Fernley, Nevada Income Statistics
Fernley Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Fernley Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fernley | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,088 | $78,637 | $80,455 |
| Median Personal Income | $59,293 | $54,226 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.9% | 4.8% |
| Six-Figure Earners | 9.0% | 11.7% | 13.9% |
| $200k+ Households | 8.3% | 10.9% | 13.2% |
The median household income in Fernley is about 8% higher than in Nevada. Income has been growing faster in Fernley (6.2%/yr) than in Nevada (4.9%/yr).
About 9% of adults in Fernley earn six figures ($100,000 or more) a year, lower than the Nevada average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Fernley, Nevada grew by 66.2% from 2009 to 2024, reaching $85,088 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Fernley
| Metric | Fernley | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.525 | 0.546 | 0.552 |
| Male Median Income | $67,470 | $62,240 | $69,667 |
| Female Median Income | $55,438 | $52,310 | $56,850 |
| Gender Pay Gap | 17.8% | 16.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Fernley, it is 0.525, lower than Nevada's 0.546, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Fernley, Nevada. Over a 35-year career, a 22% wage gap accumulates to roughly $421,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fernley, Nevada has narrowed from about 25% to 18% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has widened by $1,146 since 2009.
Employment
| Metric | Fernley | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 6.9% | 5.2% |
| Working from Home | 6.4% | 11.9% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 752 people are unemployed in Fernley, Nevada.
The average commute time in Fernley is 25 minutes, longer than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fernley, Nevada has fallen from 16.8% to 6.3% in 2024. Over that period the rate peaked at 18.6% in 2013 and fell as low as 5.2% in 2023.
Conclusion
Considering all these factors, Fernley, Nevada has an overall wealth index grade of C, making it about on par with Nevada, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fernley, Nevada.
How Rich Is Fernley, Nevada?
Fernley has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $85,088, about 8% higher than the Nevada average of $78,637.
How fast is household income rising in Fernley, Nevada?
Between 2009 and 2024, the median household income in Fernley, Nevada rose 66%, from $51,200 to $85,088. Over the same years, income here outpaced Nevada as a whole: +66% against +41%.
What was the median household income in Fernley in 2023?
In 2023, the median household income in Fernley, Nevada was $84,065, up 2% from $82,127 in 2022. The Nevada median that year was $75,604.
What was the median household income in Fernley in 2020?
In 2020, the median household income in Fernley, Nevada was $66,255. By 2024 it had risen 28% to $85,088.
What is the Gini coefficient in Fernley, Nevada?
The Gini coefficient in Fernley is 0.525. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Fernley, Nevada?
Since 2009, the income gap between men and women in Fernley, Nevada has narrowed from about 25% to 18% in 2024. Over that period the gap was widest at 33% in 2010. In dollar terms, the gap has widened by $1,146 since 2009.
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