Can A Pharmacist Afford Rent in Newark, NJ?
Comfortably affordable — rent takes 17.1% of gross income.
Newark rent: July 2026. Salary: BLS OEWS May 2024 (New Jersey 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 New Jersey cities have lower median rent than Newark, which improves the affordability math on a pharmacist salary:
Compare with full rent data for Newark
View full rent data for Newark, NJ →Frequently asked questions
Can a pharmacist afford rent in Newark, NJ?
Median rent in Newark is $2,123 a month. A typical pharmacist in New Jersey earns about $148,680 a year, which makes that rent 17.1% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in Newark?
Using the 30% rule, a pharmacist salary in New Jersey (~$148,680/yr) supports up to $3,717 a month in rent. Newark's current median rent is $2,123/mo, which leaves a $1,594/mo buffer.
How many hours does a pharmacist work to cover rent in Newark?
At an hourly equivalent of about $71 an hour, a pharmacist in New Jersey works roughly 29.7 hours a month to cover Newark's median rent of $2,123.
Where is rent cheaper than Newark for a pharmacist?
Nearby New Jersey cities with lower median rent include Haddonfield ($2,122/mo), Bound Brook ($2,119/mo), Lakewood ($2,119/mo). Each shifts the affordability math materially on a pharmacist salary.