Reno, NV vs Ann Arbor, MI: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Ann Arbor, MI and Reno, NV are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Reno works out to about $74,900 in Ann Arbor, before taxes.
- Housing is 1.5% higher in Ann Arbor, goods 2.7% lower and other services 0.8% higher, which roughly cancel out.
- Typical asking rent is $1,917 a month in Ann Arbor and $2,069 in Reno, $1,824 a year less in Ann Arbor (Zillow, September 2026).
- A typical home is valued at about $412,000 in Ann Arbor and $570,000 in Reno.
- 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 Reno and Ann Arbor
Price level by category, 2024. US average = 100.
- Reno, NV
- Ann Arbor, MI
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Reno, NV | Ann Arbor, MI | |
|---|---|---|
| All items | 101.0 | 100.9 |
| Goods | 96.3 | 93.7 |
| Housing (rents) | 123.5 | 125.3 |
| Utilities | 89.3 | 98.2 |
| Other services | 98.7 | 99.6 |
| Category | Reno | Ann Arbor | Ann Arbor vs Reno |
|---|---|---|---|
| All items | 101.0 | 100.9 | −0.1% |
| Goods | 96.3 | 93.7 | −2.7% |
| Housing (rents) | 123.5 | 125.3 | +1.5% |
| Utilities | 89.3 | 98.2 | +10.0% |
| Other services | 98.7 | 99.6 | +0.8% |
| Typical asking rent | $2,069 | $1,917 | −7.3% |
| Typical home value | $570,000 | $412,000 | −27.7% |
| Salary to match $75,000 in Reno | $75,000 | $74,900 | −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 Reno and Ann Arbor has narrowed since 2008: 2.3 points then, 0.1 now
Overall price level each year, 2008–2024. US average = 100.
- Reno, NV
- Ann Arbor, MI
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Reno, NV | Ann Arbor, MI | |
|---|---|---|
| 2008 | 101.3 | 103.6 |
| 2009 | 103.2 | 101.3 |
| 2010 | 101.3 | 101.1 |
| 2011 | 102.9 | 100.4 |
| 2012 | 102.5 | 100.9 |
| 2013 | 100.9 | 100.1 |
| 2014 | 99.9 | 102.6 |
| 2015 | 99.4 | 100.2 |
| 2016 | 98.2 | 98.4 |
| 2017 | 100.5 | 98.5 |
| 2018 | 97.5 | 99.3 |
| 2019 | 100.2 | 100.7 |
| 2020 | 98.3 | 98.6 |
| 2021 | 96.9 | 99.5 |
| 2022 | 97.9 | 97.9 |
| 2023 | 98.0 | 98.2 |
| 2024 | 101.0 | 100.9 |
Goods
- Reno, NV
- Ann Arbor, MI
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Reno, NV | Ann Arbor, MI | |
|---|---|---|
| 2008 | 96.1 | 99.9 |
| 2009 | 101.5 | 102.1 |
| 2010 | 98.1 | 100.4 |
| 2011 | 99.4 | 101.0 |
| 2012 | 99.6 | 99.5 |
| 2013 | 97.5 | 100.0 |
| 2014 | 96.4 | 99.5 |
| 2015 | 96.0 | 98.2 |
| 2016 | 95.2 | 99.1 |
| 2017 | 99.6 | 99.5 |
| 2018 | 95.7 | 97.1 |
| 2019 | 98.8 | 95.9 |
| 2020 | 96.4 | 93.7 |
| 2021 | 96.8 | 94.4 |
| 2022 | 97.1 | 92.1 |
| 2023 | 96.8 | 94.1 |
| 2024 | 96.3 | 93.7 |
Housing (rents)
- Reno, NV
- Ann Arbor, MI
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Reno, NV | Ann Arbor, MI | |
|---|---|---|
| 2008 | 121.2 | 126.3 |
| 2009 | 112.4 | 105.7 |
| 2010 | 111.6 | 113.6 |
