Cost of Living Index — Reno MSA


Updated 11/19/18

The Cost of Living Index compares living costs (such as housing, transportation, utilities, groceries, and healthcare) for the typical middle-class family.  All components decreased in 2016, except housing and healthcare, but everything rose in 2017 and 2018, except utilities.

Visit TMT’s indicator #33—community responsiveness to its most vulnerable populationsBasic Family Calculator measure to learn more about what it really costs to live in the Reno-Sparks MSA.

Notes:

  • MSA = Metropolitan Statistical Area
  • 2007 Las Vegas for Q1, Q2 and Q4 only (Q3 not available)
  • 2008 Las Vegas for Q3 only

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Comparing our costs with cities around the country is often a first step for companies considering relocating to our region. Every component of the COL Index began decreasing in 2010, after years of increases. For several years, the Reno MSA composite grew at a faster rate than Las Vegas, but dropped below Las Vegas, first quarter 2010.  The drop in housing is primarily driving the lower composite in 2014, but food cost and transportation increases are starting to drive up the composite, along with new housing increases.

Other annual average composite numbers for some comparable cities across the western US for 2017 include:

  • Reno-Sparks, NV 110.3
  • Las Vegas, NV 102.5
  • Boise, ID 95.0
  • Denver, CA 111.3
  • Oakland, CA 151.3
  • Portland, OR 130.0
  • Salt Lake City, UT 100.6
  • Seattle, WA 153.0

Source:

American Chamber of Commerce Research Association compiled by NV Energy (previously Sierra Pacific Power), Economic Development

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