Cost of Living in Carlin, NV

With a cost of living index of 87, Carlin, NV is a very affordable place to live. Living here is 13% cheaper than the national average and 22% below the Nevada state average of 109. Carlin is a small community of 2,164 residents.

Housing costs are the biggest factor in Carlin's cost of living. The median monthly rent is $1,211 (8% below the US median of $1,319), and the median home value sits at $195,000 (36% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Carlin is $62,232, which is 17% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Carlin. The area sees an average annual temperature of 47.8°F, with summers averaging 68°F and winters around 28°F. Annual rainfall totals 10 inches spread over roughly 79 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.