| Index | Fernley | Nevada | National |
| Cost of living | 113 | 103 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 104 | 103 | 100 |
| Housing | 134 | 103 | 100 |
| Transportation | 102 | 103 | 100 |
| Utilities | 114 | 111 | 100 |
| Lifestyle & Entertainment | 105 | 103 | 100 |
| Household Items | 100 | 102 | 100 |
| Education & Childcare | 102 | 104 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Fernley? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Fernley stands at 113, making it 13% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs are a major factor in the Fernley cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 34.5% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Fernley an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Fernley, the median home price is 39.7% higher than what most folks pay across the country, and monthly rent prices are 22.2% higher than the usual rates. Income levels in Fernley come in at $98,362, which is 20.9% higher than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Fernley, the prevailing sales tax rate starts at 6.85%, and income tax rates kick off at 0%.
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Fernley, healthcare costs are 3.9% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Fernley, the transportation index is 1.5% higher than the national average.
The cost of living data for Fernley shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $118,387 | $9,866 | $2,762 | $3,552 |
| Renters | $75,067 | $6,256 | $1,751 | $2,252 |
| State | General Sales Tax | With Max Surtax |
| Nevada | 6.85% | 8.25% |
| State | Income Tax (Low) | Income Tax (High) |
| Nevada | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Wadsworth, NV | 817 | 87 | 13.1% |
| Silver Springs, NV | 5,096 | 100 | 0.1% |
| Fernley, NV | 21,270 | 113 | 12.8% |
| City | Population | Cost of Living Index | National Avg. |
| Beaumont, AB | 21,267 | n/a | |
| Mead Valley, CA | 21,263 | 127 | 26.8% |
| Suwanee, GA | 21,257 | 123 | 23.1% |
| Palm Valley, FL | 21,243 | 140 | 40.0% |
| Murphy, TX | 21,307 | 133 | 33.0% |
| Fernley, NV | 21,270 | 113 | 12.8% |
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