Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,644$19,728 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Skagway Municipality, AK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Skagway Municipality, 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 | $1,133 | $13,596 | $45,320 | $21.79/hr |
| 1-Bedroom Apartment | $1,253 | $15,036 | $50,120 | $24.10/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,644 | $19,728 | $65,760 | $31.62/hr |
| 3-Bedroom Home | $2,245 | $26,940 | $89,800 | $43.17/hr |
| 4-Bedroom Home | $2,708 | $32,496 | $108,320 | $52.08/hr |
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Frequently Asked Questions About Rent in Skagway Municipality, AK
What is the Fair Market Rent for a 2-bedroom in Skagway Municipality, AK?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Skagway Municipality, AK is $1,644 per month ($19,728 per year).
What hourly wage is needed to afford rent in Skagway Municipality, AK?
To comfortably afford a 2-bedroom apartment at $1,644/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $31.62 per hour ($65,760/year).
What are the HUD Fair Market Rents by bedroom count in Skagway Municipality, AK?
Official 2026 HUD rents in Skagway Municipality, AK are: Studio: $1,133/mo, 1-Bedroom: $1,253/mo, 2-Bedroom: $1,644/mo, 3-Bedroom: $2,245/mo, and 4-Bedroom: $2,708/mo.
How do HUD Fair Market Rents compare to local incomes in Skagway Municipality, AK?
At the local Census ACS median household income of $81,136/year ($6,761/month), the benchmark 2-bedroom Fair Market Rent represents 24.3% of monthly income.
How is the 30% housing affordability standard calculated in Skagway Municipality, AK?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,644/month, the required minimum annual gross income is calculated as ($1,644 × 12) ÷ 0.30 = $65,760 per year.