Is the cost for people in Washoe County Nevada going to high ?
Reno and Sparks Nevada is a city of growth in 2016 and 2017. The city managed to attract Tesla and Panasonic out on USA Parkway. This added several thousands of employment opportunities. However it did not stop just at these companies Google also added to this area and several other companies including Chewy. Among many other new companies in the Washoe County area.
In 2015 the population of Reno was approximately 241,00, and Sparks was 96,000. According to many resources that population is expected to grow to 639,000 by 2019 in the Washoe County Area. This has brought in construction of many homes and developments in the area as well. There are estimates of job growth of 50,000 jobs and expected to hit around 400.000 by 2019.
This comes after the Washoe area had suffered a huge rescission in the past years. In May of 2017 the unemployment rate in Reno was 4.4 percent the lowest it has been since 2001. The average median household in 2017 is around $47,000 dollars in the Washoe Area.
The cost of living is currently estimated at 4.6 percent higher than the National Average. A two bedroom apartment in Washoe County is estimated to be at around $1,000 per month, and the average price of a three bedroom, two bathroom house averages $310,000. The average monthly house payment estimates are around $1,100 per month. It is estimated that it cost a family of 4 people is around $2.500 per month and a single person around $700.00 without rent or house payments.
However is this all good news or is the Washoe County area rental and housing prices, along with food and other utility prices are on the increase as well. Many people worry that the Washoe County is growing to fast and the prices are going to increase and the people will suffer the cost.
There is no telling the future but it seems as growth in this area is happening quickly, and this is increasing prices in the area. Though some of these new companies offer higher wages than the casino industry it seems as it may be possible the growth and increase in prices may not match the salaries of the workers in the area.
In 2015 the population of Reno was approximately 241,00, and Sparks was 96,000. According to many resources that population is expected to grow to 639,000 by 2019 in the Washoe County Area. This has brought in construction of many homes and developments in the area as well. There are estimates of job growth of 50,000 jobs and expected to hit around 400.000 by 2019.
This comes after the Washoe area had suffered a huge rescission in the past years. In May of 2017 the unemployment rate in Reno was 4.4 percent the lowest it has been since 2001. The average median household in 2017 is around $47,000 dollars in the Washoe Area.
The cost of living is currently estimated at 4.6 percent higher than the National Average. A two bedroom apartment in Washoe County is estimated to be at around $1,000 per month, and the average price of a three bedroom, two bathroom house averages $310,000. The average monthly house payment estimates are around $1,100 per month. It is estimated that it cost a family of 4 people is around $2.500 per month and a single person around $700.00 without rent or house payments.
However is this all good news or is the Washoe County area rental and housing prices, along with food and other utility prices are on the increase as well. Many people worry that the Washoe County is growing to fast and the prices are going to increase and the people will suffer the cost.
There is no telling the future but it seems as growth in this area is happening quickly, and this is increasing prices in the area. Though some of these new companies offer higher wages than the casino industry it seems as it may be possible the growth and increase in prices may not match the salaries of the workers in the area.
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