Living in Fallon, Nevada
Cost of living, income, home prices, rent and demographics of Fallon · Census data 2020–2024
Fallon has 9,463 residents with a median age of 35.5. The median household income is $73,389 (6% lower than the Nevada median), the median home value is $282,700, the median rent is $1,230/month.
Fallon at a glance
- Population
- 9,463
- Median age
- 35.5State: 39.1
- Median household income
- $73,389State: $78,260
- Median home value
- $282,700State: $435,400
- Median rent
- $1,230/moState: $1,597
- Homeowners
- 50.7%
- Bachelor's degree or higher
- 16.9%
- Average commute
- 25 min
Is Fallon a good place to live?
Pros: Home values 35% lower than the state median; an average commute of 25 minutes; unemployment of 3.5%.
Cons: Median household income 6% lower than the Nevada median; a poverty rate of 12.5%.
The weather is best in May–June and September–October.
Cost of living in Fallon
Housing is the biggest part of the cost of living. In Fallon the median home value is $282,700, 15% lower than the U.S. median. Renters pay a median of $1,230 per month, which is 24.1% of household income. Homeowners with a mortgage pay $1,512 a month in housing costs.
Fallon median household income
The median household income in Fallon is $73,389 and the income per person is $35,048. 12.5% of residents live below the poverty line (Nevada: 12.4%).
Housing in Fallon: homes for sale and rent
- Housing units
- 4,566
- Owner-occupied
- 50.7%
- Renter-occupied
- 49.3%
- Vacant
- 16.4%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 2.42
Fallon demographics
- Population
- 9,463
- Median age
- 35.5
- Under 18
- 24.2%
- 65 and older
- 16.9%
- Households
- 3,815
- Foreign-born
- 7%
- Veterans
- 18%Adults 18+
Hispanic or Latino can be of any race. Population history of Fallon ›
Education in Fallon
16.9% of adults 25 and older in Fallon have a bachelor's degree or higher (Nevada: 27.9%), and 5.4% have a graduate or professional degree.
Jobs and commute in Fallon
- Unemployment rate
- 3.5%State: 7%
- Average commute
- 25 minState: 25 min
- Work from home
- 5.7%
- Drive alone
- 72%
- Public transit
- 2.4%
- Walk to work
- 5.4%
- Homes with broadband
- 92.5%
Fallon vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fallon | 9,463 | $73,389 | $282,700 | $1,230 |
| Fallon Station | 1,399 | $67,301 | — | $1,635 |
| Fernley | 24,225 | $89,517 | $366,700 | $1,570 |
| Silver Springs | 5,060 | $48,944 | $244,400 | $1,201 |
| Wadsworth | 705 | $63,056 | $86,400 | $950 |
| Stagecoach | 1,892 | $70,000 | $322,400 | $1,029 |
| Schurz | 821 | $45,104 | $94,400 | $655 |
| Nixon | 305 | $72,839 | $66,400 | $586 |
| Yerington | 3,150 | $57,980 | $284,800 | $793 |
More for people moving to Fallon
Weather and climate ›Living in Fallon: FAQ
What is the median household income in Fallon, NV?
The median household income in Fallon is $73,389, 6% lower than the Nevada median of $78,260 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fallon?
The median home value in Fallon is $282,700, compared with $435,400 in Nevada.
How much is rent in Fallon?
The median gross rent in Fallon is $1,230 per month, about 24.1% of household income.
Is Fallon, NV a good place to live?
Pluses: home values 35% lower than the state median; an average commute of 25 minutes; unemployment of 3.5%. Minuses: median household income 6% lower than the Nevada median; a poverty rate of 12.5%.
What is the median age in Fallon?
The median age in Fallon is 35.5 years (Nevada: 39.1).
How long is the commute in Fallon?
The average commute to work in Fallon is 25 minutes; 5.7% of workers work from home.
What is the unemployment rate in Fallon?
The unemployment rate in Fallon is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fallon?
16.9% of adults in Fallon have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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