Is it cheaper to live in Concord or Reno?

Reno, NV is cheaper. Its monthly baseline of $1,350 (1BR rent + utilities) runs about 4% below Concord, NH's $1,410, mainly because of electricity costs.

How much more do you need to earn to live in Concord than in Reno?

To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Concord versus $48,000 in Reno.

Which has lower taxes, Concord or Reno?

Concord is taxed under New Hampshire's rules (no state income tax and no state sales tax); Reno under Nevada's (no state income tax and a 6.85% state sales tax).

Concord vs Reno Cost of Living 2026

Concord

New Hampshire

$1,410/mo est.

Reno

Nevada

$1,350/mo est.

Monthly estimate = 1BR rent + electricity + gas

A one-person monthly baseline (1BR rent plus typical utilities) runs $1,410 in Concord, NH versus $1,350 in Reno, NV. Overall, Reno, NV is roughly 4% cheaper to live in day-to-day than Concord, NH, driven mainly by electricity costs.

Median household income is $83,701 in Concord, NH and $78,448 in Reno, NV — about 6% higher in Concord, NH. New Hampshire has no state income tax and no state sales tax; Nevada has no state income tax and a 6.85% state sales tax.

Concord, NH

Reno, NV

Rent

Studio

$876

$964

+10% in Reno, NV

1 Bedroom

$1,134

$1,206

+6% in Reno, NV

2 Bedroom

$1,475

$1,518

+3% in Reno, NV

3 Bedroom

$1,769

$1,885

+7% in Reno, NV

Buying a Home

Median Home Value

$323,700

$498,600

+54% in Reno, NV

Income

Median Household Income

$83,701

$78,448

+6% in Concord, NH

Metro Median Wage (annual)

—

$49,660

People & Lifestyle

Median Age

40.7 yr

37.3 yr

+3.4 yr in Concord, NH

Homeownership

57.4%

49.4%

+8.0 pp in Concord, NH

Bachelor's+ (25+)

40.1%

35.7%

+4.4 pp in Concord, NH

Avg Commute

23.2 min

20.6 min

+2.6 min in Concord, NH

Crime (per 100k/yr)

Violent Crime

180.7

528.9

+193% in Reno, NV

Property Crime

1,251.5

2,489.3

+99% in Reno, NV

FBI Crime Data Explorer. Offenses per 100,000 residents per year; agency reporting practices vary, so this is approximate.

Climate

Avg Annual Temperature

46.4°F

53.8°F

+7.4°F in Reno, NV

Annual Precipitation

40.6 in

7.4 in

+33.2 in in Concord, NH

Gas

Regular Gasoline

$3.94/gal

$5.21/gal

+32% in Reno, NV

Area: East Coast (PADD 1) vs West Coast (PADD 5).

Utilities

Electricity (¢/kWh)

27.0

13.1

+51% in Concord, NH

Natural Gas ($/MCF)

$21.67

$13.83

+36% in Concord, NH

Residential, state-level averages (EIA). MCF = 1,000 cubic feet.

Groceries

Milk (gal)

$4.31

$4.82

+12% in Reno, NV

Bread (lb)

$1.92

$2.04

+6% in Reno, NV

Eggs (doz)

$2.19

about equal

Ground Beef (lb)

$6.90

$7.36

+7% in Reno, NV

Chicken (lb)

$2.19

$2.01

+8% in Concord, NH

Bananas (lb)

$0.69

$0.70

about equal

Average prices — Northeast vs West (BLS). Regional where available, otherwise U.S. average.

State Taxes

Sales Tax (NH / NV)

None

6.85%

+6.8 pp in NV

Income Tax (top rate)

None

about equal

Concord vs Reno — FAQ

Is it cheaper to live in Concord or Reno?: Reno, NV is cheaper. Its monthly baseline of $1,350 (1BR rent + utilities) runs about 4% below Concord, NH's $1,410, mainly because of electricity costs.
How much more do you need to earn to live in Concord than in Reno?: To keep rent near the recommended 30% of gross income, you'd want to earn roughly $45,000 a year in Concord versus $48,000 in Reno.
Which has lower taxes, Concord or Reno?: Concord is taxed under New Hampshire's rules (no state income tax and no state sales tax); Reno under Nevada's (no state income tax and a 6.85% state sales tax).

Sources: US Census Bureau, ACS 5-Year (rent, income, home value, demographics); NOAA Climate Normals 1981–2010 (climate); EIA weekly retail (gas); Tax Foundation 2026 (state taxes).