salaryRent is higher than in 68% of U.S. cities. A typical house costs about 3.6 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $79,080 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Nevada cities?
No. Rent here is more expensive than in most of Nevada. It is number 24 of 34 cities from cheapest to most expensive.
How much do households earn in Fallon?
Share of households by yearly income. 15.8% of households earn $100,000 or more.
Rent by apartment size in Fallon
| Size | Fallon | U.S. average |
|---|---|---|
| 1 bedroom | $942 | $1,324 |
| 2 bedrooms | $1,200 | $1,509 |
| 3 bedrooms | $1,777 | $1,698 |
| 4 bedrooms | $2,016 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Fallon overall?
Everyday prices in Nevada overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fallon, so the Nevada figure is shown.
Taxes and bills in Fallon
Life in Fallon
Is it cheaper to rent or buy in Fallon?
About the same. Renting and owning cost within $15 of each other each month.
Owning assumes a typical $282,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $28,270 for the down payment.
Frequently asked questions
What is the average rent in Fallon, NV?
Renting in Fallon costs a median of about $1,977 a month in 2026, including utilities. The Nevada median is $1,742.
How much do I need to make to live in Fallon?
To keep rent under 30% of income, you need about $79,080 a year, or $38 an hour at a full-time job.
Is Fallon cheap or expensive?
Fallon is rated OK: rent takes 30.0% of the typical household income of $79,150. It ranks 24th cheapest of 34 Nevada cities we track.
How much are property taxes in Fallon?
The median homeowner in Fallon pays $1,719 a year in property taxes, about 0.61% of the median home value.
Is Fallon more expensive than the national average?
Overall prices in Nevada are same as the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Fallon?
The median home value in Fallon is $282,700, about 3.6 times the typical yearly household income.
9,463 people live in Fallon. Numbers are typical (middle) values.