Ann Arbor, MI vs Reno, NV: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Reno, NV and Ann Arbor, MI are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Ann Arbor works out to about $75,100 in Reno, before taxes.
- Housing is 1.5% lower in Reno, goods 2.7% higher and other services 0.8% lower, which roughly cancel out.
- Typical asking rent is $2,069 a month in Reno and $1,917 in Ann Arbor, $1,824 a year more in Reno (Zillow, September 2026).
- A typical home is valued at about $570,000 in Reno and $412,000 in Ann Arbor.
- The gap is about where it was in 2019 (0.5%).
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Ann Arbor and Reno
Price level by category, 2024. US average = 100.
- Ann Arbor, MI
- Reno, NV
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Ann Arbor, MI | Reno, NV | |
|---|---|---|
| All items | 100.9 | 101.0 |
| Goods | 93.7 | 96.3 |
| Housing (rents) | 125.3 | 123.5 |
| Utilities | 98.2 | 89.3 |
| Other services | 99.6 | 98.7 |
| Category | Ann Arbor | Reno | Reno vs Ann Arbor |
|---|---|---|---|
| All items | 100.9 | 101.0 | +0.1% |
| Goods | 93.7 | 96.3 | +2.7% |
| Housing (rents) | 125.3 | 123.5 | −1.5% |
| Utilities | 98.2 | 89.3 | −9.1% |
| Other services | 99.6 | 98.7 | −0.8% |
| Typical asking rent | $1,917 | $2,069 | +7.9% |
| Typical home value | $412,000 | $570,000 | +38.3% |
| Salary to match $75,000 in Ann Arbor | $75,000 | $75,100 | +0.1% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Ann Arbor and Reno has narrowed since 2008: 2.3 points then, 0.1 now
Overall price level each year, 2008–2024. US average = 100.
- Ann Arbor, MI
- Reno, NV
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Ann Arbor, MI | Reno, NV | |
|---|---|---|
| 2008 | 103.6 | 101.3 |
| 2009 | 101.3 | 103.2 |
| 2010 | 101.1 | 101.3 |
| 2011 | 100.4 | 102.9 |
| 2012 | 100.9 | 102.5 |
| 2013 | 100.1 | 100.9 |
| 2014 | 102.6 | 99.9 |
| 2015 | 100.2 | 99.4 |
| 2016 | 98.4 | 98.2 |
| 2017 | 98.5 | 100.5 |
| 2018 | 99.3 | 97.5 |
| 2019 | 100.7 | 100.2 |
| 2020 | 98.6 | 98.3 |
| 2021 | 99.5 | 96.9 |
| 2022 | 97.9 | 97.9 |
| 2023 | 98.2 | 98.0 |
| 2024 | 100.9 | 101.0 |
Goods
- Ann Arbor, MI
- Reno, NV
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Ann Arbor, MI | Reno, NV | |
|---|---|---|
| 2008 | 99.9 | 96.1 |
| 2009 | 102.1 | 101.5 |
| 2010 | 100.4 | 98.1 |
| 2011 | 101.0 | 99.4 |
| 2012 | 99.5 | 99.6 |
| 2013 | 100.0 | 97.5 |
| 2014 | 99.5 | 96.4 |
| 2015 | 98.2 | 96.0 |
| 2016 | 99.1 | 95.2 |
| 2017 | 99.5 | 99.6 |
| 2018 | 97.1 | 95.7 |
| 2019 | 95.9 | 98.8 |
| 2020 | 93.7 | 96.4 |
| 2021 | 94.4 | 96.8 |
| 2022 | 92.1 | 97.1 |
| 2023 | 94.1 | 96.8 |
| 2024 | 93.7 | 96.3 |
Housing (rents)
- Ann Arbor, MI
- Reno, NV
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Ann Arbor, MI | Reno, NV | |
|---|---|---|
| 2008 | 126.3 | 121.2 |
| 2009 | 105.7 | 112.4 |
