Rental Benchmark Overview
2-Bedroom Benchmark Rent
$843$10,116 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Wilcox County, AL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Wilcox County, AL
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 | $632 | $7,584 | $25,280 | $12.15/hr |
| 1-Bedroom Apartment | $656 | $7,872 | $26,240 | $12.62/hr |
| 2-Bedroom ApartmentStandard Benchmark | $843 | $10,116 | $33,720 | $16.21/hr |
| 3-Bedroom Home | $1,079 | $12,948 | $43,160 | $20.75/hr |
| 4-Bedroom Home | $1,261 | $15,132 | $50,440 | $24.25/hr |
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Frequently Asked Questions About Rent in Wilcox County, AL
What is the Fair Market Rent for a 2-bedroom in Wilcox County, AL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Wilcox County, AL is $843 per month ($10,116 per year).
What hourly wage is needed to afford rent in Wilcox County, AL?
To comfortably afford a 2-bedroom apartment at $843/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.21 per hour ($33,720/year).
What are the HUD Fair Market Rents by bedroom count in Wilcox County, AL?
Official 2026 HUD rents in Wilcox County, AL are: Studio: $632/mo, 1-Bedroom: $656/mo, 2-Bedroom: $843/mo, 3-Bedroom: $1,079/mo, and 4-Bedroom: $1,261/mo.
How do HUD Fair Market Rents compare to local incomes in Wilcox County, AL?
At the local Census ACS median household income of $40,640/year ($3,387/month), the benchmark 2-bedroom Fair Market Rent represents 24.9% of monthly income.
How is the 30% housing affordability standard calculated in Wilcox County, AL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $843/month, the required minimum annual gross income is calculated as ($843 × 12) ÷ 0.30 = $33,720 per year.