Can A Pharmacist Afford Rent in Elizabeth, NJ?

Comfortably affordable — rent takes 18% of gross income.

Elizabeth rent: September 2026. Salary: BLS OEWS May 2024 (New Jersey state estimate).

Elizabeth median rent
$2,230/mo
Pharmacist salary (New Jersey)
$148,680/yr
Rent as % of income
18%
Gross monthly income works out to about $12,390, and the 30% rule supports up to $3,717/mo in rent. Elizabeth's median rent of $2,230 leaves roughly $1,487/mo of headroom under that threshold. A pharmacist works roughly 31.2 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 New Jersey cities have lower median rent than Elizabeth, which improves the affordability math on a pharmacist salary:

Cherry Hill, NJ
$2,229/mo (18% of income)
Union City, NJ
$2,229/mo (18% of income)
Cherry Hill, NJ
$2,229/mo (18% of income)

Compare with full rent data for Elizabeth

View full rent data for Elizabeth, NJ →

Frequently asked questions

Can a pharmacist afford rent in Elizabeth, NJ?

Median rent in Elizabeth is $2,230 a month. A typical pharmacist in New Jersey earns about $148,680 a year, which makes that rent 18% of gross monthly income. Under the 30% rule, the answer is yes.

How much rent can a pharmacist afford in Elizabeth?

Using the 30% rule, a pharmacist salary in New Jersey (~$148,680/yr) supports up to $3,717 a month in rent. Elizabeth's current median rent is $2,230/mo, which leaves a $1,487/mo buffer.

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

At an hourly equivalent of about $71 an hour, a pharmacist in New Jersey works roughly 31.2 hours a month to cover Elizabeth's median rent of $2,230.

Where is rent cheaper than Elizabeth for a pharmacist?

Nearby New Jersey cities with lower median rent include Cherry Hill ($2,229/mo), Union City ($2,229/mo), Cherry Hill ($2,229/mo). Each shifts the affordability math materially on a pharmacist salary.

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