Loading
Assembling your view…
Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
Moving to Reno is a financial step down — higher costs without proportional income gain.
Reno has a cost index of 115 vs 105 for Raleigh. Reno is 10 points more expensive overall. Monthly rent goes from $1,567 to $1,830 (+17%).
If you earn the Raleigh median of $82,424, you would need approximately $90,274/year in Reno to maintain equivalent purchasing power, based on the cost index difference of 10 points (10%).
Median rent in Raleigh is $1,567/month. In Reno it is $1,830/month — a difference of +$263 per month, or $3,156 per year.
Moving to Reno is a financial step down — higher costs without proportional income gain. The salary equivalent to maintain your current lifestyle is $90,274/year in Reno. The median income there is $78,448.
Estimated monthly essentials total $3,561 in Raleigh vs $4,001 in Reno — a difference of +$440/month (+$5,280/year).
The median home price in Reno is $559,591 vs $428,831 in Raleigh. With 20% down and a 6.5% rate, the estimated monthly mortgage payment is $2,830 in Reno vs $2,168 in Raleigh.