Nevada ranks among top 10 states where homeowners spend the most on housing

Nevada homeowners spend about 35% of their income on housing, ranking 4th highest in the U.S., behind Hawaii, California, and Oregon. Renters in Nevada spend around 29%, ranking 22nd. The state's minimum wage is $12/hour, but the living wage needed is $23.85/hour. Median household income is $75,561, with average home value at $455,217 and average rent about $2,081 monthly.