Cost of Living: New York, NY vs Reno, NV (2026)

New York

New York
166
VS

Reno

Nevada
122

New York is 36% more expensive than Reno.

$1,779/mo ↑ 22%
Median Rent
$1,453/mo ↓ 18%
$79,713/yr ↑ 2%
Median Income
$78,448/yr ↓ 2%
$751,700 ↑ 51%
Home Value
$498,600 ↓ 34%
$1,837/mo ↑ 24%
Owner Costs
$1,482/mo ↓ 19%
8,516,202
Population
268,959

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.85%
1.62%
Property Tax
0.53%

Affordability

26.8%
rent-to-income
Affordability
22.2%
rent-to-income

Detailed Comparison

When comparing New York, NY and Reno, NV, the overall cost of living indices are 166 and 122 respectively (national median = 100). Rent is $326/month cheaper in Reno, saving renters about $3,912/year.

Median household income is $1,265/year higher in New York. Home values also differ significantly — the median in New York is $751,700 compared to $498,600 in Reno.

Nevada has no state income tax, giving Reno residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs Reno — common questions

Is New York or Reno cheaper to live in?
Based on our cost index, Reno is cheaper to live in with an index of 122 compared to 166 (US average = 100).
What is the rent difference between New York and Reno?
Median rent in New York is $1,779/month and in Reno it's $1,453/month — a difference of $326/month.
Which city has higher income, New York or Reno?
Median household income is $79,713 in New York and $78,448 in Reno. Median household income is $1,265/year higher in New York.
How do taxes compare between New York and Nevada?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax.
Should I move to New York or Reno?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/mo, while Reno has a cost index of 122 with rent of $1,453/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View New York details → View Reno details →

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