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.
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%.
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%.
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%.