Rental rates for a one-bedroom apartment in the Las Vegas Valley dropped double-digits over the last year, according to a new report from Rent.com.
To afford renting a typical one-bedroom apartment in Las Vegas, a minimum-wage worker without health benefits would need to clock 73 hours a week. Nevada’s minimum wage is $8.25 per hour for employees who are not offered health benefits, and $7.25 an hour for those who do receive benefits. “It’s clear that the minimum wage is not a livable wage,” said Andrew Aurand, vice president for research at NLIHC. In Las Vegas, a resident working 40 hours a week would need to make an hourly wage of $18.71 to afford a two-bedroom apartment.