Key Economic Benchmarks
Median Household Income
$52,338$4,362 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Randolph County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Randolph County, AL
Official FY2026 HUD Fair Market Rents for Randolph County, AL. 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 | $536 | $6,432 | $21,440 | 12.3% |
| 1-Bedroom Apartment | $634 | $7,608 | $25,360 | 14.5% |
| 2-Bedroom ApartmentBenchmark | $778 | $9,336 | $31,120 | 17.8% |
| 3-Bedroom Home | $980 | $11,760 | $39,200 | 22.5% |
| 4-Bedroom Home | $1,126 | $13,512 | $45,040 | 25.8% |
50/30/20 Living Budget in Randolph County, AL
Based on the local median household income of $52,338/year ($4,362/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Alabama
Explore net income after federal income tax, FICA, and Alabama state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Alabama with official federal datasets:
Frequently Asked Questions About Living in Randolph County, AL
What is the median household income in Randolph County, AL?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Randolph County, AL is $52,338 per year (approximately $4,362 per month).
What is the average rent in Randolph County, AL?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Randolph County, AL are $536 for a studio, $634 for 1 bedroom, $778 for 2 bedrooms, $980 for 3 bedrooms, and $1,126 for 4 bedrooms.
How does the cost of living in Randolph County, AL compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Randolph County, AL is 88.8 (11.2% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Randolph County, AL?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($778/month) in Randolph County, AL requires a minimum gross household income of $31,120 per year ($2,593 per month).
What is a balanced 50/30/20 monthly budget in Randolph County, AL?
For a typical household earning the median income of $52,338/year ($4,362/month) in Randolph County, AL, a balanced 50/30/20 budget allocates $2,181/month to essential needs (rent, utilities, groceries), $1,308/month to discretionary spending, and $872/month to savings and debt repayment.
What are typical electricity and utility costs in Randolph County, AL?
Residential electricity rates in Alabama average 16.4¢ 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 $148 per month.