FY2026 Fair Market Rents — Simpson County
Studio
$754
1BR
$872
2BR
$1,055
3BR
$1,405
4BR
$1,473
Simpson County, Kentucky
FIPS 21213 · County-level FMR and income limit data
FMR Area: Simpson County, KY
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $754 | $9,048 |
| 1-Bedroom | $872 | $10,464 |
| 2-Bedroom | $1,055 | $12,660 |
| 3-Bedroom | $1,405 | $16,860 |
| 4-Bedroom | $1,473 | $17,676 |
To afford the FY2026 2-bedroom FMR of $1,055/mo under the 30%-of-income rule, a household needs about
$42,200/yr ($3,517/mo). Area Median Income is $78,500.
At KY's federal minimum wage of $7.25/hr, a worker would need to work 112 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $754 | $872 | $1,055 | $1,405 | $1,473 |
| FY2025 | $735 | $791 | $1,022 | $1,369 | $1,408 |
| FY2024 | $725 | $761 | $1,000 | $1,336 | $1,359 |
| FY2023 | $630 | $660 | $869 | $1,165 | $1,170 |
| FY2022 | $560 | $594 | $782 | $1,023 | $1,060 |
| FY2021 | $544 | $576 | $759 | $979 | $1,029 |
| FY2020 | $510 | $544 | $717 | $893 | $971 |
FY2026 Income Limits
Area Median Income: $78,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,500 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,500 | $31,400 | $35,350 | $39,250 | $42,400 | $45,550 |
| 80% AMI | $44,000 | $50,250 | $56,550 | $62,800 | $67,850 | $72,850 |