Reno, NV vs Las Vegas-Henderson-North Las Vegas, NV
A 2-bedroom in Las Vegas-Henderson-North Las Vegas costs $135 less per month than Reno ($1,735 vs $1,870). Median income is $84,684 in Reno and $73,845 in Las Vegas-Henderson-North Las Vegas. That's a difference of $1,620 per year in housing costs.
Side-by-Side Comparison
| Metric | Reno | Las Vegas-Henderson-North Las Vegas |
|---|---|---|
| Studio FMR | $1,289 | $1,333 |
| 1BR FMR | $1,489 | $1,478 |
| 2BR FMR | $1,870 | $1,735 |
| 3BR FMR | $2,539 | $2,413 |
| 4BR FMR | $2,949 | $2,764 |
| Median Income | $84,684 | $73,845 |
| Rent Burden | 26.5% | 28.2% |
| Actual Median Rent | $1,491 | $1,518 |
| Median Home Value | $474,000 | $400,800 |
| Population | 557K | 2.3M |
| Renter % | 38.4% | 43% |
| Vacancy Rate | 8.1% | 9.5% |
| Poverty Rate | 10.7% | 13.2% |
| YoY Change | +18.2% | - |
| Min Wage | $12.00/hr | $12.00/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Las Vegas-Henderson-North Las Vegas, NV is more affordable with a 2BR FMR of $1,735/mo, which is $135 less than Reno at $1,870/mo. However, when considering local incomes, Reno has a rent burden of 26.5% vs 28.2% in Las Vegas-Henderson-North Las Vegas.
A 2-bedroom in Reno, NV costs $1,870/mo at Fair Market Rent, while in Las Vegas-Henderson-North Las Vegas, NV it's $1,735/mo, a difference of $135/mo or $1,620/year.
To afford a 2BR without spending more than 30% of income on rent: Reno requires $74,800/year ($36/hr). Las Vegas-Henderson-North Las Vegas requires $69,400/year ($33/hr).