avg. commute | 21 min |
| Sunny days / year | 252 days |
| July high | 93°F |
| January low | 27°F |
| Annual snowfall | 30 in |
| Home price YoY | 0.0% |
| Home price MoM | 0.0% |
| Rent YoY | +6.2% |
| Rent MoM | -0.4% |
| Employment (jobs) YoY | +0.9% |
| Building permits YoY | -48.9% |
| Ocean coast | 189 mi |
| Big lake | 33 mi |
| Mountains | 14 mi |
| Major airport | 3 mi |
| Ski resort | 14 mi |
Popular comparisons
Nearby
- Sparks, NV · 110k
- Sun Valley, NV · 22k
- Spanish Springs, NV · 18k
- Dayton, NV · 16k
- Carson City, NV · 58k
Similar size
- North Las Vegas, NV · 279k
- Enterprise, NV · 240k
- Spring Valley, NV · 219k
- Henderson, NV · 332k
- Sunrise Manor, NV · 200k
Real listings in Reno
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Reno a good place to run a business?
- Nevada's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,408/wk; commercial electricity averages 10.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Reno, NV?
- Reno indexes at 105 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,700/mo and a median home value of $540,000.
- How much does a house cost in Reno?
- The median home value in Reno is $540,000 (compiled estimate; individual listings vary).
- How much is rent in Reno?
- A two-bedroom in Reno rents for about $1,700/mo.