B-
Overall 7%
Goods & Services 2%
Housing 23%
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The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexFallonNevadaNational
Cost of living93102100
Goods & Services9897100
Groceries106107100
Health care104101100
Housing77104100
Transportation119119100
Utilities8388100

Key findings

  • The cost of living in Fallon is 8% lower than the Nevada average
  • The cost of living in Fallon is 7% lower than the national average
  • Fallon housing is 23% 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

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$47,195$3,933$1,101$1,416
      Renters$32,387$2,699$756$972
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Fallon, NV, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Fallon, homeowners have a median income of $47,195. Using that number, a maximum of $1,101 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,387, which means there is a maximum of $756 to be spent on the costs of renting a home or apartment.

      Nevada Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Nevada6.85%8.25%

      Nevada Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Nevada0%0%

      Goods & Services

      ItemFallonNational avg.Difference
      Haircut $21.61$20.276.6%
      Beauty Salon $36.39$40.399.9%
      Toothpaste $2.56$2.368.5%
      Shampoo $1.32$1.0822.9%
      Movie $10.00$10.999.0%
      Bowling $17.93$15.4915.8%

      Groceries

      ItemFallonNational avg.Difference
      Ground Beef $4.99$4.3016.0%
      Fried Chicken $1.32$1.405.4%
      Milk $2.81$2.2027.4%
      Potatoes $2.66$3.2217.3%
      Pizza $11.32$10.745.4%
      Beer $9.29$9.603.2%

      Health Care

      ItemFallonNational avg.Difference
      Optometrist $103.33$109.735.8%
      Doctor $124.17$118.344.9%
      Dentist $109.89$100.948.9%
      Ibuprofen $11.13$9.9312.0%
      Lipitor $443.80$469.535.5%

      Housing

      ItemFallonNational avg.Difference
      Home Price $133,500.00$184,700.0027.7%
      Avg. Mortgage Payment $1,669.91$1,229.6235.8%
      Apartment Rent $832.00$949.0012.3%

      Transportation

      ItemFallonNational avg.Difference
      Gasoline $3.26$2.7120.4%
      Tire Balancing $60.22$51.8616.1%

      Utilities

      ItemFallonNational avg.Difference
      All Electricity$122.57$170.8428.3%
      Phone $181.37$187.183.1%
      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

      CityPopulationCost of Living IndexNational Avg.
      Fallon Station, NV7451010.6%
      Fallon, NV8,410936.7%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Celebration, FL8,41013332.5%
      Delavan, WI8,410936.5%
      Braselton, GA8,40911413.8%
      Harrodsburg, KY8,4098515.2%
      Clinton, SC8,4098514.6%
      Fallon, NV8,410936.7%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.