Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,243$14,916 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Bristol Bay Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Bristol Bay Borough, AK
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 | $891 | $10,692 | $35,640 | $17.13/hr |
| 1-Bedroom Apartment | $1,134 | $13,608 | $45,360 | $21.81/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,243 | $14,916 | $49,720 | $23.90/hr |
| 3-Bedroom Home | $1,729 | $20,748 | $69,160 | $33.25/hr |
| 4-Bedroom Home | $2,047 | $24,564 | $81,880 | $39.37/hr |
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Frequently Asked Questions About Rent in Bristol Bay Borough, AK
What is the Fair Market Rent for a 2-bedroom in Bristol Bay Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Bristol Bay Borough, AK is $1,243 per month ($14,916 per year).
What hourly wage is needed to afford rent in Bristol Bay Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,243/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.90 per hour ($49,720/year).
What are the HUD Fair Market Rents by bedroom count in Bristol Bay Borough, AK?
Official 2026 HUD rents in Bristol Bay Borough, AK are: Studio: $891/mo, 1-Bedroom: $1,134/mo, 2-Bedroom: $1,243/mo, 3-Bedroom: $1,729/mo, and 4-Bedroom: $2,047/mo.
How do HUD Fair Market Rents compare to local incomes in Bristol Bay Borough, AK?
At the local Census ACS median household income of $95,625/year ($7,969/month), the benchmark 2-bedroom Fair Market Rent represents 15.6% of monthly income.
How is the 30% housing affordability standard calculated in Bristol Bay Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,243/month, the required minimum annual gross income is calculated as ($1,243 × 12) ÷ 0.30 = $49,720 per year.