Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,117$13,404 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Florence County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Florence County, SC
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 | $948 | $11,376 | $37,920 | $18.23/hr |
| 1-Bedroom Apartment | $953 | $11,436 | $38,120 | $18.33/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,117 | $13,404 | $44,680 | $21.48/hr |
| 3-Bedroom Home | $1,434 | $17,208 | $57,360 | $27.58/hr |
| 4-Bedroom Home | $1,588 | $19,056 | $63,520 | $30.54/hr |
See comprehensive cost of living profile for Florence County, SC →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across South Carolina:
Frequently Asked Questions About Rent in Florence County, SC
What is the Fair Market Rent for a 2-bedroom in Florence County, SC?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Florence County, SC is $1,117 per month ($13,404 per year).
What hourly wage is needed to afford rent in Florence County, SC?
To comfortably afford a 2-bedroom apartment at $1,117/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.48 per hour ($44,680/year).
What are the HUD Fair Market Rents by bedroom count in Florence County, SC?
Official 2026 HUD rents in Florence County, SC are: Studio: $948/mo, 1-Bedroom: $953/mo, 2-Bedroom: $1,117/mo, 3-Bedroom: $1,434/mo, and 4-Bedroom: $1,588/mo.
How do HUD Fair Market Rents compare to local incomes in Florence County, SC?
At the local Census ACS median household income of $58,305/year ($4,859/month), the benchmark 2-bedroom Fair Market Rent represents 23% of monthly income.
How is the 30% housing affordability standard calculated in Florence County, SC?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,117/month, the required minimum annual gross income is calculated as ($1,117 × 12) ÷ 0.30 = $44,680 per year.