Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,243$14,916 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Lafayette County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Lafayette County, MS
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 | $1,047 | $12,564 | $41,880 | $20.13/hr |
| 1-Bedroom Apartment | $1,053 | $12,636 | $42,120 | $20.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,243 | $14,916 | $49,720 | $23.90/hr |
| 3-Bedroom Home | $1,539 | $18,468 | $61,560 | $29.60/hr |
| 4-Bedroom Home | $1,646 | $19,752 | $65,840 | $31.65/hr |
See comprehensive cost of living profile for Lafayette County, MS →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Mississippi:
Frequently Asked Questions About Rent in Lafayette County, MS
What is the Fair Market Rent for a 2-bedroom in Lafayette County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Lafayette County, MS is $1,243 per month ($14,916 per year).
What hourly wage is needed to afford rent in Lafayette County, MS?
To comfortably afford a 2-bedroom apartment at $1,243/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $23.90 per hour ($49,720/year).
What are the HUD Fair Market Rents by bedroom count in Lafayette County, MS?
Official 2026 HUD rents in Lafayette County, MS are: Studio: $1,047/mo, 1-Bedroom: $1,053/mo, 2-Bedroom: $1,243/mo, 3-Bedroom: $1,539/mo, and 4-Bedroom: $1,646/mo.
How do HUD Fair Market Rents compare to local incomes in Lafayette County, MS?
At the local Census ACS median household income of $67,185/year ($5,599/month), the benchmark 2-bedroom Fair Market Rent represents 22.2% of monthly income.
How is the 30% housing affordability standard calculated in Lafayette County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,243/month, the required minimum annual gross income is calculated as ($1,243 × 12) ÷ 0.30 = $49,720 per year.