Cost of Living in Fernley, NV

With a cost of living index of 108, Fernley, NV is somewhat more expensive than average. Living here is 8% more expensive than the national average and in line with the Nevada state average. Fernley is a smaller community of 23,631 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Fernley's cost of living. The median monthly rent is $1,463 (11% above the US median of $1,319), and the median home value sits at $352,600 (16% above the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Fernley is $87,991, which is 17% higher than the national median of $75,149. Residents spend roughly 20% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Fernley. The area sees an average annual temperature of 53.7°F, with summers averaging 74°F and winters around 35°F. Annual rainfall totals 4.9 inches spread over roughly 44 days.

Everyday prices in the Reno, NV (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.