States › Nevada › Fernley

Is Fernley, NV expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8244% higher than U.S. average
💵 Families earn per year (2026)$96,544about $8,045/month · 11% higher than U.S. average
🔑 House price$366,70010% higher than U.S. average

Rent is higher than in 59% of U.S. cities. A typical house costs about 3.8 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $72,960 a year. That is $35 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 21 of 34 cities from cheapest to most expensive.

Fernley
$1,824
Sun Valley
$1,287
Mesquite
$1,385
Elko
$1,277
Summerlin South
$2,581
Spanish Springs
$2,081
Winchester
$1,502

How much do households earn in Fernley?

Under $25k
7.9%
$25k–50k
18.9%
$50k–100k
39.2%
$100k–150k
21.0%
$150k+
8.8%

Share of households by yearly income. 29.8% of households earn $100,000 or more.

Rent by apartment size in Fernley

SizeFernleyU.S. average
1 bedroom$1,216$1,324
2 bedrooms$1,287$1,509
3 bedrooms$1,877$1,698
4 bedrooms$2,364$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Fernley overall?

Everyday prices in Nevada overall are same as the U.S. average (index 100.0, U.S. = 100).

Housing
114
Goods (food, clothes…)
96
Utilities
91
Other services
99
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Fernley, so the Nevada figure is shown.

Taxes and bills in Fernley

🏛️ Property tax$1,964a year · 0.54% of home value · U.S. $3,119
⚡ Electric bill$122a month (typical) · U.S. $156

Life in Fernley

Commute to work27.9 minU.S.: 26.4 min
College degree16.4%U.S.: 35.7%
Own their home72%U.S.: 65.2%
Below poverty line12.8%U.S.: 12.5%
Unemployment5.5%U.S.: 5.2%

Is it cheaper to rent or buy in Fernley?

Renting is cheaper right now: about $720 a month less.

Renting
$1,824
Owning
$2,544

Owning assumes a typical $366,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $36,670 for the down payment.

Frequently asked questions

What is the average rent in Fernley, NV?

Renting in Fernley costs a median of about $1,824 a month in 2026, including utilities. The Nevada median is $1,742.

How much do I need to make to live in Fernley?

To keep rent under 30% of income, you need about $72,960 a year, or $35 an hour at a full-time job.

Is Fernley cheap or expensive?

Fernley is rated OK: rent takes 22.7% of the typical household income of $96,544. It ranks 21st cheapest of 34 Nevada cities we track.

How much are property taxes in Fernley?

The median homeowner in Fernley pays $1,964 a year in property taxes, about 0.54% of the median home value.

Is Fernley 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 Fernley?

The median home value in Fernley is $366,700, about 3.8 times the typical yearly household income.

24,225 people live in Fernley. Numbers are typical (middle) values.