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Climate change and related hazards affect the livelihoods of people and their vulnerability to shocks and stresses. Though research on the linkages between a changing climate and vulnerability has been increasing, only a few studies have examined the caste/ethnicity and gender dimensions of livelihood vulnerability. In this study, we attempt to explore how cultural and gender-related aspects influence livelihood vulnerability in indigenous farming mountain communities of the Nepal Himalaya in the context of climate change. We applied the Livelihood Vulnerability Index (LVI) to estimate household (social group and gender-based) vulnerability in farming communities in the Melamchi River Valley, Nepal. The results identified female-headed families, and those belonging to disadvantaged social groups as more vulnerable and in need of being preferentially targeted by policy measures. Higher exposure to climatic extremes and related hazards, dependency on natural resources, lack of financial assets, and weak social networking were identified as components that determine overall vulnerability. The study also visualizes complex adaptation pathways and analyzes the influence of gender and ethnicity on the capacities of households and communities to adapt to climate change.