Reno is a city that always rises to new heights, and in many ways the city has re-invented itself in recent years. Alongside industries that have long been thriving in Reno, the city has grown into an attractive place for large, corporate businesses (especially in the tech sector) to lay down roots, due to an excellent financial situation, strong, growing workforce, and the continued growth of a luxurious, vibrant city that employees love to call home. Our real estate agents have more on how Reno has grown into a commercial powerhouse, and why it's also a fantastic place for anyone interested in luxury living.
A Beneficial Tax Situation for Residents and Businesses
One perk of living in Reno is that you get to keep more of your money than you would when living in many other cities. Reno consistently ranks as one of America's most tax-friendly cities, with no personal income tax, no inheritance tax, and lower property taxes than you'll find in most cities. Large businesses enjoy tax benefits as well, with lower than average payroll taxes and no inventory tax. A tax-friendly and overall business-friendly atmosphere has helped attract a wide range of new businesses to Reno, from small, local businesses to large, national corporations including Apple and Google.
A Strong Local Workforce
Many of the same benefits that make Reno a great place for businesses to set up shop also make it an attractive place to own a home. In addition to the tax benefits, Reno offers a wide range of both affordable and luxury housing, short commute times, and endless recreation/entertainment options for when you're off the clock. It's not just one thing that has made Reno such a hub, but rather a combination of factors that mix an excellent work environment with a desirable lifestyle.
Reno Is Revitalizing
With an influx of new businesses and residents, we've also seen parts of Reno transformed in recent years, especially downtown. The Riverwalk District and Midtown have both seen significant revitalization, which has been a big factor in drawing new small businesses to the city. From shops to restaurants, nightlife destinations, entertainment venues, and more, there have been so many wonderful new businesses popping up around Reno in recent years. This is great news if you live in the city, or if you've been looking for the perfect place to set up a small business of your own.
A Convenient, Central Location
In addition to all that you can find within city limits, Reno boasts a convenient location that's relatively close to a variety of business and tech hubs. These include Silicon Valley, which is another reason why you see some of the biggest names in American tech developing a significant presence in Reno. For more distant travel, Reno-Tahoe International Airport is home to 11 airlines, with more than 130 flights available each day.
The benefits of Reno's location don't just apply to business. Buyers seeking luxury living will surely find that in Reno, and the city is also located close to one of the most scenic luxury getaways in the world. Lake Tahoe is just 45 minutes from Reno, offering endless outdoor beauty to explore from ski slopes to quaint lakeside villages, with new things to see and activities to enjoy every season.
Ready to find your next home, and learn why so many people love living in Reno? Our local team is here to help with all of your real estate needs. Contact us to buy and sell homes throughout the Reno, NV area.
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