Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,463$17,556 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Petersburg Borough, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Petersburg 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 | $1,049 | $12,588 | $41,960 | $20.17/hr |
| 1-Bedroom Apartment | $1,211 | $14,532 | $48,440 | $23.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,463 | $17,556 | $58,520 | $28.13/hr |
| 3-Bedroom Home | $1,754 | $21,048 | $70,160 | $33.73/hr |
| 4-Bedroom Home | $2,022 | $24,264 | $80,880 | $38.88/hr |
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Frequently Asked Questions About Rent in Petersburg Borough, AK
What is the Fair Market Rent for a 2-bedroom in Petersburg Borough, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Petersburg Borough, AK is $1,463 per month ($17,556 per year).
What hourly wage is needed to afford rent in Petersburg Borough, AK?
To comfortably afford a 2-bedroom apartment at $1,463/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $28.13 per hour ($58,520/year).
What are the HUD Fair Market Rents by bedroom count in Petersburg Borough, AK?
Official 2026 HUD rents in Petersburg Borough, AK are: Studio: $1,049/mo, 1-Bedroom: $1,211/mo, 2-Bedroom: $1,463/mo, 3-Bedroom: $1,754/mo, and 4-Bedroom: $2,022/mo.
How do HUD Fair Market Rents compare to local incomes in Petersburg Borough, AK?
At the local Census ACS median household income of $75,125/year ($6,260/month), the benchmark 2-bedroom Fair Market Rent represents 23.4% of monthly income.
How is the 30% housing affordability standard calculated in Petersburg Borough, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,463/month, the required minimum annual gross income is calculated as ($1,463 × 12) ÷ 0.30 = $58,520 per year.