Thinking about moving to Reno?
You’ll be in good company. Between 2010 and 2016, more than 20,034 people have moved to Reno, an increase of 8.9%. New residents are attracted to Reno’s job availability, love of recreational activities, and lively festivals.
Living
Reno is home to 245,255 Renoites. With an area of 103.0 square miles, Reno has a population density of 2,381 persons per square mile, which makes it less dense than many other cities of comparable size.
The Reno, NV Metropolitan Statistical Area boasts a population of 457,667 people, of which Reno proper’s population makes up 54%.
Housing
Reno’s growth and desirability come at a major cost: housing is pricey. The median home value in Reno is $318,600, 59% above the US median value, according to Zillow. The median price per square foot in Reno is $188. Over the past 5 years, home values in Reno have increased by 15%.
Renters in Reno will also have a hard time finding affordable housing. The median rent in Reno is $1,564 per month, which is 9% higher than the US median. Over the past year, rental rates in Reno have increased by 5.7%.
Economy
Reno’s economy is on fire. The Reno metro area’s GDP grew by 33% between 2011 and 2016, from $19.4 billion in 2011 to $25.8 billion in 2016, a total increase of $6.4 billion. The metro area has a per capita GDP of $56,471. According to the US Census Bureau, the median household income in Reno is $53,030, 10% lower than the national median. Reno’s unemployment rate is 4%.
