Cost of Living in Reno city (Parker and Tarrant Counties), TX

Population 3,156 · Texas · Data vintage 2023

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Reno city (Parker and Tarrant Counties) is a smaller Texas community of around 3000 residents, where median household incomes of $92,857 and housing costs ($295,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.2% — below most comparable cities in the state.

Located 15 miles northwest of Fort Worth, Reno city (Parker and Tarrant Counties) falls within that metro's commuting orbit. Housing prices track closely with Fort Worth's $277,000 median.

Cost Overview

Housing 97

Rent 89

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Reno city (Parker and Tarrant Counties)

The median home value in Reno city (Parker and Tarrant Counties) is $294,800 — 3% below the national median of $305,000. Median rent runs $1,167/month, 11% lower than the national median of $1,314/month. The median household income of $92,857/year is 25% higher than the US median of $74,580. The local unemployment rate is 2.2%, below the national average of 4.8%. Texas charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 78.2°F and lows of 57.4°F. Overall, Reno city (Parker and Tarrant Counties) has a cost of living index of 94 versus the US average of 100, meaning it is 6% less expensive.

📍

Reno city (Parker and Tarrant Counties) has limited residential data

Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:

Azle, TX

Median home: $263,800

Rent: $1,341/mo

Income: $81,200

Saginaw, TX

Median home: $270,300

Rent: $1,700/mo

Income: $98,003

White Settlement, TX

Median home: $176,500

Rent: $1,227/mo

Income: $56,472

Fort Worth, TX

Median home: $277,300

Rent: $1,412/mo

Income: $76,602

Weatherford, TX

Median home: $285,000

Rent: $1,474/mo

Income: $78,738

🏠 Housing

Median Home Value

$294,800

3% below avg

Median Rent

$1,167/mo

11% below avg

Price-to-Rent Ratio

21.1x

Favors renting

Property Tax Rate

1.7%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$766

1 BR

$811

2 BR

$981

3 BR

$1,307

4 BR

$1,509

Owner-occupied 82.2%

Renter-occupied 17.8%

💰 Estimated Monthly Budget

Rent median rent

$1,167

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $1,781/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

40.8 min

51% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

5.7%

Commute Mode

Drove alone

82.8%

Carpooled

10.3%

Walked

1.2%

Work from home

5.7%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax (flat) None

Total Sales Tax 8.2%

State rate 6.3%

Avg local rate 1.9%

Property Tax 1.7%

💼 Income & Employment

Median Household Income

$92,857

25% above avg

Per Capita Income

$35,420

Unemployment Rate

2.2%

54% below avg

Poverty Rate

7.0%

Labor Force Participation

63.3%

🎓 Education

Bachelor's degree+ 6.2%

Graduate degree 4.5%

👥 Demographics

Median Age 40.1

Male median age 41.1

Female median age 39.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High

78.2°F

Avg Low

57.4°F

Annual Precip

32.6"

Month	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
High °F	59	63	70	78	85	92	97	97	90	79	68	60
Low °F	37	41	49	56	65	73	77	76	70	58	48	40
Precip"	1.89	2.05	3.24	2.53	3.61	4.24	2.00	1.80	2.58	3.87	2.56	2.20

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 39 — Good

84.1%

Good air days/yr

140

Max AQI recorded

PM2.5 days

358

Ozone days

Frequently Asked Questions

What is the cost of living in Reno city (Parker and Tarrant Counties), TX?

Reno city (Parker and Tarrant Counties) has a cost index of 94 (100 = national average). It is 6% below the national average.

What is average rent in Reno city (Parker and Tarrant Counties), TX?

The median gross rent in Reno city (Parker and Tarrant Counties) is $1,167 per month based on 2023 Census data.

What is the average home price in Reno city (Parker and Tarrant Counties)?

The median home value in Reno city (Parker and Tarrant Counties) is $294,800 according to 2023 Census ACS data.

What is the median income in Reno city (Parker and Tarrant Counties)?

The median household income in Reno city (Parker and Tarrant Counties) is $92,857 per year (2023 ACS 5-year estimates).

What is the sales tax in Reno city (Parker and Tarrant Counties), TX?

The combined state and local sales tax rate in Reno city (Parker and Tarrant Counties) is 8.2%. Texas has no state income tax.

Is Reno city (Parker and Tarrant Counties), TX affordable?

Reno city (Parker and Tarrant Counties) is near the national average in terms of cost of living, with an index of 94 (100 = US average).

What is the weather like in Reno city (Parker and Tarrant Counties)?

Reno city (Parker and Tarrant Counties) has average high temperatures of 78.2°F and average lows of 57.4°F. Annual precipitation is 32.6". Data from NOAA 1991–2020 Climate Normals.

Reno city (Parker and Tarrant Counties) at a Glance

Population: 3,156
Median Income: $92,857
Home Value: $294,800
Median Rent: $1,167/mo
Unemployment: 2.2%
Avg High Temp: 78.2°F
Sales Tax: 8.2%

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