Can A Pharmacist Afford Rent in Covington, TN?
Comfortably affordable — rent takes 10.4% of gross income.
Covington rent: September 2026. Salary: BLS OEWS May 2024 (Tennessee 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 Tennessee cities have lower median rent than Covington, which improves the affordability math on a pharmacist salary:
Compare with full rent data for Covington
View full rent data for Covington, TN →Frequently asked questions
Can a pharmacist afford rent in Covington, TN?
Median rent in Covington is $1,063 a month. A typical pharmacist in Tennessee earns about $122,130 a year, which makes that rent 10.4% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a pharmacist afford in Covington?
Using the 30% rule, a pharmacist salary in Tennessee (~$122,130/yr) supports up to $3,053 a month in rent. Covington's current median rent is $1,063/mo, which leaves a $1,990/mo buffer.
How many hours does a pharmacist work to cover rent in Covington?
At an hourly equivalent of about $59 an hour, a pharmacist in Tennessee works roughly 18.1 hours a month to cover Covington's median rent of $1,063.
Where is rent cheaper than Covington for a pharmacist?
Nearby Tennessee cities with lower median rent include Athens ($1,062/mo), Chattanooga ($1,061/mo), Martin ($1,050/mo). Each shifts the affordability math materially on a pharmacist salary.