Can A Pharmacist Afford Rent in Richmond, KY?

Comfortably affordable — rent takes 12.2% of gross income.

Richmond rent: June 2026. Salary: BLS OEWS May 2024 (Kentucky state estimate).

Richmond median rent
$1,188/mo
Pharmacist salary (Kentucky)
$116,820/yr
Rent as % of income
12.2%
Gross monthly income works out to about $9,735, and the 30% rule supports up to $2,921/mo in rent. Richmond's median rent of $1,188 leaves roughly $1,733/mo of headroom under that threshold. A pharmacist works roughly 21.2 hours a month to cover that rent.

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 Kentucky cities have lower median rent than Richmond, which improves the affordability math on a pharmacist salary:

Oak Grove, KY
$1,185/mo (12.2% of income)
Murray, KY
$1,184/mo (12.2% of income)
Paducah, KY
$1,183/mo (12.2% of income)

Compare with full rent data for Richmond

View full rent data for Richmond, KY

Frequently asked questions

Can a pharmacist afford rent in Richmond, KY?

Median rent in Richmond is $1,188 a month. A typical pharmacist in Kentucky earns about $116,820 a year, which makes that rent 12.2% 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 Kentucky (~$116,820/yr) supports up to $2,921 a month in rent. Richmond's current median rent is $1,188/mo, which leaves a $1,733/mo buffer.

How many hours does a pharmacist work to cover rent in Richmond?

At an hourly equivalent of about $56 an hour, a pharmacist in Kentucky works roughly 21.2 hours a month to cover Richmond's median rent of $1,188.

Where is rent cheaper than Richmond for a pharmacist?

Nearby Kentucky cities with lower median rent include Oak Grove ($1,185/mo), Murray ($1,184/mo), Paducah ($1,183/mo). Each shifts the affordability math materially on a pharmacist salary.

Methodology: Salary uses the BLS-derived Kentucky state estimate from OEWS May 2024. Rent is the most recent ZORI monthly value for Richmond, KY. Affordability applies the 30% rule (rent ≤ 30% of gross income). Real take-home varies with taxes, household composition, overtime, tips, and benefits.