FY2026 Fair Market Rents — Luce County
Studio
$699
1BR
$753
2BR
$988
3BR
$1,185
4BR
$1,353
Luce County, Michigan
FIPS 26095 · County-level FMR and income limit data
FMR Area: Luce County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $699 | $8,388 |
| 1-Bedroom | $753 | $9,036 |
| 2-Bedroom | $988 | $11,856 |
| 3-Bedroom | $1,185 | $14,220 |
| 4-Bedroom | $1,353 | $16,236 |
To afford the FY2026 2-bedroom FMR of $988/mo under the 30%-of-income rule, a household needs about
$39,520/yr ($3,293/mo). Area Median Income is $68,700.
At MI's state minimum wage of $12.48/hr, a worker would need to work 61 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $699 | $753 | $988 | $1,185 | $1,353 |
| FY2025 | $654 | $711 | $933 | $1,124 | $1,275 |
| FY2024 | $666 | $725 | $952 | $1,151 | $1,280 |
| FY2023 | $593 | $651 | $857 | $1,043 | $1,151 |
| FY2022 | $525 | $600 | $759 | $979 | $1,029 |
| FY2021 | $503 | $619 | $734 | $996 | $1,013 |
| FY2020 | $495 | $626 | $713 | $976 | $997 |
FY2026 Income Limits
Area Median Income: $68,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,600 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,300 | $33,450 | $37,650 | $41,800 | $45,150 | $48,500 |
| 80% AMI | $46,850 | $53,550 | $60,250 | $66,900 | $72,300 | $77,650 |