Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,090$13,080 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in McKinley County, NM
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: McKinley County, NM
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 | $752 | $9,024 | $30,080 | $14.46/hr |
| 1-Bedroom Apartment | $894 | $10,728 | $35,760 | $17.19/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,090 | $13,080 | $43,600 | $20.96/hr |
| 3-Bedroom Home | $1,307 | $15,684 | $52,280 | $25.13/hr |
| 4-Bedroom Home | $1,443 | $17,316 | $57,720 | $27.75/hr |
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Frequently Asked Questions About Rent in McKinley County, NM
What is the Fair Market Rent for a 2-bedroom in McKinley County, NM?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in McKinley County, NM is $1,090 per month ($13,080 per year).
What hourly wage is needed to afford rent in McKinley County, NM?
To comfortably afford a 2-bedroom apartment at $1,090/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.96 per hour ($43,600/year).
What are the HUD Fair Market Rents by bedroom count in McKinley County, NM?
Official 2026 HUD rents in McKinley County, NM are: Studio: $752/mo, 1-Bedroom: $894/mo, 2-Bedroom: $1,090/mo, 3-Bedroom: $1,307/mo, and 4-Bedroom: $1,443/mo.
How do HUD Fair Market Rents compare to local incomes in McKinley County, NM?
At the local Census ACS median household income of $47,668/year ($3,972/month), the benchmark 2-bedroom Fair Market Rent represents 27.4% of monthly income.
How is the 30% housing affordability standard calculated in McKinley County, NM?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,090/month, the required minimum annual gross income is calculated as ($1,090 × 12) ÷ 0.30 = $43,600 per year.