| 2011 | 110.4 | 109.9 |
| 2012 | 109.2 | 119.5 |
| 2013 | 108.2 | 109.0 |
| 2014 | 102.0 | 126.4 |
| 2015 | 104.2 | 120.8 |
| 2016 | 104.3 | 110.9 |
| 2017 | 104.4 | 117.9 |
| 2018 | 113.1 | 118.6 |
| 2019 | 115.8 | 124.8 |
| 2020 | 113.5 | 113.5 |
| 2021 | 120.3 | 121.8 |
| 2022 | 124.8 | 113.8 |
| 2023 | 115.9 | 112.1 |
| 2024 | 123.5 | 125.3 |
Utilities
- Reno, NV
- Ann Arbor, MI
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Reno, NV | Ann Arbor, MI | |
|---|---|---|
| 2008 | 94.0 | 99.5 |
| 2009 | 99.3 | 108.3 |
| 2010 | 105.3 | 106.9 |
| 2011 | 100.9 | 109.0 |
| 2012 | 102.6 | 111.0 |
| 2013 | 97.8 | 112.5 |
| 2014 | 106.4 | 105.8 |
| 2015 | 104.9 | 106.2 |
| 2016 | 93.7 | 107.1 |
| 2017 | 88.7 | 109.3 |
| 2018 | 81.8 | 103.4 |
| 2019 | 86.7 | 99.5 |
| 2020 | 84.7 | 103.2 |
| 2021 | 75.2 | 105.7 |
| 2022 | 82.9 | 97.8 |
| 2023 | 89.4 | 97.0 |
| 2024 | 89.3 | 98.2 |
Other services
- Reno, NV
- Ann Arbor, MI
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Reno, NV | Ann Arbor, MI | |
|---|---|---|
| 2008 | 99.3 | 100.2 |
| 2009 | 101.1 | 99.2 |
| 2010 | 99.7 | 98.0 |
| 2011 | 102.8 | 97.4 |
| 2012 | 102.1 | 96.6 |
| 2013 | 101.0 | 97.5 |
| 2014 | 101.5 | 98.8 |
| 2015 | 100.2 | 96.6 |
| 2016 | 98.6 | 94.9 |
| 2017 | 100.6 | 93.4 |
| 2018 | 95.4 | 96.5 |
| 2019 | 97.3 | 98.6 |
| 2020 | 95.4 | 97.8 |
| 2021 | 91.6 | 97.9 |
| 2022 | 92.0 | 98.2 |
| 2023 | 94.3 | 97.7 |
| 2024 | 98.7 | 99.6 |
Rent and home values
Typical asking rent: $1,917 in Ann Arbor vs $2,069 in Reno
Typical asking rent for a new lease, dollars per month. Quarterly.
- Reno, NV
- Ann Arbor, MI
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Reno, NV | Ann Arbor, MI | United States | |
|---|---|---|---|
| Mar 2015 | $1,000 | $1,187 | $1,145 |
| Jun 2015 | $1,024 | $1,212 | $1,170 |
| Sep 2015 | $1,032 | $1,200 | $1,181 |
| Dec 2015 | $1,050 | $1,218 | $1,182 |
| Mar 2016 | $1,069 | $1,211 | $1,195 |
| Jun 2016 | $1,114 | $1,237 | $1,219 |
| Sep 2016 | $1,128 | $1,275 | $1,225 |
| Dec 2016 | $1,128 | $1,274 | $1,222 |
| Mar 2017 | $1,156 | $1,277 | $1,245 |
| Jun 2017 | $1,223 | $1,312 | $1,270 |
| Sep 2017 | $1,259 | $1,327 | $1,276 |
| Dec 2017 | $1,258 | $1,324 | $1,275 |
| Mar 2018 | $1,295 | $1,350 | $1,296 |
| Jun 2018 | $1,353 | $1,371 | $1,320 |
| Sep 2018 | $1,382 | $1,368 | $1,327 |
| Dec 2018 | $1,376 | $1,365 | $1,329 |
| Mar 2019 | $1,392 | $1,419 | $1,349 |
| Jun 2019 | $1,429 | $1,417 | $1,376 |
| Sep 2019 | $1,441 | $1,411 | $1,383 |
| Dec 2019 | $1,438 | $1,412 | $1,381 |
| Mar 2020 | $1,450 | $1,432 | $1,402 |
| Jun 2020 | $1,453 | $1,443 | $1,406 |
| Sep 2020 | $1,510 | $1,423 | $1,410 |
| Dec 2020 | $1,548 | $1,434 | $1,407 |
| Mar 2021 | $1,597 | $1,492 | $1,443 |
| Jun 2021 | $1,677 | $1,522 | $1,512 |
| Sep 2021 | $1,759 | $1,578 | $1,590 |
