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Reno, NV vs Lyon County, NV

A 2-bedroom in Lyon County costs $598 less per month than Reno ($1,272 vs $1,870). Median income is $84,684 in Reno and $73,460 in Lyon County. That's a difference of $7,176 per year in housing costs.

Reno, NV
$1,870
2BR Fair Market Rent
26.5% burden
Lyon County, NV
$1,272
2BR Fair Market Rent
20.8% burden

Side-by-Side Comparison

MetricRenoLyon County
Studio FMR$1,289$1,070
1BR FMR$1,489$1,076
2BR FMR$1,870$1,272
3BR FMR$2,539$1,769
4BR FMR$2,949$2,134
Median Income$84,684$73,460
Rent Burden26.5%20.8%
Actual Median Rent$1,491$1,259
Median Home Value$474,000$342,600
Population557K61K
Renter %38.4%23.4%
Vacancy Rate8.1%6.3%
Poverty Rate10.7%11%
Unemployment-4.4%
YoY Change+18.2%-
Min Wage$12.00/hr$12.00/hr

Income Required to Afford a 2-Bedroom

Reno, NV
Annual Income Needed
$74,800
Hourly Wage Needed
$36/hr
Min Wage Work Hours/Week
119.9 hrs
at $12.00/hr (NV min wage)
Lyon County, NV
Annual Income Needed
$50,880
Hourly Wage Needed
$24/hr
Min Wage Work Hours/Week
81.5 hrs
at $12.00/hr (NV min wage)

Frequently Asked Questions

Lyon County, NV is more affordable with a 2BR FMR of $1,272/mo, which is $598 less than Reno at $1,870/mo. However, when considering local incomes, Reno has a rent burden of 26.5% vs 20.8% in Lyon County.

A 2-bedroom in Reno, NV costs $1,870/mo at Fair Market Rent, while in Lyon County, NV it's $1,272/mo, a difference of $598/mo or $7,176/year.

To afford a 2BR without spending more than 30% of income on rent: Reno requires $74,800/year ($36/hr). Lyon County requires $50,880/year ($24/hr).