Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,075$12,900 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Meade County, KY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Meade County, KY
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 | $814 | $9,768 | $32,560 | $15.65/hr |
| 1-Bedroom Apartment | $819 | $9,828 | $32,760 | $15.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,075 | $12,900 | $43,000 | $20.67/hr |
| 3-Bedroom Home | $1,463 | $17,556 | $58,520 | $28.13/hr |
| 4-Bedroom Home | $1,680 | $20,160 | $67,200 | $32.31/hr |
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Frequently Asked Questions About Rent in Meade County, KY
What is the Fair Market Rent for a 2-bedroom in Meade County, KY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Meade County, KY is $1,075 per month ($12,900 per year).
What hourly wage is needed to afford rent in Meade County, KY?
To comfortably afford a 2-bedroom apartment at $1,075/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.67 per hour ($43,000/year).
What are the HUD Fair Market Rents by bedroom count in Meade County, KY?
Official 2026 HUD rents in Meade County, KY are: Studio: $814/mo, 1-Bedroom: $819/mo, 2-Bedroom: $1,075/mo, 3-Bedroom: $1,463/mo, and 4-Bedroom: $1,680/mo.
How do HUD Fair Market Rents compare to local incomes in Meade County, KY?
At the local Census ACS median household income of $74,355/year ($6,196/month), the benchmark 2-bedroom Fair Market Rent represents 17.3% of monthly income.
How is the 30% housing affordability standard calculated in Meade County, KY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,075/month, the required minimum annual gross income is calculated as ($1,075 × 12) ÷ 0.30 = $43,000 per year.