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retire

Finding the Best Places to Retire Since 2006!

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Retire in Reno, Nevada

Overview:   Reno sits at the base of the Sierra Nevada Mountains in western Nevada and is about an hour north of Lake Tahoe. It started out as a farming community in the mid-1800s and grew when silver was discovered in nearby Virginia City.

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For the last 50 years, Reno has been known as a kind of second tier gambling town, with flashy but slightly faded casinos, shows and nightclubs. The city was particularly hard by the Great Recession, but now it is growing again, and new industries are taking hold. The city is working hard to shed some of its gambling image and reposition itself as a technolgy hub. Companies not related to gaming, including Amazon and Tesla Motors, are helping make this happen by building new facilities here or nearby. A new hotel has been built without a casino, and new restaurants without slot machines are emerging. Several ski resorts are 20 to 25 miles away, and sparkling Lake Tahoe is just 50 miles to the southwest.

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Reno also has a good menu of cultural venues, including Artown, the Reno Philharmonic Orchestra, the Reno Little Theater, the Ageless Repertory Theater and the Nevada Museum of Art. Summit Mall has Dillard's and Meadwood Mall has Macy's, Sears and specialty stores. Well reviewed restaurants, many located downtown, are in good supply. Neighborhoods meander and are primarily populated with ranch ramblers and raised ranch ramblers.

Population:  245,000 (420,000 in the Reno-Sparks metro area)

Cost of Living:  17% above the national average

Median Home Price:  $360,000

Percentage of Population 45 or Better:  33%

Climate:  Summer temperatures are in the 90s, but the area cools off quickly when the sun sets.  Winter temperatures in the 20s, 30s, 40s.  On average, the area receives seven inches of rain and 21 inches of snow per year.  The elevation is 4,500 feet above sea level.

At Least One Hospital Accepts Medicare Patients?   Yes

At Least One Hospital Accredited By Joint Commission?   Yes

Public Transit:   RTC Rides Bus Line, RTC Spirit (free downtown service) and RTC Intercity (transit between Reno and Carson City) serve the city.

Public Library:  Yes

Crime Rate:   Slightly above the national average; some neighborhoods are better than others

Political Leanings:   Liberal

Is Nevada Considered Tax Friendly for Retirement?   Yes

Cons:  The area has an earthquake risk 900% higher than the national average. 

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Recommended as a Retirement Spot?    Yes

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Nevada:

The Sagebrush State entered the Union during the Civil War on October 31, 1864. It was the first state to ratify the 15th Amendment and give African American men the right to vote. Gambling may be Nevada's claim to fame. The state has approximately one slot machine for every 10 residents. Las Vegas has more hotel rooms than any other city on earth.

Although Nevada is the home of Lake Mead, Hoover Dam, and Lake Tahoe, water is a scarce commodity. The landscape can be characterized by alkalai sinks and sage brush. Nevada's named mountain ranges include the Battle, Monitor, Sierra Nevada, and Snake chains. Winters in Northwest Nevada can be cold. Summers in the south can be inhospitable.

Nevada is the largest gold producing state in the nation. Copper, silver, and mercury add to the state's wealth. Tourism, however, drives the state. Gambling taxes are its chief source of revenue.

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Stats:

Population - 2,940,058

Persons 65 years old and over - 15%

High school graduates, persons age 25+ - 85% 

Bachelor's degree or higher, persons age 25+ - 23% 

Persons of Hispanic or Latino origin - 28% 

White persons, not Hispanic - 55% 

Median household income - $51,824 

Median home value - $173,700 

Social Security taxed? No

Source: U.S. Census Bureau

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