Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,023$12,276 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Mackinac County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Mackinac County, MI
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 | $775 | $9,300 | $31,000 | $14.90/hr |
| 1-Bedroom Apartment | $780 | $9,360 | $31,200 | $15.00/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,023 | $12,276 | $40,920 | $19.67/hr |
| 3-Bedroom Home | $1,227 | $14,724 | $49,080 | $23.60/hr |
| 4-Bedroom Home | $1,451 | $17,412 | $58,040 | $27.90/hr |
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Frequently Asked Questions About Rent in Mackinac County, MI
What is the Fair Market Rent for a 2-bedroom in Mackinac County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Mackinac County, MI is $1,023 per month ($12,276 per year).
What hourly wage is needed to afford rent in Mackinac County, MI?
To comfortably afford a 2-bedroom apartment at $1,023/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $19.67 per hour ($40,920/year).
What are the HUD Fair Market Rents by bedroom count in Mackinac County, MI?
Official 2026 HUD rents in Mackinac County, MI are: Studio: $775/mo, 1-Bedroom: $780/mo, 2-Bedroom: $1,023/mo, 3-Bedroom: $1,227/mo, and 4-Bedroom: $1,451/mo.
How do HUD Fair Market Rents compare to local incomes in Mackinac County, MI?
At the local Census ACS median household income of $63,909/year ($5,326/month), the benchmark 2-bedroom Fair Market Rent represents 19.2% of monthly income.
How is the 30% housing affordability standard calculated in Mackinac County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,023/month, the required minimum annual gross income is calculated as ($1,023 × 12) ÷ 0.30 = $40,920 per year.