People in Reno have more opportunity to be healthy and wealthy than in most places. Many desirable places are very expensive in several aspects, making it difficult to ever achieve the American dream of a high quality of life. I don’t understand why anyone would settle for living in a place that is essentially going to rob them of their hard work through higher costs of taxes, living, transportation, etc. Below is a list of 4 reasons why you can more easily maximize your health and wealth in Reno.
1. Taxes: The state of NV does not have income tax. That sounds nice, but what does that really mean when translated into a dollar amount? Here are the 2014 California tax brackets. As you can see, for singles making between $49,774 and $254250 you pay 9.3% plus $2,191.48. In other words, if you make $100,000 in Ca you would pay $11,491.48. If you could relocate your job to NV you would save $11,491 PER YEAR. That’s almost an extra $60,000 in your pocket in 5 years. How much would the state of NV have to “pay you” in tax savings before you would consider moving? What’s your price?
2. Low Business Taxes: Consider what I mentioned above and convince your company to open a branch or relocate to the area so you can take advantage of the taxes. In addition to saving money personally, you can cite the amount your company will be saving by relocating to the area. This page describes the lack of business taxes NV offers. To point out a few, there are no corporate incomes taxes, no taxes on corporate shares, no franchise taxes, etc.
3. Low Housing Costs: I can tell you from being a connected loan officer that the cost for housing is very inexpensive compared to places like San Francisco. You could buy a beautiful new house on a golf course in a gated community for what most would probably consider average down there. I have connections to some of the top realtors in the area and I would gladly put you in contact with them if you’re interested in learning more. Additionally, rent is also very affordable. I currently have 4 friends renting a 3100 square foot house with 4 bed rooms, granite counter top island kitchen, huge backyard, 2 living rooms downstairs, 1 loft upstairs, etc and they pay $1800 a month. This circumstance is not uncommon. Here are some stats regarding low housing costs.
4. Clean Water/Healthy Food: It’s scary to think the most essential ingredient to life, water, is contaminated to some degree in most places. Here are some facts from the Truckee Meadow Water Authority, stating that Reno has some of the cleanest water in the country. Surprisingly the air quality in Reno and even Tahoe is not rated among the highest in the country, although it’s much better than many big cities. Some of my coworkers moved up from LA and they comment on how fresh the air smells. Also there are farms to the east where you can buy organic, free range meat, and you can get fresh vegetables at the farmers market or at the River School.
With all of this to consider, what would hold you back from living in Reno. Isn’t your health and wealth among your top priorities? Leave me a comment and let me know what you think.