Key Economic Benchmarks
Median Household Income
$56,435$4,703 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Trumbull County, OH
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Trumbull County, OH
Official FY2026 HUD Fair Market Rents for Youngstown-Warren, OH 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 | $735 | $8,820 | $29,400 | 15.6% |
| 1-Bedroom Apartment | $771 | $9,252 | $30,840 | 16.4% |
| 2-Bedroom ApartmentBenchmark | $973 | $11,676 | $38,920 | 20.7% |
| 3-Bedroom Home | $1,270 | $15,240 | $50,800 | 27% |
| 4-Bedroom Home | $1,345 | $16,140 | $53,800 | 28.6% |
50/30/20 Living Budget in Trumbull County, OH
Based on the local median household income of $56,435/year ($4,703/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Ohio
Explore net income after federal income tax, FICA, and Ohio state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Ohio with official federal datasets:
Frequently Asked Questions About Living in Trumbull County, OH
What is the median household income in Trumbull County, OH?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Trumbull County, OH is $56,435 per year (approximately $4,703 per month).
What is the average rent in Trumbull County, OH?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Trumbull County, OH are $735 for a studio, $771 for 1 bedroom, $973 for 2 bedrooms, $1,270 for 3 bedrooms, and $1,345 for 4 bedrooms.
How does the cost of living in Trumbull County, OH compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Trumbull County, OH is 87.4 (12.6% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Trumbull County, OH?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($973/month) in Trumbull County, OH requires a minimum gross household income of $38,920 per year ($3,243 per month).
What is a balanced 50/30/20 monthly budget in Trumbull County, OH?
For a typical household earning the median income of $56,435/year ($4,703/month) in Trumbull County, OH, a balanced 50/30/20 budget allocates $2,351/month to essential needs (rent, utilities, groceries), $1,411/month to discretionary spending, and $941/month to savings and debt repayment.
What are typical electricity and utility costs in Trumbull County, OH?
Residential electricity rates in Ohio average 19.2¢ 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 $173 per month.