Cost of Living in Storey County, Nevada
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Storey County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Storey County, Nevada
Storey's high incomes offset high rents
Storey County's rent-to-income ratio of 12.6% sits below the national average despite median rent of $1,007, thanks to the highest household income ($96,000) among all eight counties studied. This wealthy mining and Reno-adjacent county allows even renters to spend comfortably below one-seventh of earnings on housing.
Top earners in Nevada
Storey County ranks among Nevada's most affordable counties with a 12.6% rent-to-income ratio, bettered only by Lander (15.1%) and Pershing (11.1%), with the state average at 18.1%. The county's exceptional household income of $96,000—22% above the state norm—enables renters to manage higher rents comfortably.
Highest incomes, moderate rents
Storey County's $1,007 median rent mirrors Nye County ($1,013) and Pershing County ($667 plus income advantage), but Storey's $96,000 median household income dwarfs all peers except Washoe County ($85,600). This income premium transforms affordability: Storey's $1,007 rent consumes just 12.6% of earnings versus Lyon's 20.6% for nearly identical rent.
Ownership requires significant wealth
Storey renters pay $1,007 monthly while homeowners pay $1,352—a $345 premium that consumes 16.9% of the $96,000 median income, making ownership a luxury for the already-affluent. The median home value of $393,100 is the second-highest among the counties, requiring substantial down payments even for high-income households.
Premium location for top earners
Storey County suits high-income professionals and executives who can afford both its premium home prices ($393,100 median) and access to Reno's job market. If relocating with household income above $96,000, Storey offers the lowest rent-to-income ratio alongside Nevada's highest earning potential and Reno-area amenities.
Affordability Calculator
See how your income compares to housing costs in Storey County
Rent Burden
12.6%
of gross income
Max Housing (28% Rule)
$2,240
per month
Owner Cost Burden
16.9%
of gross income
The median home in Storey County may be a stretch
Median home value is $393,100. Estimated monthly cost: $3,138 vs. your max of $2,240.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.