Fallon, NV
Population 9,371 · Nevada
About Fallon, NV
Fallon is a small town located in Nevada with a population of 9,371 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,699 per year, which is 13% below the national median of $75,149. The median age of 35.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fallon features a median home value of $262,700, which is 7% above the national median of $244,900. This positions Fallon in a moderately priced market relative to the rest of the country. Median monthly rent is $1,194, 3% above the national average of $1,163/month. Of the 4,609 total housing units, 47% are owner-occupied (1,928 units) and 53% are renter-occupied (2,150 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Fallon shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 13.0%, above the national average of 12.4%. Workers in Fallon have an average one-way commute time of 24.2 minutes.
Education & Demographics
16.6% of Fallon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.7% White, 3.4% Hispanic or Latino, 1.1% Black or African American, and 2.6% Asian residents, with 4.5% of the population being foreign-born.
How Fallon Ranks in Nevada
Cost of Living in Fallon, NV
Compared to national averages, Fallon has a median household income of $65,699 (13% below the national median of $75,149). Home values average $262,700, which is 7% above the national median. Monthly rent at $1,194 is 3% above the US average of $1,163. Within Nevada, Fallon's income is 20% below the state average of $81,841, and home values are 39% below the state median of $433,389.
Why Live in Fallon, NV?
Fallon offers short commute times averaging just 24.2 minutes.
Potential considerations include median household income ($65,699) that falls below the national average. However, Fallon’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fallon has a population of 9,371 with a median age of 35.4 years. Compare Fallon with other cities to see how it stacks up, or explore all cities in Nevada.
Similar Cities Near Fallon
Cities in Nevada with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Incline Village | 9,152 | $162,821 | $1,315,700 | Compare |
| Laughlin | 8,643 | $45,248 | $255,000 | Compare |
| Winnemucca | 8,391 | $80,844 | $290,500 | Compare |
| Cold Springs | 11,223 | $82,450 | $417,800 | Compare |
| Moapa Valley | 6,699 | $83,571 | $360,600 | Compare |
| Gardnerville Ranchos | 12,185 | $87,971 | $464,800 | Compare |
| Johnson Lane | 6,405 | $105,871 | $708,200 | Compare |
| Gardnerville | 5,811 | $67,878 | $504,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nevada
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fallon With Other Cities
Frequently Asked Questions about Fallon
What is the population of Fallon, NV?
The population of Fallon, NV is 9,371 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Nevada.
What is the median household income in Fallon?
The median household income in Fallon, NV is $65,699 per year, which is 13% below the national median of $75,149.
What is the median home value in Fallon?
The median home value in Fallon, NV is $262,700, which is 7% above the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Fallon?
The median monthly rent in Fallon, NV is $1,194, which is 3% above the national average of $1,163/month.
What is the unemployment rate in Fallon?
The unemployment rate in Fallon, NV is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fallon, NV a good place to live?
Fallon offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 9,371 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Fallon, NV?
16.6% of residents in Fallon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fallon?
Key cost-of-living indicators for Fallon, NV: median home value is $262,700 (7% above national), median rent is $1,194/month, and median household income is $65,699. The home-value-to-income ratio is 4.0x, a moderate figure by national standards.
What is the poverty rate in Fallon?
The poverty rate in Fallon, NV is 13.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fallon, NV?
Fallon's population is 9.7% White, 3.4% Hispanic or Latino, 1.1% Black or African American, 2.6% Asian, and 3.2% two or more races. 4.5% of residents are foreign-born.