Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,103$13,236 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Broome County, NY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Broome County, NY
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 | $783 | $9,396 | $31,320 | $15.06/hr |
| 1-Bedroom Apartment | $868 | $10,416 | $34,720 | $16.69/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,103 | $13,236 | $44,120 | $21.21/hr |
| 3-Bedroom Home | $1,412 | $16,944 | $56,480 | $27.15/hr |
| 4-Bedroom Home | $1,622 | $19,464 | $64,880 | $31.19/hr |
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Frequently Asked Questions About Rent in Broome County, NY
What is the Fair Market Rent for a 2-bedroom in Broome County, NY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Broome County, NY is $1,103 per month ($13,236 per year).
What hourly wage is needed to afford rent in Broome County, NY?
To comfortably afford a 2-bedroom apartment at $1,103/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.21 per hour ($44,120/year).
What are the HUD Fair Market Rents by bedroom count in Broome County, NY?
Official 2026 HUD rents in Broome County, NY are: Studio: $783/mo, 1-Bedroom: $868/mo, 2-Bedroom: $1,103/mo, 3-Bedroom: $1,412/mo, and 4-Bedroom: $1,622/mo.
How do HUD Fair Market Rents compare to local incomes in Broome County, NY?
At the local Census ACS median household income of $62,616/year ($5,218/month), the benchmark 2-bedroom Fair Market Rent represents 21.1% of monthly income.
How is the 30% housing affordability standard calculated in Broome County, NY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,103/month, the required minimum annual gross income is calculated as ($1,103 × 12) ÷ 0.30 = $44,120 per year.