Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,645$19,740 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in San Miguel County, CO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: San Miguel County, CO
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 | $1,245 | $14,940 | $49,800 | $23.94/hr |
| 1-Bedroom Apartment | $1,254 | $15,048 | $50,160 | $24.12/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,645 | $19,740 | $65,800 | $31.63/hr |
| 3-Bedroom Home | $2,288 | $27,456 | $91,520 | $44.00/hr |
| 4-Bedroom Home | $2,579 | $30,948 | $103,160 | $49.60/hr |
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Frequently Asked Questions About Rent in San Miguel County, CO
What is the Fair Market Rent for a 2-bedroom in San Miguel County, CO?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in San Miguel County, CO is $1,645 per month ($19,740 per year).
What hourly wage is needed to afford rent in San Miguel County, CO?
To comfortably afford a 2-bedroom apartment at $1,645/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $31.63 per hour ($65,800/year).
What are the HUD Fair Market Rents by bedroom count in San Miguel County, CO?
Official 2026 HUD rents in San Miguel County, CO are: Studio: $1,245/mo, 1-Bedroom: $1,254/mo, 2-Bedroom: $1,645/mo, 3-Bedroom: $2,288/mo, and 4-Bedroom: $2,579/mo.
How do HUD Fair Market Rents compare to local incomes in San Miguel County, CO?
At the local Census ACS median household income of $79,024/year ($6,585/month), the benchmark 2-bedroom Fair Market Rent represents 25% of monthly income.
How is the 30% housing affordability standard calculated in San Miguel County, CO?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,645/month, the required minimum annual gross income is calculated as ($1,645 × 12) ÷ 0.30 = $65,800 per year.