Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,084$13,008 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wexford County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wexford County, MI
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 | $821 | $9,852 | $32,840 | $15.79/hr |
| 1-Bedroom Apartment | $826 | $9,912 | $33,040 | $15.88/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,084 | $13,008 | $43,360 | $20.85/hr |
| 3-Bedroom Home | $1,368 | $16,416 | $54,720 | $26.31/hr |
| 4-Bedroom Home | $1,585 | $19,020 | $63,400 | $30.48/hr |
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Frequently Asked Questions About Rent in Wexford County, MI
What is the Fair Market Rent for a 2-bedroom in Wexford County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wexford County, MI is $1,084 per month ($13,008 per year).
What hourly wage is needed to afford rent in Wexford County, MI?
To comfortably afford a 2-bedroom apartment at $1,084/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $20.85 per hour ($43,360/year).
What are the HUD Fair Market Rents by bedroom count in Wexford County, MI?
Official 2026 HUD rents in Wexford County, MI are: Studio: $821/mo, 1-Bedroom: $826/mo, 2-Bedroom: $1,084/mo, 3-Bedroom: $1,368/mo, and 4-Bedroom: $1,585/mo.
How do HUD Fair Market Rents compare to local incomes in Wexford County, MI?
At the local Census ACS median household income of $61,085/year ($5,090/month), the benchmark 2-bedroom Fair Market Rent represents 21.3% of monthly income.
How is the 30% housing affordability standard calculated in Wexford County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,084/month, the required minimum annual gross income is calculated as ($1,084 × 12) ÷ 0.30 = $43,360 per year.