Salt Lake City, UT vs Reno, NV

Salt Lake City, UT and Reno, NV have a very similar cost of living, with only a 3.3% difference in their overall index. Salt Lake City scores 115 while Reno scores 119 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Salt Lake City is $1,343/month compared to $1,453/month in Reno — a 8% difference. Home values follow the same pattern: Salt Lake City is more affordable at $495,700 median vs $498,600.

Median household income in Salt Lake City is $74,925 compared to $78,448 in Reno (-4.5%). While Reno is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Salt Lake City spend roughly 21.5% of their income on rent, less than the 22.2% in Reno.