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Economic Pain Divides Voters in Key Swing City
Tags: Current Focus, Early Warning, United States, Automobiles, Housing / Real Estate, The Economy, Inequality / Upward Mobility, Movement for Renewal of America, 2. Cost of Living Action, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 10. Health- Body/Mind Wellbeing for All ,
Reno, Nevada, has high unemployment and high housing costs. The shift of higher income people from California to Reno, and the building of a mega Tesla plant in the area have pushed up housing costs. The population of Reno in Washoe County increased by 25 percent or 100,000 since 2019. With casino hotels the employees incomes lag behind high grocery costs. Housing takes a larger share of the household budget so that many people are living on the edge.
One retiree sees rent for a 2 bedroom home go up to $1600, leaving $600 for groceries. He uses a mobile food bank parked outside a middle school. Food bank officials says they serve 155,000 people, up 70% since 2019. A retired electrician says his electric bill has doubled to $300 leaving less from a $1500 social security check.
Comparing 2023 to 2019- Rents jumped 34% in Reno, in the US it was 28%. An average home jumped 43% from $383,000 to $549,000.
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