Cost of Living in Reno city (Parker and Tarrant Counties), TX

With a cost of living index of 95, Reno city (Parker and Tarrant Counties), TX is slightly more affordable than average. Living here is 5% cheaper than the national average and 8% above the Texas state average of 88. Reno city (Parker and Tarrant Counties) is a small community of 3,156 residents.

Housing costs are the biggest factor in Reno city (Parker and Tarrant Counties)'s cost of living. The median monthly rent is $1,167 (12% below the US median of $1,319), and the median home value sits at $294,800 (3% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Reno city (Parker and Tarrant Counties) is $92,857, which is 24% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Reno city (Parker and Tarrant Counties). The area sees an average annual temperature of 67.8°F, with summers averaging 85°F and winters around 50°F. Annual rainfall totals 32.6 inches spread over roughly 72 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Dallas-Fort Worth-Arlington, TX (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher 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.