Cost of Living in Mineral County, Nevada

$1,130/mo
Median Monthly Rent
$175,000
Median Home Value
0% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,130/mo
0% above state average
Median Home Value
$175,000
38% below national
Rent-to-Income Ratio
21.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Mineral County Compares

Median monthly rent comparison

Mineral County$1,130/mo
Nevada Average$1,127/mo
National Median$1,163/mo

Detailed Housing Stats

$1,130/mo
Median Gross Rent
$175,000
Median Home Value
$564/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Mineral County, Nevada

Mineral's housing costs crush income

Mineral County faces the nation's most severe housing affordability crisis among the eight counties studied, with a rent-to-income ratio of 26.8%—far exceeding the national average. Renters here spend more than one-quarter of their $50,584 median household income on housing, leaving households with limited resources for other necessities.

Nevada's least affordable county

Mineral County ranks last in affordability among all Nevada counties examined, with renters spending 26.8% of income on housing versus the state average of 18.1%. This 8.7-percentage-point gap reflects limited economic opportunities and wages that haven't kept pace with regional rent increases.

Rents high, wages low: worst combo

Mineral County's $1,130 median rent is substantial relative to its $50,584 household income—higher than Lander and Lincoln despite far lower earnings, creating unique affordability strain. Only Nye County ($55,975 income) approaches Mineral's wage level, yet Nye residents pay less in rent ($1,013) and enjoy better affordability at 21.7% rent-to-income ratio.

Renters worse off than homeowners

Mineral County renters pay $1,130 monthly while homeowners pay just $564—a dramatic $566 gap that reflects the county's unique housing stock favoring owner-occupied homes. This inversion means renters bear disproportionate housing burden, consuming 26.8% of income compared to homeowners' 13.4%.

Avoid unless buying homes outright

Mineral County should concern renters relocating to Nevada—housing costs consume nearly 27% of median income, the highest burden in our survey. If considering this remote county, prioritize homeownership or substantial remote income well above the $50,584 local median to avoid severe housing affordability strain.

Affordability Calculator

See how your income compares to housing costs in Mineral County

$

Rent Burden

26.8%

of gross income

Max Housing (28% Rule)

$1,180

per month

Owner Cost Burden

13.4%

of gross income

The median home in Mineral County may be a stretch

Median home value is $175,000. Estimated monthly cost: $1,397 vs. your max of $1,180.

Rent Affordability Guide

Your rent-to-income ratio26.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Mineral County, Nevada?
Mineral County, Nevada has a median monthly rent of $1,130/mo and a median home value of $175,000. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Mineral County?
The median gross rent in Mineral County is $1,130/mo. This is 0% above state average for Nevada.
Is Mineral County affordable?
Mineral County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Mineral County's rent compare to the state average?
Mineral County's median rent of $1,130/mo is 0% above state average of $1,127/mo for Nevada.
What is the median home value in Mineral County?
The median home value in Mineral County, Nevada is $175,000. This is 38% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.