Ely, NV vs Fallon, NV

There is a significant gap in the cost of living between these two cities. Ely is 15.2% cheaper than Fallon. With a cost index of 78 vs 92, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ely to Fallon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ely is $900/month compared to $1,194/month in Fallon — a 25% difference. Home values follow the same pattern: Ely is more affordable at $201,500 median vs $262,700.

Median household income in Ely is $86,389 compared to $65,699 in Fallon (+31.5%). Ely offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ely spend roughly 12.5% 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 46.1°F in Ely. Ely receives more rainfall at 9.4" per year compared to 4.9" in Fallon.