Cost of Living: Reno, NV vs Chesapeake, VA (2026)

Reno

Nevada
122
VS

Chesapeake

Virginia
112

Reno is 9% more expensive than Chesapeake.

$1,453/mo ↓ 5%
Median Rent
$1,523/mo ↑ 5%
$78,448/yr ↓ 17%
Median Income
$94,189/yr ↑ 20%
$498,600 ↑ 39%
Home Value
$359,100 ↓ 28%
$1,482/mo ↓ 12%
Owner Costs
$1,680/mo ↑ 13%
268,959
Population
251,153

Tax Comparison

0%
Income Tax
5.75%
6.85%
State Sales Tax
5.3%
0.53%
Property Tax
0.8%

Affordability

22.2%
rent-to-income
Affordability
19.4%
rent-to-income

Detailed Comparison

When comparing Reno, NV and Chesapeake, VA, the overall cost of living indices are 122 and 112 respectively (national median = 100). Rent is $70/month cheaper in Reno, saving renters about $840/year.

Median household income is $15,741/year higher in Chesapeake. Home values also differ significantly — the median in Reno is $498,600 compared to $359,100 in Chesapeake.

Nevada has no state income tax, giving Reno residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Reno vs Chesapeake — common questions

Is Reno or Chesapeake cheaper to live in?
Based on our cost index, Chesapeake is cheaper to live in with an index of 112 compared to 122 (US average = 100).
What is the rent difference between Reno and Chesapeake?
Median rent in Reno is $1,453/month and in Chesapeake it's $1,523/month — a difference of $70/month.
Which city has higher income, Reno or Chesapeake?
Median household income is $78,448 in Reno and $94,189 in Chesapeake. Median household income is $15,741/year higher in Chesapeake.
How do taxes compare between Nevada and Virginia?
Nevada has 0% income tax, 6.85% sales tax, and 0.53% property tax. Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax.
Should I move to Reno or Chesapeake?
It depends on your priorities. Reno has a cost index of 122 with median rent of $1,453/mo, while Chesapeake has a cost index of 112 with rent of $1,523/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View Reno details → View Chesapeake details →

More Comparisons

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