Can A Pharmacist Afford Rent in Cape Elizabeth, ME?

Comfortably affordable — rent takes 28.3% of gross income.

Cape Elizabeth rent: June 2026. Salary: BLS OEWS May 2024 (Maine state estimate).

Cape Elizabeth median rent
$2,908/mo
Pharmacist salary (Maine)
$123,458/yr
Rent as % of income
28.3%
Gross monthly income works out to about $10,288, and the 30% rule supports up to $3,086/mo in rent. Cape Elizabeth's median rent of $2,908 leaves roughly $178/mo of headroom under that threshold. A pharmacist works roughly 49 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 Maine cities have lower median rent than Cape Elizabeth, which improves the affordability math on a pharmacist salary:

Scarborough, ME
$2,870/mo (27.9% of income)
Scarborough, ME
$2,844/mo (27.6% of income)
Scarborough, ME
$2,843/mo (27.6% of income)

Compare with full rent data for Cape Elizabeth

View full rent data for Cape Elizabeth, ME

Frequently asked questions

Can a pharmacist afford rent in Cape Elizabeth, ME?

Median rent in Cape Elizabeth is $2,908 a month. A typical pharmacist in Maine earns about $123,458 a year, which makes that rent 28.3% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a pharmacist afford in Cape Elizabeth?

Using the 30% rule, a pharmacist salary in Maine (~$123,458/yr) supports up to $3,086 a month in rent. Cape Elizabeth's current median rent is $2,908/mo, which leaves a $178/mo buffer.

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

At an hourly equivalent of about $59 an hour, a pharmacist in Maine works roughly 49 hours a month to cover Cape Elizabeth's median rent of $2,908.

Where is rent cheaper than Cape Elizabeth for a pharmacist?

Nearby Maine cities with lower median rent include Scarborough ($2,870/mo), Scarborough ($2,844/mo), Scarborough ($2,843/mo). Each shifts the affordability math materially on a pharmacist salary.

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