Elko, NV vs Fallon, NV

Elko, NV and Fallon, NV have a very similar cost of living, with only a 1.3% difference in their overall index. Elko scores 93 while Fallon scores 92 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Elko is $1,174/month compared to $1,194/month in Fallon — a 2% difference. Interestingly, home values tell a different story: while Elko has cheaper rent, Fallon actually has lower median home values ($262,700 vs $285,400).

Median household income in Elko is $75,630 compared to $65,699 in Fallon (+15.1%). While Elko is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elko spend roughly 18.6% of their income on rent, less than the 21.8% in Fallon.

Climate-wise, Fallon is notably warmer with an average of 53.7°F compared to 47.8°F in Elko. Elko receives more rainfall at 10" per year compared to 4.9" in Fallon.