Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,186$14,232 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Niobrara County, WY
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Niobrara County, WY
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 | $904 | $10,848 | $36,160 | $17.38/hr |
| 1-Bedroom Apartment | $910 | $10,920 | $36,400 | $17.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,186 | $14,232 | $47,440 | $22.81/hr |
| 3-Bedroom Home | $1,632 | $19,584 | $65,280 | $31.38/hr |
| 4-Bedroom Home | $1,959 | $23,508 | $78,360 | $37.67/hr |
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Frequently Asked Questions About Rent in Niobrara County, WY
What is the Fair Market Rent for a 2-bedroom in Niobrara County, WY?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Niobrara County, WY is $1,186 per month ($14,232 per year).
What hourly wage is needed to afford rent in Niobrara County, WY?
To comfortably afford a 2-bedroom apartment at $1,186/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $22.81 per hour ($47,440/year).
What are the HUD Fair Market Rents by bedroom count in Niobrara County, WY?
Official 2026 HUD rents in Niobrara County, WY are: Studio: $904/mo, 1-Bedroom: $910/mo, 2-Bedroom: $1,186/mo, 3-Bedroom: $1,632/mo, and 4-Bedroom: $1,959/mo.
How do HUD Fair Market Rents compare to local incomes in Niobrara County, WY?
At the local Census ACS median household income of $64,113/year ($5,343/month), the benchmark 2-bedroom Fair Market Rent represents 22.2% of monthly income.
How is the 30% housing affordability standard calculated in Niobrara County, WY?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,186/month, the required minimum annual gross income is calculated as ($1,186 × 12) ÷ 0.30 = $47,440 per year.