| 2010 | 113.6 | 111.6 |
| 2011 | 109.9 | 110.4 |
| 2012 | 119.5 | 109.2 |
| 2013 | 109.0 | 108.2 |
| 2014 | 126.4 | 102.0 |
| 2015 | 120.8 | 104.2 |
| 2016 | 110.9 | 104.3 |
| 2017 | 117.9 | 104.4 |
| 2018 | 118.6 | 113.1 |
| 2019 | 124.8 | 115.8 |
| 2020 | 113.5 | 113.5 |
| 2021 | 121.8 | 120.3 |
| 2022 | 113.8 | 124.8 |
| 2023 | 112.1 | 115.9 |
| 2024 | 125.3 | 123.5 |
Utilities
- Ann Arbor, MI
- Reno, NV
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Ann Arbor, MI | Reno, NV | |
|---|---|---|
| 2008 | 99.5 | 94.0 |
| 2009 | 108.3 | 99.3 |
| 2010 | 106.9 | 105.3 |
| 2011 | 109.0 | 100.9 |
| 2012 | 111.0 | 102.6 |
| 2013 | 112.5 | 97.8 |
| 2014 | 105.8 | 106.4 |
| 2015 | 106.2 | 104.9 |
| 2016 | 107.1 | 93.7 |
| 2017 | 109.3 | 88.7 |
| 2018 | 103.4 | 81.8 |
| 2019 | 99.5 | 86.7 |
| 2020 | 103.2 | 84.7 |
| 2021 | 105.7 | 75.2 |
| 2022 | 97.8 | 82.9 |
| 2023 | 97.0 | 89.4 |
| 2024 | 98.2 | 89.3 |
Other services
- Ann Arbor, MI
- Reno, NV
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Ann Arbor, MI | Reno, NV | |
|---|---|---|
| 2008 | 100.2 | 99.3 |
| 2009 | 99.2 | 101.1 |
| 2010 | 98.0 | 99.7 |
| 2011 | 97.4 | 102.8 |
| 2012 | 96.6 | 102.1 |
| 2013 | 97.5 | 101.0 |
| 2014 | 98.8 | 101.5 |
| 2015 | 96.6 | 100.2 |
| 2016 | 94.9 | 98.6 |
| 2017 | 93.4 | 100.6 |
| 2018 | 96.5 | 95.4 |
| 2019 | 98.6 | 97.3 |
| 2020 | 97.8 | 95.4 |
| 2021 | 97.9 | 91.6 |
| 2022 | 98.2 | 92.0 |
| 2023 | 97.7 | 94.3 |
| 2024 | 99.6 | 98.7 |
Rent and home values
Typical asking rent: $2,069 in Reno vs $1,917 in Ann Arbor
Typical asking rent for a new lease, dollars per month. Quarterly.
- Ann Arbor, MI
- Reno, NV
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Ann Arbor, MI | Reno, NV | United States | |
|---|---|---|---|
| Mar 2015 | $1,187 | $1,000 | $1,145 |
| Jun 2015 | $1,212 | $1,024 | $1,170 |
| Sep 2015 | $1,200 | $1,032 | $1,181 |
| Dec 2015 | $1,218 | $1,050 | $1,182 |
| Mar 2016 | $1,211 | $1,069 | $1,195 |
| Jun 2016 | $1,237 | $1,114 | $1,219 |
| Sep 2016 | $1,275 | $1,128 | $1,225 |
| Dec 2016 | $1,274 | $1,128 | $1,222 |
| Mar 2017 | $1,277 | $1,156 | $1,245 |
| Jun 2017 | $1,312 | $1,223 | $1,270 |
| Sep 2017 | $1,327 | $1,259 | $1,276 |
| Dec 2017 | $1,324 | $1,258 | $1,275 |
| Mar 2018 | $1,350 | $1,295 | $1,296 |
| Jun 2018 | $1,371 | $1,353 | $1,320 |
| Sep 2018 | $1,368 | $1,382 | $1,327 |
| Dec 2018 | $1,365 | $1,376 | $1,329 |
| Mar 2019 | $1,419 | $1,392 | $1,349 |
| Jun 2019 | $1,417 | $1,429 | $1,376 |
| Sep 2019 | $1,411 | $1,441 | $1,383 |
| Dec 2019 | $1,412 | $1,438 | $1,381 |
| Mar 2020 | $1,432 | $1,450 | $1,402 |
| Jun 2020 | $1,443 | $1,453 | $1,406 |
| Sep 2020 | $1,423 | $1,510 | $1,410 |
| Dec 2020 | $1,434 | $1,548 | $1,407 |
| Mar 2021 | $1,492 | $1,597 | $1,443 |
| Jun 2021 | $1,522 | $1,677 | $1,512 |
| Sep 2021 | $1,578 | $1,759 | $1,590 |
| Dec 2021 | $1,577 | $1,720 | $1,622 |
