Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,625$19,500 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in North Slope Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: North Slope Borough, AK
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 | $1,115 | $13,380 | $44,600 | $21.44/hr |
| 1-Bedroom Apartment | $1,239 | $14,868 | $49,560 | $23.83/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,625 | $19,500 | $65,000 | $31.25/hr |
| 3-Bedroom Home | $1,958 | $23,496 | $78,320 | $37.65/hr |
| 4-Bedroom Home | $2,664 | $31,968 | $106,560 | $51.23/hr |
See comprehensive cost of living profile for North Slope Borough, AK →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Alaska:
Frequently Asked Questions About Rent in North Slope Borough, AK
What is the Fair Market Rent for a 2-bedroom in North Slope Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in North Slope Borough, AK is $1,625 per month ($19,500 per year).
What hourly wage is needed to afford rent in North Slope Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,625/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $31.25 per hour ($65,000/year).
What are the HUD Fair Market Rents by bedroom count in North Slope Borough, AK?
Official 2026 HUD rents in North Slope Borough, AK are: Studio: $1,115/mo, 1-Bedroom: $1,239/mo, 2-Bedroom: $1,625/mo, 3-Bedroom: $1,958/mo, and 4-Bedroom: $2,664/mo.
How do HUD Fair Market Rents compare to local incomes in North Slope Borough, AK?
At the local Census ACS median household income of $95,694/year ($7,975/month), the benchmark 2-bedroom Fair Market Rent represents 20.4% of monthly income.
How is the 30% housing affordability standard calculated in North Slope Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,625/month, the required minimum annual gross income is calculated as ($1,625 × 12) ÷ 0.30 = $65,000 per year.