Can A Pharmacist Afford Rent in Monterey Park, CA?
Comfortably affordable — rent takes 19.5% of gross income.
Monterey Park rent: June 2026. Salary: BLS OEWS May 2024 (California state estimate).
About rent and a pharmacist salary
Pharmacist pay covers comfortable rent in nearly every US city. At the national-average pharmacist salary, the 30% rule supports about $3,319 a month in rent — above median rent in all but a handful of high-cost coastal metros.
Cheaper rent nearby
These California cities have lower median rent than Monterey Park, which improves the affordability math on a pharmacist salary:
Compare with full rent data for Monterey Park
View full rent data for Monterey Park, CA →Frequently asked questions
Can a pharmacist afford rent in Monterey Park, CA?
Median rent in Monterey Park is $2,545 a month. A typical pharmacist in California earns about $156,645 a year, which makes that rent 19.5% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in Monterey Park?
Using the 30% rule, a pharmacist salary in California (~$156,645/yr) supports up to $3,916 a month in rent. Monterey Park's current median rent is $2,545/mo, which leaves a $1,371/mo buffer.
How many hours does a pharmacist work to cover rent in Monterey Park?
At an hourly equivalent of about $75 an hour, a pharmacist in California works roughly 33.8 hours a month to cover Monterey Park's median rent of $2,545.
Where is rent cheaper than Monterey Park for a pharmacist?
Nearby California cities with lower median rent include Garden Grove ($2,544/mo), Concord ($2,544/mo), Oakland ($2,544/mo). Each shifts the affordability math materially on a pharmacist salary.