Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,007$12,084 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Florence County, WI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Florence County, WI
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 | $715 | $8,580 | $28,600 | $13.75/hr |
| 1-Bedroom Apartment | $767 | $9,204 | $30,680 | $14.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,007 | $12,084 | $40,280 | $19.37/hr |
| 3-Bedroom Home | $1,241 | $14,892 | $49,640 | $23.87/hr |
| 4-Bedroom Home | $1,384 | $16,608 | $55,360 | $26.62/hr |
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Frequently Asked Questions About Rent in Florence County, WI
What is the Fair Market Rent for a 2-bedroom in Florence County, WI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Florence County, WI is $1,007 per month ($12,084 per year).
What hourly wage is needed to afford rent in Florence County, WI?
To comfortably afford a 2-bedroom apartment at $1,007/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.37 per hour ($40,280/year).
What are the HUD Fair Market Rents by bedroom count in Florence County, WI?
Official 2026 HUD rents in Florence County, WI are: Studio: $715/mo, 1-Bedroom: $767/mo, 2-Bedroom: $1,007/mo, 3-Bedroom: $1,241/mo, and 4-Bedroom: $1,384/mo.
How do HUD Fair Market Rents compare to local incomes in Florence County, WI?
At the local Census ACS median household income of $61,086/year ($5,091/month), the benchmark 2-bedroom Fair Market Rent represents 19.8% of monthly income.
How is the 30% housing affordability standard calculated in Florence County, WI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,007/month, the required minimum annual gross income is calculated as ($1,007 × 12) ÷ 0.30 = $40,280 per year.