Can A Pharmacist Afford Rent in Melrose, MA?
Comfortably affordable — rent takes 23.1% of gross income.
Melrose rent: July 2026. Salary: BLS OEWS May 2024 (Massachusetts 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 Massachusetts cities have lower median rent than Melrose, which improves the affordability math on a pharmacist salary:
Compare with full rent data for Melrose
View full rent data for Melrose, MA →Frequently asked questions
Can a pharmacist afford rent in Melrose, MA?
Median rent in Melrose is $2,969 a month. A typical pharmacist in Massachusetts earns about $153,990 a year, which makes that rent 23.1% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in Melrose?
Using the 30% rule, a pharmacist salary in Massachusetts (~$153,990/yr) supports up to $3,850 a month in rent. Melrose's current median rent is $2,969/mo, which leaves a $881/mo buffer.
How many hours does a pharmacist work to cover rent in Melrose?
At an hourly equivalent of about $74 an hour, a pharmacist in Massachusetts works roughly 40.1 hours a month to cover Melrose's median rent of $2,969.
Where is rent cheaper than Melrose for a pharmacist?
Nearby Massachusetts cities with lower median rent include Amherst ($2,968/mo), Canton ($2,968/mo), Marblehead ($2,967/mo). Each shifts the affordability math materially on a pharmacist salary.