Can A Pharmacist Afford Rent in Richmond, IN?
Comfortably affordable — rent takes 8.5% of gross income.
Richmond rent: June 2026. Salary: BLS OEWS May 2024 (Indiana 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 Indiana cities have lower median rent than Richmond, which improves the affordability math on a pharmacist salary:
Compare with full rent data for Richmond
View full rent data for Richmond, IN →Frequently asked questions
Can a pharmacist afford rent in Richmond, IN?
Median rent in Richmond is $870 a month. A typical pharmacist in Indiana earns about $122,130 a year, which makes that rent 8.5% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in Richmond?
Using the 30% rule, a pharmacist salary in Indiana (~$122,130/yr) supports up to $3,053 a month in rent. Richmond's current median rent is $870/mo, which leaves a $2,183/mo buffer.
How many hours does a pharmacist work to cover rent in Richmond?
At an hourly equivalent of about $59 an hour, a pharmacist in Indiana works roughly 14.8 hours a month to cover Richmond's median rent of $870.
Where is rent cheaper than Richmond for a pharmacist?
Nearby Indiana cities with lower median rent include New Castle ($866/mo), Gary ($865/mo), Marion ($860/mo). Each shifts the affordability math materially on a pharmacist salary.