Rental Benchmark Overview
2-Bedroom Benchmark Rent
$858$10,296 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Simpson County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Simpson County, MS
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 | $592 | $7,104 | $23,680 | $11.38/hr |
| 1-Bedroom Apartment | $762 | $9,144 | $30,480 | $14.65/hr |
| 2-Bedroom ApartmentStandard Benchmark | $858 | $10,296 | $34,320 | $16.50/hr |
| 3-Bedroom Home | $1,193 | $14,316 | $47,720 | $22.94/hr |
| 4-Bedroom Home | $1,439 | $17,268 | $57,560 | $27.67/hr |
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Frequently Asked Questions About Rent in Simpson County, MS
What is the Fair Market Rent for a 2-bedroom in Simpson County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Simpson County, MS is $858 per month ($10,296 per year).
What hourly wage is needed to afford rent in Simpson County, MS?
To comfortably afford a 2-bedroom apartment at $858/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.50 per hour ($34,320/year).
What are the HUD Fair Market Rents by bedroom count in Simpson County, MS?
Official 2026 HUD rents in Simpson County, MS are: Studio: $592/mo, 1-Bedroom: $762/mo, 2-Bedroom: $858/mo, 3-Bedroom: $1,193/mo, and 4-Bedroom: $1,439/mo.
How do HUD Fair Market Rents compare to local incomes in Simpson County, MS?
At the local Census ACS median household income of $56,381/year ($4,698/month), the benchmark 2-bedroom Fair Market Rent represents 18.3% of monthly income.
How is the 30% housing affordability standard calculated in Simpson County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $858/month, the required minimum annual gross income is calculated as ($858 × 12) ÷ 0.30 = $34,320 per year.