| Mar 2022 | $1,622 | $1,752 | $1,661 |
| Jun 2022 | $1,694 | $1,796 | $1,721 |
| Sep 2022 | $1,735 | $1,783 | $1,748 |
| Dec 2022 | $1,705 | $1,754 | $1,735 |
| Mar 2023 | $1,725 | $1,776 | $1,757 |
| Jun 2023 | $1,759 | $1,800 | $1,785 |
| Sep 2023 | $1,779 | $1,794 | $1,797 |
| Dec 2023 | $1,773 | $1,760 | $1,786 |
| Mar 2024 | $1,811 | $1,793 | $1,807 |
| Jun 2024 | $1,842 | $1,845 | $1,837 |
| Sep 2024 | $1,873 | $1,846 | $1,845 |
| Dec 2024 | $1,878 | $1,816 | $1,836 |
| Mar 2025 | $1,876 | $1,860 | $1,860 |
| Jun 2025 | $1,906 | $1,892 | $1,880 |
| Sep 2025 | $1,883 | $1,912 | $1,881 |
| Dec 2025 | $1,908 | $1,911 | $1,873 |
| Mar 2026 | $1,900 | $1,991 | $1,894 |
| Jun 2026 | $1,937 | $2,007 | $1,921 |
| Sep 2026 | $1,917 | $2,069 | $1,932 |
Typical home value: $570,000 in Reno vs $412,000 in Ann Arbor
Typical home value, dollars. Quarterly.
- Ann Arbor, MI
- Reno, NV
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Ann Arbor, MI | Reno, NV | United States | |
|---|---|---|---|
| Mar 2015 | $235K | $255K | $189K |
| Jun 2015 | $237K | $266K | $192K |
| Sep 2015 | $241K | $277K | $195K |
| Dec 2015 | $247K | $288K | $199K |
| Mar 2016 | $252K | $297K | $202K |
| Jun 2016 | $254K | $305K | $204K |
| Sep 2016 | $256K | $309K | $206K |
| Dec 2016 | $259K | $313K | $209K |
| Mar 2017 | $264K | $322K | $213K |
| Jun 2017 | $270K | $328K | $216K |
| Sep 2017 | $274K | $332K | $219K |
| Dec 2017 | $277K | $343K | $223K |
| Mar 2018 | $282K | $356K | $227K |
| Jun 2018 | $288K | $366K | $230K |
| Sep 2018 | $293K | $376K | $234K |
| Dec 2018 | $296K | $380K | $236K |
| Mar 2019 | $300K | $384K | $239K |
| Jun 2019 | $305K | $386K | $242K |
| Sep 2019 | $306K | $388K | $244K |
| Dec 2019 | $309K | $391K | $247K |
| Mar 2020 | $311K | $398K | $252K |
| Jun 2020 | $312K | $400K | $255K |
| Sep 2020 | $314K | $407K | $260K |
| Dec 2020 | $322K | $428K | $271K |
| Mar 2021 | $332K | $456K | $282K |
| Jun 2021 | $344K | $492K | $296K |
| Sep 2021 | $345K | $517K | $306K |
| Dec 2021 | $347K | $535K | $314K |
| Mar 2022 | $359K | $563K | $330K |
| Jun 2022 | $373K | $584K | $346K |
| Sep 2022 | $373K | $568K | $348K |
| Dec 2022 | $371K | $545K | $345K |
| Mar 2023 | $372K | $529K | $343K |
| Jun 2023 | $380K | $528K | $347K |
| Sep 2023 | $384K | $536K | $352K |
| Dec 2023 | $383K | $540K | $354K |
| Mar 2024 | $389K | $545K | $357K |
| Jun 2024 | $396K | $552K | $361K |
| Sep 2024 | $396K | $556K | $361K |
| Dec 2024 | $400K | $562K | $363K |
| Mar 2025 | $403K | $565K | $364K |
| Jun 2025 | $402K | $561K | $362K |
| Sep 2025 | $402K | $558K | $362K |
| Dec 2025 | $408K | $561K | $364K |
| Mar 2026 | $412K | $563K | $366K |
| Jun 2026 | $412K | $563K | $365K |
| Sep 2026 | $412K | $570K | $366K |
More about each city
Related comparisons
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.