FY2026 Fair Market Rents — Iron County
Studio
$691
1BR
$758
2BR
$973
3BR
$1,214
4BR
$1,499
Iron County, Wisconsin
FIPS 55051 · County-level FMR and income limit data
FMR Area: Iron County, WI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $691 | $8,292 |
| 1-Bedroom | $758 | $9,096 |
| 2-Bedroom | $973 | $11,676 |
| 3-Bedroom | $1,214 | $14,568 |
| 4-Bedroom | $1,499 | $17,988 |
To afford the FY2026 2-bedroom FMR of $973/mo under the 30%-of-income rule, a household needs about
$38,920/yr ($3,243/mo). Area Median Income is $82,300.
At WI's federal minimum wage of $7.25/hr, a worker would need to work 104 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $691 | $758 | $973 | $1,214 | $1,499 |
| FY2025 | $660 | $740 | $933 | $1,143 | $1,422 |
| FY2024 | $635 | $703 | $905 | $1,094 | $1,284 |
| FY2023 | $579 | $647 | $826 | $1,005 | $1,145 |
| FY2022 | $522 | $575 | $757 | $940 | $1,027 |
| FY2021 | $500 | $557 | $734 | $940 | $1,010 |
| FY2020 | $484 | $542 | $714 | $941 | $1,013 |
FY2026 Income Limits
Area Median Income: $82,300
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,200 | $23,050 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,600 | $38,400 | $43,200 | $48,000 | $51,850 | $55,700 |
| 80% AMI | $53,800 | $61,450 | $69,150 | $76,800 | $82,950 | $89,100 |