Can A Pharmacist Afford Rent in Peabody, MA?
Comfortably affordable — rent takes 21.9% of gross income.
Peabody rent: June 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 Peabody, which improves the affordability math on a pharmacist salary:
Compare with full rent data for Peabody
View full rent data for Peabody, MA →Frequently asked questions
Can a pharmacist afford rent in Peabody, MA?
Median rent in Peabody is $2,812 a month. A typical pharmacist in Massachusetts earns about $153,990 a year, which makes that rent 21.9% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in Peabody?
Using the 30% rule, a pharmacist salary in Massachusetts (~$153,990/yr) supports up to $3,850 a month in rent. Peabody's current median rent is $2,812/mo, which leaves a $1,038/mo buffer.
How many hours does a pharmacist work to cover rent in Peabody?
At an hourly equivalent of about $74 an hour, a pharmacist in Massachusetts works roughly 38 hours a month to cover Peabody's median rent of $2,812.
Where is rent cheaper than Peabody for a pharmacist?
Nearby Massachusetts cities with lower median rent include Danvers ($2,811/mo), Sharon ($2,809/mo), Hanover ($2,809/mo). Each shifts the affordability math materially on a pharmacist salary.