Reno, Nevada Income Statistics
Reno Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Reno Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Reno | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,222 | $78,637 | $80,455 |
| Median Personal Income | $55,368 | $54,226 | $60,758 |
| Average Yearly Income Growth | 6.4% | 4.9% | 4.8% |
| Six-Figure Earners | 13.1% | 11.7% | 13.9% |
| $200k+ Households | 11.6% | 10.9% | 13.2% |
The median household income in Reno is about 1% lower than in Nevada. Income has been growing faster in Reno (6.4%/yr) than in Nevada (4.9%/yr).
About 13% of adults in Reno earn six figures ($100,000 or more) a year, higher than the Nevada average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Reno, Nevada grew by 64.1% from 2009 to 2024, reaching $78,222 in 2024. That's an average of about 6.4% per year.
Income Inequality and the Gender Pay Gap in Reno
| Metric | Reno | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.546 | 0.552 |
| Male Median Income | $62,427 | $62,240 | $69,667 |
| Female Median Income | $53,458 | $52,310 | $56,850 |
| Gender Pay Gap | 14.4% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Reno, it is 0.527, lower than Nevada's 0.546, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 17% more than women's income in Reno, Nevada. Over a 35-year career, a 17% wage gap accumulates to roughly $313,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Reno, Nevada has narrowed from about 16% to 14% in 2024. Over that period the gap was widest at 18% in 2011, and was narrowest at 12% in 2016. In dollar terms, the gap has widened by $2,239 since 2009.
Employment
| Metric | Reno | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 6.9% | 5.2% |
| Working from Home | 12.2% | 11.9% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 7,401 people are unemployed in Reno, Nevada.
The average commute time in Reno is 18 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Reno, Nevada has fallen from 9.7% to 5.3% in 2024. Over that period the rate peaked at 11.4% in 2013 and fell as low as 5.1% in 2021.
Reno, NV Wealth Compared With Nearby Cities
How Reno, NV compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Reno, NV | 252,492 | $78,222 #2/3 | 6.4%/yr #3/3 | 5.3% #2/3 | 0.527 #2/3 |
| Sun Valley, NV | 21,618 | $76,855 | 6.9%/yr | 7.2% | 0.535 |
| Sparks, NV | 103,031 | $87,712 | 6.5%/yr | 5.1% | 0.504 |
Conclusion
Considering all these factors, Reno, Nevada has an overall wealth index grade of C, making it somewhat better than Nevada, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Reno, Nevada.
How Rich Is Reno, Nevada?
Reno has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $78,222, about 1% lower than the Nevada average of $78,637.
Are incomes growing in Reno, Nevada?
Between 2009 and 2024, the median household income in Reno, Nevada rose 64%, from $47,654 to $78,222. Over the same years, income here outpaced Nevada as a whole: +64% against +41%.
What was the median household income in Reno in 2023?
In 2023, the median household income in Reno, Nevada was $75,660, up 6% from $71,536 in 2022. The Nevada median that year was $75,604.
What was the median household income in Reno in 2020?
In 2020, the median household income in Reno, Nevada was $60,618. By 2024 it had risen 29% to $78,222.
Is it hard to find a job in Reno, Nevada?
Unemployment in Reno, Nevada is only 5.3%, well below the Nevada rate of 6.9%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Reno, Nevada?
The Gini coefficient in Reno is 0.527. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Reno, Nevada?
Since 2009, the income gap between men and women in Reno, Nevada has narrowed from about 16% to 14% in 2024. Over that period the gap was widest at 18% in 2011, and was narrowest at 12% in 2016. In dollar terms, the gap has widened by $2,239 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →