Rental Benchmark Overview
2-Bedroom Benchmark Rent
$963$11,556 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Big Horn County, WY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Big Horn County, WY
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 | $761 | $9,132 | $30,440 | $14.63/hr |
| 1-Bedroom Apartment | $871 | $10,452 | $34,840 | $16.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $963 | $11,556 | $38,520 | $18.52/hr |
| 3-Bedroom Home | $1,189 | $14,268 | $47,560 | $22.87/hr |
| 4-Bedroom Home | $1,515 | $18,180 | $60,600 | $29.13/hr |
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Frequently Asked Questions About Rent in Big Horn County, WY
What is the Fair Market Rent for a 2-bedroom in Big Horn County, WY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Big Horn County, WY is $963 per month ($11,556 per year).
What hourly wage is needed to afford rent in Big Horn County, WY?
To comfortably afford a 2-bedroom apartment at $963/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.52 per hour ($38,520/year).
What are the HUD Fair Market Rents by bedroom count in Big Horn County, WY?
Official 2026 HUD rents in Big Horn County, WY are: Studio: $761/mo, 1-Bedroom: $871/mo, 2-Bedroom: $963/mo, 3-Bedroom: $1,189/mo, and 4-Bedroom: $1,515/mo.
How do HUD Fair Market Rents compare to local incomes in Big Horn County, WY?
At the local Census ACS median household income of $62,101/year ($5,175/month), the benchmark 2-bedroom Fair Market Rent represents 18.6% of monthly income.
How is the 30% housing affordability standard calculated in Big Horn County, WY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $963/month, the required minimum annual gross income is calculated as ($963 × 12) ÷ 0.30 = $38,520 per year.