No.

Even if a person making minimum wage put all their wages from a 40-hour week toward housing, it would not be enough to afford the average asking rent in Nevada.

The average asking rent in Nevada across all bedroom and housing types in April 2025 is $1,950. Minimum wage in Nevada is $12 an hour. If a Nevadan works 40 hours a week, their monthly income is roughly $1,920 before taxes. 

Housing is considered affordable if rent and utilities do not exceed 30 percent of gross (pre-tax) income. 

Nevada ranks second in the nation for its percentage of excessively cost-burdened renters, with more than 48 percent paying at least 35 percent of their gross income on housing costs, and sixth in the country for excessively cost-burdened homeowners. 

Since 2018, average rents have increased by 55 percent in Clark County and 46.5 percent in Washoe County.

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Sources

• Guinn Center for Policy Priorities Housing Affordability in Nevada: An Economic Analysis and Policy Considerations
• Zillow Nevada Rental Market
• U.S. Depart of Labor Wage and Division
• U.S. Department of Housing and Urban Development Glossary of Terms to Affordable Housing