Fallon cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexFallonNevadaNational
Cost of living index100107100
IndexFallonNevadaNational
Goods & Services index112110100
Groceries index110111100
Health care index101103100
Housing index82107100
Transportation index106111100
Utilities index9694100
Displayed above is a general overview of the Fallon, NV cost of living index. The overall cost of living index in Fallon, NV is 100, which is 7% lower than the Nevada average and equal to the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Fallon, NV are 2% higher than the Nevada average and 12% higher than the national average.

Did you know?

  • The cost of living in Fallon is 7% lower than the Nevada average.
  • The cost of living in Fallon is equal to the national average.
  • The cost of housing in Fallon is 18% lower than the national average.
  • Nevada general sales tax is 35% higher than the national average.
  • Nevada state income tax is 100% lower than the national average.

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Compare Fallon, NV Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
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The salary calculator is meant to help you compare your salary in Fallon, NV to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Fallon, NV, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Fallon, NV salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$62,417$5,201$1,456$1,873
Renters$47,080$3,923$1,098$1,413
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Fallon, NV, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Fallon, NV homeowners have a median income of $62,417. Using that number, you will come up with a maximum of $1,456 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $47,080, which means there is a maximum of $1,098 to be spent on the costs of renting a home or apartment.

Nevada Sales Tax

StateGeneral Sales TaxWith Max Surtax
Nevada6.85%8.1%

Nevada Income Tax

StateIncome Tax (Low)Income Tax (High)
Nevada0%0%
When assessing the complete cost of living in Fallon, NV, the Nevada income tax and the Nevada sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Nevada maximum surtax is 8.1%, and the Nevada sales tax is 6.85%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 0% in Nevada.

Goods & Services

ItemFallonNational avg.Difference
Haircut $15.79$14.598.2%
Beauty Salon $31.39$34.689.5%
Toothpaste $2.76$2.4711.6%
Shampoo $1.16$1.0213.5%
Movie $9.50$9.873.7%
Bowling $5.83$4.3932.7%

Groceries

ItemFallonNational avg.Difference
Ground Beef $4.10$4.488.4%
Fried Chicken $1.63$1.4611.3%
Milk $2.47$2.364.8%
Potatoes $1.98$3.0635.3%
Pizza $9.00$9.242.6%
Beer $8.12$8.635.9%

Health Care

ItemFallonNational avg.Difference
Optometrist $110.67$99.7810.9%
Doctor $99.00$105.035.7%
Dentist $89.50$88.700.9%
Ibuprofen $10.92$9.4116.0%
Lipitor $302.87$298.501.5%

Housing

ItemFallonNational avg.Difference
Home Price $142,600.00$181,400.0021.4%
Avg. Mortgage Payment $933.63$1,081.0313.6%
Apartment Rent $805.00$889.009.4%

Transportation

ItemFallonNational avg.Difference
Gasoline $2.25$2.097.6%
Tire Balancing $46.00$45.291.6%

Utilities

ItemFallonNational avg.Difference
All Electricity$162.55$170.804.8%
Phone $27.60$28.262.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Fallon Station, NV7131099%
Fallon, NV8,555100-0%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Angola, IN8,55284-16%
Cameron Park, TX8,55069-31%
Wilmington Manor, DE8,5621077%
Bath, ME8,5471077%
Milford, NH8,54711919%
Fallon, NV8,555100-0%
Source: The Fallon, NV cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.