Cost of Living in Pershing County, Nevada

$667/mo
Median Monthly Rent
$166,200
Median Home Value

At a Glance

Median Monthly Rent
$667/mo
41% below state average
Median Home Value
$166,200
41% below national
Rent-to-Income Ratio
25.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Pershing County Compares

Median monthly rent comparison

Pershing County$667/mo
Nevada Average$1,127/mo
National Median$1,163/mo

Detailed Housing Stats

$667/mo
Median Gross Rent
$166,200
Median Home Value
$906/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Pershing County ranks #34 of 3,144 counties for affordability (top 1%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Pershing County, Nevada

Pershing offers rare rental bargains

Pershing County's rent-to-income ratio of 11.1% ranks among America's most affordable rental markets, significantly below the national average. At just $667 monthly, median rent is remarkably cheap relative to the $72,007 median household income, allowing renters to allocate more earnings to savings and essential goods.

Third-most affordable in Nevada

Pershing County ranks among Nevada's three most affordable counties with an 11.1% rent-to-income ratio, trailing only Lander (15.1%) and Lincoln (13.0%), and well below the state average of 18.1%. This remote northwestern county offers exceptional rental affordability to those seeking escape from pricier Nevada markets.

Lowest rents, highest income combo

Pershing County's $667 median rent is lowest among the eight counties analyzed, and paired with a relatively strong $72,007 household income (above Nye and Mineral), it delivers unmatched affordability. Only Lincoln County approaches this rental bargain, yet Pershing residents earn $2,511 more annually, improving overall purchasing power.

Ownership costs rise sharply

Pershing renters enjoy bargain rents at $667 monthly, but homeowners pay $906—a $239 gap that means ownership consumes 15.1% of income versus renting's 11.1%. With a median home value of $166,200 and strong household income, first-time homebuyers can afford ownership while renters pocket savings.

Remote workers' secret Nevada gem

Pershing County delivers the best rent-to-income ratio in Nevada at 11.1%, making it ideal for remote workers and retirees prioritizing affordability and space over urban amenities. Compare this county's $667 rents and strong $72,007 household income to Mineral ($1,130 rent, $50,584 income) to see the dramatic difference location makes in housing affordability.

Cost of Living Advisory: Pershing County

Affordability Verdict

Housing in Pershing County is affordable. The median rent is $667/month against a median household income of $72,007, putting rent at 11.1% of income.

Rent vs. Own

At $667/month rent versus $906/month in owner costs, renting is roughly $239/month cheaper — a 26% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,680/year. For owner costs at the 28% rule, the required income is roughly $38,829/year. With a median household income of $72,007, most households can comfortably afford rent here. Notably, 25.0% of renter households in Pershing County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Lincoln County where rent averages $754/month, Pershing County is approximately 12% less expensive.

Affordability Calculator

See how your income compares to housing costs in Pershing County

$

Rent Burden

11.1%

of gross income

Max Housing (28% Rule)

$1,680

per month

Owner Cost Burden

15.1%

of gross income

You can likely afford the median home in Pershing County

Median home value is $166,200. Estimated monthly cost: $1,327 vs. your max of $1,680.

Rent Affordability Guide

Your rent-to-income ratio11.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,007Needed: $26,680
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,007Needed: $38,829
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,007Needed: $38,679

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Pershing County, Nevada?
Pershing County, Nevada has a median monthly rent of $667/mo and a median home value of $166,200. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Pershing County?
The median gross rent in Pershing County is $667/mo. This is 41% below state average for Nevada.
Is Pershing County affordable?
Pershing County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Pershing County's rent compare to the state average?
Pershing County's median rent of $667/mo is 41% below state average of $1,127/mo for Nevada.
What is the median home value in Pershing County?
The median home value in Pershing County, Nevada is $166,200. This is 41% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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