Key Economic Benchmarks
Median Household Income
$63,750$5,313 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Wrangell City and Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Wrangell City and Borough, AK
Official FY2026 HUD Fair Market Rents for Wrangell City and Borough, AK. 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 | $921 | $11,052 | $36,840 | 17.3% |
| 1-Bedroom Apartment | $928 | $11,136 | $37,120 | 17.5% |
| 2-Bedroom ApartmentBenchmark | $1,217 | $14,604 | $48,680 | 22.9% |
| 3-Bedroom Home | $1,682 | $20,184 | $67,280 | 31.7% |
| 4-Bedroom Home | $2,042 | $24,504 | $81,680 | 38.4% |
See dedicated rental breakdown for Wrangell City and Borough, AK →
50/30/20 Living Budget in Wrangell City and Borough, AK
Based on the local median household income of $63,750/year ($5,313/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Alaska
Explore net income after federal income tax, FICA, and Alaska state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Alaska with official federal datasets:
Frequently Asked Questions About Living in Wrangell City and Borough, AK
What is the median household income in Wrangell City and Borough, AK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Wrangell City and Borough, AK is $63,750 per year (approximately $5,313 per month).
What is the average rent in Wrangell City and Borough, AK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Wrangell City and Borough, AK are $921 for a studio, $928 for 1 bedroom, $1,217 for 2 bedrooms, $1,682 for 3 bedrooms, and $2,042 for 4 bedrooms.
How does the cost of living in Wrangell City and Borough, AK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Wrangell City and Borough, AK is 102.4 (2.4% higher than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Wrangell City and Borough, AK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,217/month) in Wrangell City and Borough, AK requires a minimum gross household income of $48,680 per year ($4,057 per month).
What is a balanced 50/30/20 monthly budget in Wrangell City and Borough, AK?
For a typical household earning the median income of $63,750/year ($5,313/month) in Wrangell City and Borough, AK, a balanced 50/30/20 budget allocates $2,656/month to essential needs (rent, utilities, groceries), $1,594/month to discretionary spending, and $1,063/month to savings and debt repayment.
What are typical electricity and utility costs in Wrangell City and Borough, AK?
Residential electricity rates in Alaska average 28.2¢ 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 $254 per month.