Cost of Living in Fernley, NV

Population 23,631 · Nevada · Data vintage 2023

114
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Fernley sits on the smaller end of the Nevada city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.

Geographically, Fernley is about 30 miles east of Sparks, the nearest large metro. Median home values run roughly 23% lower than Sparks' $456,000.

Cost Overview

Housing 116
Rent 111

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Fernley

The median home value in Fernley is $352,600 — 16% above the national median of $305,000. Median rent runs $1,463/month, 11% higher than the national median of $1,314/month. The median household income of $87,991/year is 18% higher than the US median of $74,580. The local unemployment rate is 4.4%, below the national average of 4.8%. Nevada charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 69.9°F and lows of 37.6°F. Overall, Fernley has a cost of living index of 114 versus the US average of 100, meaning it is 14% more expensive.

🏠 Housing

Median Home Value
$352,600
16% above avg
Zillow Home Value
$392,554
Zillow ZHVI
Median Rent
$1,463/mo
11% above avg
Zillow Rent
$1,865/mo
Zillow ZORI
Price-to-Rent Ratio
20.1x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$961
1 BR
$1,006
2 BR
$1,320
3 BR
$1,821
4 BR
$2,217
Owner-occupied 71.2%
Renter-occupied 28.8%

💰 Estimated Monthly Budget

Rent median rent
$1,463
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,077/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
30.5 min
13% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.0%

Commute Mode

Drove alone
77.0%
Carpooled
13.0%
Public transit
2.4%
Walked
1.0%
Bicycle
0.6%
Work from home
5.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) None
Total Sales Tax 8.2%
State rate 6.8%
Avg local rate 1.4%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$87,991
18% above avg
Per Capita Income
$37,170
Unemployment Rate
4.4%
8% below avg
Poverty Rate
11.3%
Labor Force Participation
67.6%

🎓 Education

Bachelor's degree+ 11.3%
Graduate degree 4.3%

👥 Demographics

Median Age 35.8
Male median age 36.4
Female median age 34.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.9°F
Avg Low
37.6°F
Annual Precip
4.9"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475361677687969485715646
Low °F 222531354451585548362620
Precip" 0.510.450.490.490.860.410.140.090.240.370.470.42

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 41 — Good
93.1%
Good air days/yr
87
Max AQI recorded
0
PM2.5 days
349
Ozone days

Frequently Asked Questions

What is the cost of living in Fernley, NV?

Fernley has a cost index of 114 (100 = national average). It is 14% above the national average.

What is average rent in Fernley, NV?

The median gross rent in Fernley is $1,463 per month based on 2023 Census data.

What is the average home price in Fernley?

The median home value in Fernley is $352,600 according to Zillow and Census data.

What is the median income in Fernley?

The median household income in Fernley is $87,991 per year (2023 ACS 5-year estimates).

What is the sales tax in Fernley, NV?

The combined state and local sales tax rate in Fernley is 8.2%. Nevada has no state income tax.

Is Fernley, NV affordable?

Fernley is above average in cost of living, with an index of 114 — about 14% higher than the national average.

What is the weather like in Fernley?

Fernley has average high temperatures of 69.9°F and average lows of 37.6°F. Annual precipitation is 4.9". Data from NOAA 1991–2020 Climate Normals.

Fernley at a Glance

Population
23,631
Median Income
$87,991
Home Value
$352,600
Median Rent
$1,463/mo
Unemployment
4.4%
Avg High Temp
69.9°F
Sales Tax
8.2%
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🗺️ County data for Nevada

Explore county-level cost of living data

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