New York, NY vs Reno, NV
Cost of living comparison · 2023 Census ACS data
Quick Summary
New York is the more expensive housing market by roughly 34%; New York earns more at the median (2% higher), partly offsetting the cost difference. Whether that math works depends on what fraction of housing cost a relocating household plans to absorb. Reno also has no state income tax, while the other state tops out at 10.9% — a meaningful annual difference at higher income levels.
Median Home Value
$751,700
$498,600 ✓
Zillow Home Value
$812,534
$559,590
Median Gross Rent
$1,779/mo
$1,453/mo ✓
Owner Occupied %
32.8%
49.4%
Price-to-Rent Ratio
35.2x
28.6x
Median Household Income
$79,713 ✓
$78,448
Per Capita Income
$50,776
$45,180
Unemployment Rate
7.7%
5.0% ✓
Poverty Rate
17.4%
12.5%
Avg Commute (min)
44.8 min
22.4 min
Drove Alone %
21.9%
67.6%
Public Transit %
45.5%
2.4%
Work From Home %
15.0%
10.8%
State Income Tax
10.9%
None
Total Sales Tax
8.5%
8.2% ✓
Property Tax Rate
1.7%
0.6%
Bachelor's Degree %
23.6%
21.4%
Median Age
38
37.3
Avg High Temp
62.6°F
68.8°F
Annual Precipitation
49.5"
7.4"
Annual Snowfall
29.8"
20.9"
New York, NY 1 wins
- ✓Median Household Income
Reno, NV 4 wins
- ✓Median Home Value
- ✓Median Gross Rent
- ✓Total Sales Tax
- ✓Unemployment Rate
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