Cost of Living in Incline Village, NV

With a cost of living index of 202, Incline Village, NV is one of the most expensive cities in the United States. Living here is 102% more expensive than the national average and 92% above the Nevada state average of 109. Incline Village is a smaller community of 9,152 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Incline Village's cost of living. The median monthly rent is $1,963 (49% above the US median of $1,319), and the median home value sits at $1,315,700 (332% above the national median of $304,900). At current prices, the median home costs roughly 8.1x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Incline Village is $162,821, which is 117% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Incline Village. The area sees an average annual temperature of 55°F, with summers averaging 74°F and winters around 38°F. Annual rainfall totals 7.4 inches spread over roughly 51 days.

Everyday prices in the Reno, NV (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.