| Dec 2021 | $1,720 | $1,577 | $1,622 |
| Mar 2022 | $1,752 | $1,622 | $1,661 |
| Jun 2022 | $1,796 | $1,694 | $1,721 |
| Sep 2022 | $1,783 | $1,735 | $1,748 |
| Dec 2022 | $1,754 | $1,705 | $1,735 |
| Mar 2023 | $1,776 | $1,725 | $1,757 |
| Jun 2023 | $1,800 | $1,759 | $1,785 |
| Sep 2023 | $1,794 | $1,779 | $1,797 |
| Dec 2023 | $1,760 | $1,773 | $1,786 |
| Mar 2024 | $1,793 | $1,811 | $1,807 |
| Jun 2024 | $1,845 | $1,842 | $1,837 |
| Sep 2024 | $1,846 | $1,873 | $1,845 |
| Dec 2024 | $1,816 | $1,878 | $1,836 |
| Mar 2025 | $1,860 | $1,876 | $1,860 |
| Jun 2025 | $1,892 | $1,906 | $1,880 |
| Sep 2025 | $1,912 | $1,883 | $1,881 |
| Dec 2025 | $1,911 | $1,908 | $1,873 |
| Mar 2026 | $1,991 | $1,900 | $1,894 |
| Jun 2026 | $2,007 | $1,937 | $1,921 |
| Sep 2026 | $2,069 | $1,917 | $1,932 |
Typical home value: $412,000 in Ann Arbor vs $570,000 in Reno
Typical home value, dollars. Quarterly.
- Reno, NV
- Ann Arbor, MI
- 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
| Reno, NV | Ann Arbor, MI | United States | |
|---|---|---|---|
| Mar 2015 | $255K | $235K | $189K |
| Jun 2015 | $266K | $237K | $192K |
| Sep 2015 | $277K | $241K | $195K |
| Dec 2015 | $288K | $247K | $199K |
| Mar 2016 | $297K | $252K | $202K |
| Jun 2016 | $305K | $254K | $204K |
| Sep 2016 | $309K | $256K | $206K |
| Dec 2016 | $313K | $259K | $209K |
| Mar 2017 | $322K | $264K | $213K |
| Jun 2017 | $328K | $270K | $216K |
| Sep 2017 | $332K | $274K | $219K |
| Dec 2017 | $343K | $277K | $223K |
| Mar 2018 | $356K | $282K | $227K |
| Jun 2018 | $366K | $288K | $230K |
| Sep 2018 | $376K | $293K | $234K |
| Dec 2018 | $380K | $296K | $236K |
| Mar 2019 | $384K | $300K | $239K |
| Jun 2019 | $386K | $305K | $242K |
| Sep 2019 | $388K | $306K | $244K |
| Dec 2019 | $391K | $309K | $247K |
| Mar 2020 | $398K | $311K | $252K |
| Jun 2020 | $400K | $312K | $255K |
| Sep 2020 | $407K | $314K | $260K |
| Dec 2020 | $428K | $322K | $271K |
| Mar 2021 | $456K | $332K | $282K |
| Jun 2021 | $492K | $344K | $296K |
| Sep 2021 | $517K | $345K | $306K |
| Dec 2021 | $535K | $347K | $314K |
| Mar 2022 | $563K | $359K | $330K |
| Jun 2022 | $584K | $373K | $346K |
| Sep 2022 | $568K | $373K | $348K |
| Dec 2022 | $545K | $371K | $345K |
| Mar 2023 | $529K | $372K | $343K |
| Jun 2023 | $528K | $380K | $347K |
| Sep 2023 | $536K | $384K | $352K |
| Dec 2023 | $540K | $383K | $354K |
| Mar 2024 | $545K | $389K | $357K |
| Jun 2024 | $552K | $396K | $361K |
| Sep 2024 | $556K | $396K | $361K |
| Dec 2024 | $562K | $400K | $363K |
| Mar 2025 | $565K | $403K | $364K |
| Jun 2025 | $561K | $402K | $362K |
| Sep 2025 | $558K | $402K | $362K |
| Dec 2025 | $561K | $408K | $364K |
| Mar 2026 | $563K | $412K | $366K |
| Jun 2026 | $563K | $412K | $365K |
| Sep 2026 | $570K | $412K | $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.