Can A Pharmacist Afford Rent in New London, CT?
Comfortably affordable — rent takes 13% of gross income.
New London rent: June 2026. Salary: BLS OEWS May 2024 (Connecticut 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 Connecticut cities have lower median rent than New London, which improves the affordability math on a pharmacist salary:
Compare with full rent data for New London
View full rent data for New London, CT →Frequently asked questions
Can a pharmacist afford rent in New London, CT?
Median rent in New London is $1,586 a month. A typical pharmacist in Connecticut earns about $146,025 a year, which makes that rent 13% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in New London?
Using the 30% rule, a pharmacist salary in Connecticut (~$146,025/yr) supports up to $3,651 a month in rent. New London's current median rent is $1,586/mo, which leaves a $2,065/mo buffer.
How many hours does a pharmacist work to cover rent in New London?
At an hourly equivalent of about $70 an hour, a pharmacist in Connecticut works roughly 22.6 hours a month to cover New London's median rent of $1,586.
Where is rent cheaper than New London for a pharmacist?
Nearby Connecticut cities with lower median rent include New Britain ($1,585/mo), Bristol ($1,584/mo), Waterbury ($1,582/mo). Each shifts the affordability math materially on a pharmacist salary.