Fallon, NV Cost Of Living
Cost Of Living In Fallon, NV Summary
Cost of living in Fallon research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fallon is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fallon is 98, with 100 being the average.
The cost of living index in Fallon is 1.0x lower than the national average.
Fallon ranks as the #6 cheapest in Nevada out of 33.
Fallon ranks as the #2,890 cheapest out of 6,412 in the US.
The median home value in Fallon is $191,900.
The median income in Fallon is $49,785.
Table Of Contents
Fallon's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Fallon, NV?
According to the most recent data on the cost of living, Fallon has an overall cost of living index of 98, which is 1.0x lower than the national index of 100.
Compared to Nevada, Fallon has a cost of living index that's 1.0x lower than Nevada's index of 101.
The standard of living in Fallon ranks as #6 most affordable out of the 33 places we measured in Nevada. By definition, that implies Fallon ranks as the #27 most expensive place in the Silver State.
For more reading on life in Fallon, check out:
- Living In Fallon
- Fallon Crime Report
- Search Homes For Sale In Fallon, NV
In Nevada
In America
Fallon Cost Of Living Vs. Nevada
Six factors go into calculating the cost of living index in Fallon. Here is how it fairs on each of the criteria:
The Services index in Fallon is 104.
The Groceries index in Fallon is 114.
The Health index in Fallon is 115.
The Housing index in Fallon is 76.
The Transportation index in Fallon is 127.
The Utilities index in Fallon is 85.
| Living Expense | Fallon | Nevada | National Average | |
|---|---|---|---|---|
| Overall | 98 | 101 | 100 | |
| Services | 104 | 91 | 100 | |
| Groceries | 114 | 103 | 100 | |
| Health | 115 | 93 | 100 | |
| Housing | 76 | 111 | 100 | |
| Transportation | 127 | 114 | 100 | |
| Utilities | 85 | 97 | 100 | |
Fallon, NV Housing Cost Breakdown
Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fallon is $191,900.
The Median Rent in Fallon is $1,017.
The Median Income in Fallon is $49,785.
The Home Value To Income in Fallon is 3.9x.
The Rent To Monthly Income in Fallon is 0.25x.
| Statistic | Fallon | Nevada | United States |
|---|---|---|---|
| Median Home Value | $191,900 | $315,900 | $244,900 |
| Median Rent | $1,017 | $1,238 | $1,163 |
| Median Income | $49,785 | $65,686 | $69,021 |
| Home Value To Income | 3.9x | 4.8x | 3.5x |
| Rent To Monthly Income | 0.25x | 0.23x | 0.2x |
Median Home Value
Median Rent
Median Income
Fallon, NV Costs By Category
Detailed Fallon Services Costs Vs. Nevada
Detailed Fallon Groceries Costs Vs. Nevada
Detailed Fallon Health Costs Vs. Nevada
Detailed Fallon Transportation Costs Vs. Nevada
Detailed Fallon Utilities Costs Vs. Nevada
Fallon SnackAbility
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Cost Of Living In Cities Around Fallon
The cost of living varies in the cities and towns around Fallon. Here's a quick look at the cost of living in the most populous nearby places:
Sparks, NV has a cost of living index of 106, 1.1x Fallon.
Fernley, NV has a cost of living index of 104, 1.1x Fallon.
Spanish Springs, NV has a cost of living index of 118, 1.2x Fallon.
| City | Population | Cost Of Living | Vs. Fallon |
|---|---|---|---|
| Sparks, NV | 106,900 | 106 | 1.1x |
| Fernley, NV | 22,343 | 104 | 1.1x |
| Spanish Springs, NV | 16,131 | 118 | 1.2x |
| Dayton, NV | 15,036 | 103 | 1.1x |
