Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,224$14,688 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Benzie County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Benzie County, MI
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $904 | $10,848 | $36,160 | $17.38/hr |
| 1-Bedroom Apartment | $937 | $11,244 | $37,480 | $18.02/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,224 | $14,688 | $48,960 | $23.54/hr |
| 3-Bedroom Home | $1,586 | $19,032 | $63,440 | $30.50/hr |
| 4-Bedroom Home | $1,720 | $20,640 | $68,800 | $33.08/hr |
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Frequently Asked Questions About Rent in Benzie County, MI
What is the Fair Market Rent for a 2-bedroom in Benzie County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Benzie County, MI is $1,224 per month ($14,688 per year).
What hourly wage is needed to afford rent in Benzie County, MI?
To comfortably afford a 2-bedroom apartment at $1,224/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.54 per hour ($48,960/year).
What are the HUD Fair Market Rents by bedroom count in Benzie County, MI?
Official 2026 HUD rents in Benzie County, MI are: Studio: $904/mo, 1-Bedroom: $937/mo, 2-Bedroom: $1,224/mo, 3-Bedroom: $1,586/mo, and 4-Bedroom: $1,720/mo.
How do HUD Fair Market Rents compare to local incomes in Benzie County, MI?
At the local Census ACS median household income of $74,834/year ($6,236/month), the benchmark 2-bedroom Fair Market Rent represents 19.6% of monthly income.
How is the 30% housing affordability standard calculated in Benzie County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,224/month, the required minimum annual gross income is calculated as ($1,224 × 12) ÷ 0.30 = $48,960 per year.