Key Economic Benchmarks
Median Household Income
$71,306$5,942 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Hampden County, MA
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Hampden County, MA
Official FY2026 HUD Fair Market Rents for Springfield, MA MSA. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $1,219 | $14,628 | $48,760 | 20.5% |
| 1-Bedroom Apartment | $1,382 | $16,584 | $55,280 | 23.3% |
| 2-Bedroom ApartmentBenchmark | $1,734 | $20,808 | $69,360 | 29.2% |
| 3-Bedroom Home | $2,127 | $25,524 | $85,080 | 35.8% |
| 4-Bedroom Home | $2,296 | $27,552 | $91,840 | 38.6% |
50/30/20 Living Budget in Hampden County, MA
Based on the local median household income of $71,306/year ($5,942/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Massachusetts
Explore net income after federal income tax, FICA, and Massachusetts state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Massachusetts with official federal datasets:
Frequently Asked Questions About Living in Hampden County, MA
What is the median household income in Hampden County, MA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Hampden County, MA is $71,306 per year (approximately $5,942 per month).
What is the average rent in Hampden County, MA?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Hampden County, MA are $1,219 for a studio, $1,382 for 1 bedroom, $1,734 for 2 bedrooms, $2,127 for 3 bedrooms, and $2,296 for 4 bedrooms.
How does the cost of living in Hampden County, MA compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Hampden County, MA is 96.1 (3.9% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Hampden County, MA?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,734/month) in Hampden County, MA requires a minimum gross household income of $69,360 per year ($5,780 per month).
What is a balanced 50/30/20 monthly budget in Hampden County, MA?
For a typical household earning the median income of $71,306/year ($5,942/month) in Hampden County, MA, a balanced 50/30/20 budget allocates $2,971/month to essential needs (rent, utilities, groceries), $1,783/month to discretionary spending, and $1,188/month to savings and debt repayment.
What are typical electricity and utility costs in Hampden County, MA?
Residential electricity rates in Massachusetts average 29.6¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $266 per month.