Housing costs in Fernley?
A typical home costs
$382,400, which is 13.1% more expensive than the national average of
$338,100 and 8.3% less expensive than the average Nevada home, at
$417,100. Renting a two-bedroom unit in Fernley costs
$1,100 per month, which is 23.1% cheaper than the national average of
$1,430 and 31.8% cheaper than the state average of
$1,450.
Can I afford Fernley?
To live comfortably in Fernley Nev Metro Area, Nevada, a minimum annual income of
$73,440 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Fernley?
\nThe cost of living in Fernley, NV Metro Area is 104.8, which is 4.8 points higher than the US average Cost of Living of 100. This means that the overall cost of goods and services in Fernley are more expensive compared to the national average. The median house value in this area is also significantly higher than the US average ($382,400 compared to $338,100). While Fernley may be more costly than other areas, it offers its residents a high-end lifestyle with access to amenities and services that wouldn't be available elsewhere.