Editing Nevada (section)

=== Affordable housing ===
In 2018, the [[National Low Income Housing Coalition]] calculated the discrepancy between available affordable housing units and renters who earn below the poverty line. In Nevada, only 15 affordable rental homes are available per 100 extremely low income (ELI) households.<ref>{{Cite web|first=Sarah|last=Holder|date=March 13, 2018|title=For Low-Income Renters, the Affordable Housing Gap Persists|url=https://www.bloomberg.com/news/articles/2018-03-13/low-income-renters-find-stubborn-affordable-housing-gap|access-date=2021-12-06|website=Bloomberg |archive-date=January 31, 2022|archive-url=https://web.archive.org/web/20220131061635/https://www.bloomberg.com/news/articles/2018-03-13/low-income-renters-find-stubborn-affordable-housing-gap|url-status=live}}</ref> The shortage extended to a deficit in supply of 71,358 affordable rental homes. This was the largest discrepancy of any state. The most notable catalyst for this shortage was the [[Great Recession]] and housing crisis of 2007 and 2008. Since then, housing prices have increased while demand has increased, and supply has struggled to match the increase in demand. In addition, low-income service workers were slowly being pushed out by an influx of tech professionals. In Nevada there is essentially a standard of six-figure income to affordably rent a [[Single-family detached home|single-family home]].<ref>{{Cite web|title=Can Nevadans afford Nevada? A look at the state's housing, rental markets|url=https://www.fox5vegas.com/news/can-nevadans-afford-nevada-a-look-at-the-states-housing-rental-markets/article_d61dde1e-e5e6-11eb-862f-d7fbc7e268b7.html|access-date=2021-12-06|website=FOX5 Las Vegas|language=en|archive-date=December 6, 2021|archive-url=https://web.archive.org/web/20211206040343/https://www.fox5vegas.com/news/can-nevadans-afford-nevada-a-look-at-the-states-housing-rental-markets/article_d61dde1e-e5e6-11eb-862f-d7fbc7e268b7.html|url-status=live}}</ref> Considering the [[List of U.S. states and territories by median wage and mean wage|average salary]] in Nevada, $54,842 per year, this standard is on average, unaffordable.<ref>{{Cite web|title=American Community Survey (ACS)|url=https://www.census.gov/programs-surveys/acs|access-date=2021-12-06|website=Census.gov|archive-date=December 5, 2021|archive-url=https://web.archive.org/web/20211205011314/https://www.census.gov/programs-surveys/acs|url-status=live}}</ref> The disproportionate cost of housing compared to average salary has led to 112,872 renters to be paying more than half of their yearly income towards housing.<ref>{{Cite web|title=Affordable Housing - Nevada HAND {{!}} Affordable Housing {{!}} Las Vegas|url=https://nevadahand.org/our-mission-affordable-housing/affordable-housing/|access-date=2021-12-06|website=Nevada HAND|language=en-US|archive-date=December 6, 2021|archive-url=https://web.archive.org/web/20211206040348/https://nevadahand.org/our-mission-affordable-housing/affordable-housing/|url-status=live}}</ref>

The definition of an affordable home is "one that a household can obtain for [[Affordable housing|30 percent or less of its annual income]]". So, there is clearly a long way to go in order to close the gap between housing prices and relative income in the state. Renters are looking for solutions to still be able to live in the state in a way that their income can support. As a result, single adults are being forced to split rent with other renters or move residences to farther outside metro areas. One solution being offered is to increase the supply of higher income positions within the state to make things more affordable. However, this would require Nevadans to retrain in new jobs or careers.