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
National Ranking
Affordability Rank
Storey County ranks #1,199 of 3,144 counties for affordability (top 38%)
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.
Cost of Living Advisory: Storey County
Affordability Verdict
Storey County offers affordable rental housing at a median of $1,007/month — about 12.6% of the typical household income here.
Rent vs. Own
At $1,007/month rent versus $1,352/month in owner costs, renting is roughly $345/month cheaper — a 26% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $40,280/year. For owner costs at the 28% rule, the required income is roughly $57,943/year. With a median household income of $96,000, most households can comfortably afford rent here. Notably, 19.0% of renter households in Storey County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Lander County where rent averages $1,066/month, Storey County is approximately 6% less expensive.
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
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.
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