Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,075$24,900 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Kodiak Island Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Kodiak Island 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 | $1,431 | $17,172 | $57,240 | $27.52/hr |
| 1-Bedroom Apartment | $1,581 | $18,972 | $63,240 | $30.40/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,075 | $24,900 | $83,000 | $39.90/hr |
| 3-Bedroom Home | $2,488 | $29,856 | $99,520 | $47.85/hr |
| 4-Bedroom Home | $2,747 | $32,964 | $109,880 | $52.83/hr |
See comprehensive cost of living profile for Kodiak Island Borough, AK →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Alaska:
Frequently Asked Questions About Rent in Kodiak Island Borough, AK
What is the Fair Market Rent for a 2-bedroom in Kodiak Island Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Kodiak Island Borough, AK is $2,075 per month ($24,900 per year).
What hourly wage is needed to afford rent in Kodiak Island Borough, AK?
To comfortably afford a 2-bedroom apartment at $2,075/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $39.90 per hour ($83,000/year).
What are the HUD Fair Market Rents by bedroom count in Kodiak Island Borough, AK?
Official 2026 HUD rents in Kodiak Island Borough, AK are: Studio: $1,431/mo, 1-Bedroom: $1,581/mo, 2-Bedroom: $2,075/mo, 3-Bedroom: $2,488/mo, and 4-Bedroom: $2,747/mo.
How do HUD Fair Market Rents compare to local incomes in Kodiak Island Borough, AK?
At the local Census ACS median household income of $86,250/year ($7,188/month), the benchmark 2-bedroom Fair Market Rent represents 28.9% of monthly income.
How is the 30% housing affordability standard calculated in Kodiak Island Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,075/month, the required minimum annual gross income is calculated as ($2,075 × 12) ÷ 0.30 = $83,000 per year.