Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,506$18,072 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Chugach Census Area, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Chugach Census Area, 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 | $1,038 | $12,456 | $41,520 | $19.96/hr |
| 1-Bedroom Apartment | $1,374 | $16,488 | $54,960 | $26.42/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,506 | $18,072 | $60,240 | $28.96/hr |
| 3-Bedroom Home | $2,094 | $25,128 | $83,760 | $40.27/hr |
| 4-Bedroom Home | $2,526 | $30,312 | $101,040 | $48.58/hr |
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Frequently Asked Questions About Rent in Chugach Census Area, AK
What is the Fair Market Rent for a 2-bedroom in Chugach Census Area, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Chugach Census Area, AK is $1,506 per month ($18,072 per year).
What hourly wage is needed to afford rent in Chugach Census Area, AK?
To comfortably afford a 2-bedroom apartment at $1,506/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.96 per hour ($60,240/year).
What are the HUD Fair Market Rents by bedroom count in Chugach Census Area, AK?
Official 2026 HUD rents in Chugach Census Area, AK are: Studio: $1,038/mo, 1-Bedroom: $1,374/mo, 2-Bedroom: $1,506/mo, 3-Bedroom: $2,094/mo, and 4-Bedroom: $2,526/mo.
How do HUD Fair Market Rents compare to local incomes in Chugach Census Area, AK?
At the local Census ACS median household income of $90,509/year ($7,542/month), the benchmark 2-bedroom Fair Market Rent represents 20% of monthly income.
How is the 30% housing affordability standard calculated in Chugach Census Area, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,506/month, the required minimum annual gross income is calculated as ($1,506 × 12) ÷ 0.30 = $60,240 per year.