Salary & Cost of Living in Reno, NV
Reno, NV: $62,000 median salary, cost of living index 105, $12.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$62,000
$30/hr
Cost of Living
105
US avg = 100
Minimum Wage
$12.00
per hour
Unemployment
3.5%
rate
Reno, NV Overview
Population
264,165
Median Salary
$62,000
Average Salary
$69,000
Avg Commute
22 min
Median Home Price
$480,000
Median Rent
$1,500/mo
Job Growth
+2.5%
Sales Tax
8.27%
Reno is located in Nevada with a population of 264,165. The median household salary is $62,000 per year ($30/hour), which is $2,616 above the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +2.5%.
Reno Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Reno, NV, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$51,856
$4,321.29/month · $1,994.44/biweekly · Effective Rate: 16.4%
Gross Pay
$62,000
Federal Tax
-$5,402
State Tax
$0
Local Tax
$0
FICA
-$4,743
Net Pay
$51,856
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $5,166.67 | $62,000.00 |
| Federal Income Tax | -$450.13 | -$5,401.50 |
| Nevada State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$320.33 | -$3,844.00 |
| Medicare (1.45%) | -$74.92 | -$899.00 |
| Net Take-Home Pay | $4,321.29 | $51,855.50 |
Salary Comparison: Reno vs Other Cities
See how Reno's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Reno, NV | $62,000 | 105 | $59,048 |
| National Average | $59,384 | 100 | $59,384 |
| Tempe, AZ | $62,000 | 105 | $59,048 |
| Wilmington, DE | $62,000 | 105 | $59,048 |
| Fort Lauderdale, FL | $62,000 | 118 | $52,542 |
| Miramar, FL | $62,000 | 112 | $55,357 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Reno
Reno's cost of living index is 105 (national average = 100). Living in Reno is 5% more expensive than the national average.
Median Home Price
$480,000
Median Monthly Rent
$1,500
Annual Rent Cost
$18,000
Your Salary's Purchasing Power
Your $51,856 annual take-home pay in Reno has the purchasing power of approximately $49,386 in an average-cost US area. You would need to earn $65,100 in Reno to match a $62,000 salary in an average-cost city.
Top Industries in Reno
Reno's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $62,000.
Salary Tips for Reno Workers
- No state income tax advantage. Nevada has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Reno's top industries include Technology, Logistics, Tourism. Targeting roles in these sectors can help you earn above the $62,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Reno, NV?
The median salary in Reno, NV is $62,000 per year, or $30 per hour. The average salary is $69,000. This is $2,616 above the national median of $59,384.
What is the cost of living in Reno, NV?
Reno's cost of living index is 105 (national average = 100), meaning it is 5% more expensive compared to the national average. The median home price is $480,000 and the median monthly rent is $1,500.
What are the best industries in Reno?
The top industries in Reno, NV include Technology, Logistics, Tourism. The city has a job growth rate of 2.5% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $62,000.
How does Reno's salary compare to other cities?
Reno's median salary of $62,000 is 4.4% above the national median of $59,384. However, when adjusted for cost of living (index: 105), the real purchasing power is approximately $59,048.
What is the minimum wage in Reno, NV?
The minimum wage in Reno, NV is $12.00 per hour. This equals approximately $24,960 per year for a full-time worker (40 hours/week). This is $4.75 above the federal minimum wage of $7.25/hour.