Cost of living in Fernley research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fernley is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Nevada, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Fernley is 104, with 100 being the average.
The cost of living index in Fernley is 1.0x higher than the national average.
Fernley ranks as the #18 cheapest in Nevada out of 33.
Fernley ranks as the #3,585 cheapest out of 6,412 in the US.
The median home value in Fernley is $281,300.
The median income in Fernley is $77,701.
According to the most recent data on the cost of living, Fernley has an overall cost of living index of 104, which is 1.0x higher than the national index of 100.
Compared to Nevada, Fernley has a cost of living index that's 1.0x higher than Nevada's index of 101.
The standard of living in Fernley ranks as #18 most affordable out of the 33 places we measured in Nevada. By definition, that implies Fernley ranks as the #15 most expensive place in the Silver State.
For more reading on life in Fernley, check out:
Six factors go into calculating the cost of living index in Fernley. Here is how it fairs on each of the criteria:
The Services index in Fernley is 107.
The Groceries index in Fernley is 114.
The Health index in Fernley is 114.
The Housing index in Fernley is 90.
The Transportation index in Fernley is 129.
The Utilities index in Fernley is 83.
|Living Expense||Fernley||Nevada||National Average|
Housing swings affordability the most between places in Nevada, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Fernley is $281,300.
The Median Rent in Fernley is $1,203.
The Median Income in Fernley is $77,701.
The Home Value To Income in Fernley is 3.6x.
The Rent To Monthly Income in Fernley is 0.19x.
|Median Home Value||$281,300||$315,900||$244,900|
|Home Value To Income||3.6x||4.8x||3.5x|
|Rent To Monthly Income||0.19x||0.23x||0.2x|
The cost of living varies in the cities and towns around Fernley. Here's a quick look at the cost of living in the most populous nearby places:
Sparks, NV has a cost of living index of 106, 1.0x Fernley.
Spanish Springs, NV has a cost of living index of 118, 1.1x Fernley.
Dayton, NV has a cost of living index of 103, 1.0x Fernley.