Nevada’s minimum wage will increase to $12.00 per hour (or $11.00 for employees offered health insurance) by mid-2024, based on a new bill signed into law by Nevada Governor Steve Sisolak. Beginning July 1, 2020, Nevada’s current minimum wage rates of $8.25 (without health insurance) and $7.25 (with health insurance) will increase by $0.75 to $9.00 and $8.00 respectively per hour, and will increase annually at that same rate until reaching $12.00 (or $11.00) per hour on July 1, 2024.

D.C.’s Economic Policy Institute estimates that about 300,000 Nevadans will be affected. At the signing, Governor Sisolak noted Nevada’s current minimum wage has not increased since 2010, and that “Keeping working Nevadans stuck in a 10-year-old minimum wage erodes the real value and purchasing power of the wages of hardworking Nevadans.” There are now only 21 states whose minimum wage is equal to or lower than the federal minimum wage of $7.25 per hour.