Fallon, Nevada Cost Of Living

Buy Rent

B-

Overall 7%

Goods & Services 2%

Housing 23%

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.
Index	Fallon	Nevada	National
Cost of living	93	102	100
Goods & Services	98	97	100
Groceries	106	107	100
Health care	104	101	100
Housing	77	104	100
Transportation	119	119	100
Utilities	83	88	100

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

Most Affordable Places to Live in and Around Fallon

See all the best places to live around Fallon

Compare Fallon, NV Cost of Living

See all Fallon poll results

The best places in Nevada

Here are the best places to live in Nevada

See the best places to live in & around Fallon

These are the 10 most affordable cities in Nevada

10 Best cities in Nevada for employment

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 Income	Per Year	Per Month	Max 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

State	General Sales Tax	With Max Surtax
Nevada	6.85%	8.25%

Nevada Income Tax

State	Income Tax (Low)	Income Tax (High)
Nevada	0%	0%

Goods & Services

Item	Fallon	National avg.	Difference
Haircut	$21.61	$20.27	6.6%
Beauty Salon	$36.39	$40.39	9.9%
Toothpaste	$2.56	$2.36	8.5%
Shampoo	$1.32	$1.08	22.9%
Movie	$10.00	$10.99	9.0%
Bowling	$17.93	$15.49	15.8%

Groceries

Item	Fallon	National avg.	Difference
Ground Beef	$4.99	$4.30	16.0%
Fried Chicken	$1.32	$1.40	5.4%
Milk	$2.81	$2.20	27.4%
Potatoes	$2.66	$3.22	17.3%
Pizza	$11.32	$10.74	5.4%
Beer	$9.29	$9.60	3.2%

Health Care

Item	Fallon	National avg.	Difference
Optometrist	$103.33	$109.73	5.8%
Doctor	$124.17	$118.34	4.9%
Dentist	$109.89	$100.94	8.9%
Ibuprofen	$11.13	$9.93	12.0%
Lipitor	$443.80	$469.53	5.5%

Housing

Item	Fallon	National avg.	Difference
Home Price	$133,500.00	$184,700.00	27.7%
Avg. Mortgage Payment	$1,669.91	$1,229.62	35.8%
Apartment Rent	$832.00	$949.00	12.3%

Transportation

Item	Fallon	National avg.	Difference
Gasoline	$3.26	$2.71	20.4%
Tire Balancing	$60.22	$51.86	16.1%

Utilities

Item	Fallon	National avg.	Difference
All Electricity	$122.57	$170.84	28.3%
Phone	$181.37	$187.18	3.1%

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

City	Population	Cost of Living Index	National Avg.
Fallon Station, NV	745	101	0.6%
Fallon, NV	8,410	93	6.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Celebration, FL	8,410	133	32.5%
Delavan, WI	8,410	93	6.5%
Braselton, GA	8,409	114	13.8%
Harrodsburg, KY	8,409	85	15.2%
Clinton, SC	8,409	85	14.6%
Fallon, NV	8,410	93	6.7%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.