Cost of Living in Tonopah, NV

With a cost of living index of 75, Tonopah, NV is one of the most affordable cities in the country. Living here is 25% cheaper than the national average and 35% below the Nevada state average of 109. Tonopah is a small community of 1,938 residents.

Housing costs are the biggest factor in Tonopah's cost of living. The median monthly rent is $845 (36% below the US median of $1,319), and the median home value sits at $182,000 (40% below the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Tonopah is $37,922, which is 50% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Tonopah. The area sees an average annual temperature of 52.9°F, with summers averaging 73°F and winters around 35°F. Annual rainfall totals 4.8 inches spread over roughly 37 days.

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.