Cost of Living: Reno, NV vs Billings, MT (2026)

Reno

Nevada
122
VS

Billings

Montana
86

Reno is 42% more expensive than Billings.

$1,453/mo ↑ 32%
Median Rent
$1,097/mo ↓ 25%
$78,448/yr ↑ 9%
Median Income
$71,855/yr ↓ 8%
$498,600 ↑ 60%
Home Value
$311,800 ↓ 37%
$1,482/mo ↑ 26%
Owner Costs
$1,177/mo ↓ 21%
268,959
Population
118,321

Tax Comparison

0%
Income Tax
6.75%
6.85%
State Sales Tax
0%
0.53%
Property Tax
0.74%

Affordability

22.2%
rent-to-income
Affordability
18.3%
rent-to-income

Detailed Comparison

When comparing Reno, NV and Billings, MT, the overall cost of living indices are 122 and 86 respectively (national median = 100). Rent is $356/month cheaper in Billings, saving renters about $4,272/year.

Median household income is $6,593/year higher in Reno. Home values also differ significantly — the median in Reno is $498,600 compared to $311,800 in Billings.

Nevada has no state income tax, giving Reno residents a significant tax advantage over Montana's 6.75% rate.

Frequently Asked Questions

Reno vs Billings — common questions

Is Reno or Billings cheaper to live in?
Based on our cost index, Billings is cheaper to live in with an index of 86 compared to 122 (US average = 100).
What is the rent difference between Reno and Billings?
Median rent in Reno is $1,453/month and in Billings it's $1,097/month — a difference of $356/month.
Which city has higher income, Reno or Billings?
Median household income is $78,448 in Reno and $71,855 in Billings. Median household income is $6,593/year higher in Reno.
How do taxes compare between Nevada and Montana?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Montana has 6.75% income tax, 0% sales tax, and 0.74% property tax.
Should I move to Reno or Billings?
It depends on your priorities. Reno has a cost index of 122 with median rent of $1,453/mo, while Billings has a cost index of 86 with rent of $1,097/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Reno details → View Billings details →

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