SellingNorthernNV

Quality Real Estate News and Market Data

Quick Statistics for Reno and Surrounding Area

As of Aug 25, 2007

COST OF LIVING INDEX

San Francisco, CA

170.6

Los Angeles, CA

158.2

San Jose, CA

156.0

Sacramento, CA

120.1

Reno-Sparks MSA, NV

109.7

Phoenix, AZ

103.8

Salt Lake City, UT

102.9

Denver, CO

100.4

Boise, ID

98.0

Source: ACCRA Cost of Living Index 1st Quarter 2006

CLIMATE IN NORTHERN NEVADA

Temperature

High

Low

Annual

67.4°

35.2°

January

45.5°

21.8°

April

64.1°

33.2°

July

91.2°

51.4°

October

69.9°

34.0°

Days above 90

53

Relative Humidity

53%

Annual Water Total

7.48”

Annual Snow Total

24.3”

Clear/partly cloudy days

251

Phoenix, AZ

103.8

Salt Lake City, UT

102.9

Denver, CO

100.4

Boise, ID

98.0

Source: Western Regional Climate Center

PER CAPITA PERSONAL INCOME FOR SELECT MSAs 2004

Area Name

Dollars

U.S. Ranking

San Francisco, CA

$49,276

2

San Jose, CA

$48,530

3

Denver, CO

$40,939

12

Reno-Sparks MSA

$39,430

19

Los Angeles, CA

$35,188

47

Sacramento, CA

$33,338

74

Salt Lake City, UT

$31,419

119

Phoenix, AZ

$31,133

128

Boise, ID

$30,545

139

Source: Bureau of Economic Analysis

Washoe County Median Household Income = $47,402
US Median Household Income = $44,684
(US Census Bureau, 2004 American Community Survey)

AVERAGE HOME PRICE

Area Name

Home Price*

2 Bed Rent

San Francisco, CA

$873,361

$1987

San Jose, CA

$828,210

$1186

Los Angeles, CA

$848,780

$1630

Sacramento, CA

$500,555

$924

Reno-Sparks MSA

$360,800

$760

Phoenix, AZ

$356,809

$760

Denver, CO

$333,075

$741

Salt Lake City, UT

$305,975

$750

Boise, ID

$264,000

$757

Source: ACCRA Cost of Living Index 1st Q 2006

* total purchase price of a 2,400 sq ft new home on 8,000 sq ft lot in urban area with all utilities

** apartment, monthly rent for a 2 bed unfi nished excluding all utilities except water, 1 ½ or 2 bath, 950 sq ft.

AVERAGE ANNUAL GROWTH

1990-00

2000-10

2010-20

Northwest* Nevada

3.3%

22.3%

13.6%

RENO-SPARKS MSA POPULATION

Population

2002

2003

2004

2005

Washoe County

359,423

373,233

383,452

396,844

Northwest* Nevada

500,895

519,036

535,845

556,928

POPULATION PROJECTIONS

Population

2010

2015

2020

Washoe County

415,402

442,878

466,546

Northwest* Nevada

583,000

625,000

661,941

Nevada

2,806,940

3,125,677

3,412,147

Source: Office of the State Demographer

* Northwest Nevada: Washoe, Carson, Douglas, Lyon and Storey Counties

RENO-SPARKS MSA RACE & ETHNICITY 2005

Race

% of Pop.

Caucasion

69.7%

African American

2.2%

American Indian, Escimo, or Aluet*

1.9%

Asian or Pacific Islander

5.9%

Hispanic Origin

20.3%

Source: Nevada Office of the State Demographer

*not of Hispanic origin

RENO-SPARKS MSA AGE DISTRIBUTION 2002

Age

Persons

% of Pop

0-19

112575

28.1%

20-39

116218

29.0%

40-64

130499

32.6%

65-85+

41565

10.4%

Source: Nevada Offi ce of the State Demographer

EDUCATIONAL ATTAINMENT RENO-SPARKS MSA

27% of population (25 and older) with bachelor’s degree or higher (equal to national average)

Source: US Census, 2004 American Community Survey

FORTUNE 500 COMPANIES DOING BUSINESS IN NORTHERN NEVADA

THIRTY-FIVE FORTUNE 500 COMPANIES AND NINE OF FORTUNE’S TOP 20 OF AMERICA’S MOST ADMIRED COMPANIES HAVE A SIGNIFICANT PRESENCE IN NORTHERN NEVADA.

These companies represent a range of top multi-national brands that have chosen Reno/Sparks/Lake Tahoe to do business because of Nevada’s tax-friendly climate and unparalleled quality of life.

Rating # Corporation
2 Wal-Mart Stores*
3 General Mortors
7 General Electric*
25 Dell*
27 AmerisourceBergen
31 Pfizer
39 AT&T
44 United Parcel Service*
48 Microsoft*
61 PepsiCo*
68 Sysco
70 FedEx*
79 Alcoa
83 Cisco Systems
89 Coca-Cola
90 Weyerhaeuser
96 Deere
118 J.C. Penney
159 Apple Computer*
196 Oracle
209 Arrow Electronics
215 Aramark
265 R.R. Donnelley & Sons
272 Amazon.com
311 Sherwin-Williams
338 Starbucks*
379 C.H. Robinson Worldwide
380 Harley-Davidson
413 Charter Communications
418 Charles Schwab
422 Barnes & Noble
424 US Airways Group
445 Henry Schein
460 Clorox
461 Newmont Mining
476 Graybar Electric

Source: Fortune magazine, April 2006;

*America’s Most Admired Companies 2006

Related Topics:
Home Sales Up Prices Down

Should you have any questions or need further information, please don’t hesitate to contact me,(775) 220-1630
Or visit my website at www.SellingNorthernNV.com


Joshua Talayka
Chase International
Office: 775 850 5900
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521


About The Author

Josh Talayka
Aside from my knowledge and experience in the Real Estate Industry, i also bring to the table a background in both Retail Sales and the Information Technology Industry. My Sales experience gives me the ability to handle objections easily and quickly take control in any negotiation. Whether you are looking to buy or sell, I guarantee that with me in your corner you’ll have the upper hand throughout the transaction. My experience in the Information Technology Industry gives me a unique edge in today’s high paced, internet driven world.

Comments

One Response to “Quick Statistics for Reno and Surrounding Area”

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