Pharmacist Salary in United States


Pharmacist Salary
Pharmacist Salary in United States
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Last updated on August 6th, 2022 at 10:38 am

Introduction:

The jobs requiring this certification have increased by 12.19% since 2018. Pharmacists with this certification earn +41.19% more than the average base salary, which is $57.63 per hour. A person working as a Pharmacist Salary in United States typically earns around 128,000 USD per year. Salaries range from 64,100 USD (lowest) to 199,000 USD (highest).

This is the average yearly salary including housing, transport, and other benefits. Pharmacist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Pharmacist Average base salary:

The average salary for a pharmacist is $57.63 per hour in the United States. 7.2k salaries reported, updated on July 29, 2022. The average Pharmacist salary in the United States is $144,327 as of July 26, 2022, but the range typically falls between $135,985 and $153,726.

Pharmacist Salary image
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Pharmacist Average Hourly Wage in United States:

The average hourly wage (pay per hour) in the United States is 62 USD. This means that the average Pharmacist in the United States earns approximately 62 USD for every worked hour. The hourly wage is the salary paid in one worked hour. Pharmacist Salary in United States Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. 

Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). 

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between Pharmacist Salary in United States salaried employees and hourly-paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

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Pharmacist Salary Outlook:

Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, and the Pharmacist Salary in United States number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

How Much Does a Pharmacist Make?

Pharmacists made a median salary of $128,710 in 2020. The best-paid 25 percent made $147,690 that year, while the lowest-paid 25 percent made $112,690.

Pharmacist image
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The median, the maximum, the minimum, and the range:

  • Salary Range

Pharmacist salaries in the United States range from 64,100 USD per year (minimum salary) to 199,000 USD per year (maximum salary).

  • Median Salary

The median salary is 128,000 USD per year, which means that half (50%) of people working as Pharmacist(s) are earning less than 128,000 USD while the other half are earning more than 128,000 USD. The median represents the middle salary value. Pharmacist Salary in the United States, Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Pharmacists are earning less than 86,500 USD while 75% of them are earning more than 86,500 USD. Also from the diagram, 75% of Pharmacists are Pharmacists Salary in United States earning less than 163,000 USD while 25% are earning more than 163,000 USD.

Pharmacist Salaries by years of experience in the United States:

A Pharmacist with less than two years of experience makes approximately 76,900 USD per year. While someone with an experience level of between two and five years is expected to earn 102,000 USD per year, 32% more than Pharmacist Salary in United States for someone with less than two years of experience.

Moving forward, an experience level between five and ten years lands a salary of 136,000 USD per year, 34% more than someone with two to five years of experience. Additionally, Pharmacist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 162,000 USD per year, 19% more than someone with five to ten years of experience.

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If the experience level is between fifteen and twenty years, then the expected wage is 175,000 USD per year, 8% more than someone with ten to fifteen years of experience. Lastly, employees with more than twenty years of Pharmacist Salary in United States professional experience get a salary of 188,000 USD per year, 7% more than people with fifteen to twenty years of experience.

Pharmacist Salary Comparison By Education:

Pharmacist image
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When the education level is a Bachelor’s Degree, the average salary of a Pharmacist is 110,000 USD per year. While someone with a Master’s Degree gets a salary of 173,000 USD per year, 58% more than someone having a Bachelor’s Degree degree.

Best Paying States for Pharmacists:

The states and districts that pay Pharmacists the highest mean salary are Alaska ($147,040), California ($146,070), Oregon ($136,700), Maine ($134,100), and Vermont ($131,910).

Alaska$147,040
California$146,070
Oregon$136,700
Maine$134,100
Vermont$131,910

Pharmacists Highest paying cities:

The metropolitan areas that pay the highest salary in the pharmacist profession are Madera, Santa Maria, Vallejo, Fresno, and Appleton.

Madera, California$165,350
Santa Maria, California$162,540
Vallejo, California$161,120
Fresno, California$156,830
Appleton, Wisconsin$155,990

Pharmacist Bonus and Incentive Rates in the United States:

Pharmacist is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

43% of surveyed staff reported that they haven’t received any bonuses or incentives in the previous year while 57% said that they received Pharmacist Salary in United States at least one form of monetary bonus. Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

FAQs about Pharmacist Salary in United States:

How much are pharmacists paid in USA?

Pharmacists made a median salary of $128,710 in 2020. The best-paid 25 percent made $147,690 that year, while the lowest-paid 25 percent made $112,690.

Where are pharmacists highest paid?

Pharmacists in California earn the highest wage in the United States, pulling in an average of $70.61 per hour, or $146,900 per year.

Are pharmacists rich in us?

The average pharmacists make around $128,000 a year, according to the Bureau of Labor Statistics (BLS). That’s a really nice living, but it’s not as much as a general physician (MD) makes and it’s not enough to guarantee to become rich. Pharmacist Salary in United States, However, income is just a piece of the equation.

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Are pharmacists in demand in the USA?

The employment of pharmacists is projected to decline 2 percent from 2020 to 2030. Despite declining employment, about 11,300 openings for Pharmacist Salary in United States pharmacists are projected each year, on average, over the decade.

How do I become a pharmacist in the USA?

  1. First, attend a four-year institution and major in a field like a biology or medicinal chemistry.
  2. Take the Pharmacy College Admission Test (PCAT).
  3. Apply to a pharmacy school to earn a doctoral degree (PHARM D).

Is pharmacy or nursing better?

A job in either one of them would be a wise career decision. If you are interested in a more lucrative career, pick the pharmacy option. Pharmacist Salary in United States But if you want to go for the easier option of the two, then choose the nursing one, as it takes less time to graduate and offers more job opportunities.

Is becoming a pharmacist hard?

pharmacy is a difficult degree, it brings many different topics into one, from pharmacology to medicinal chemistry to even stats at times. from your grades, I’m sure you’ll be fine. Most people if they work hard can get through it. Your course adviser is correct in saying it’s more demanding rather than difficult.

Is being a pharmacist worth it?

As a pharmacist, you can make an excellent living which is one of the top advantages of being a pharmacist. The lowest-paid pharmacist is making somewhere around $112,000 a year. The median salary for a career as a pharmacist is approximately $128,000 a year.

Who earns more doctors or pharmacists?

This is based on the responsibilities of a doctor as they are deemed to be larger and more important. The training they get is also a lot more than a pharmacist. In particular, these factors are what make the salary of a doctor a lot higher than a pharmacist.

Conclusion:

The most recent U.S. News & World Report reported the 2018 (most recent data) median salary for pharmacists was $126,120. The highest 25% of pharmacists made $145,870, and the lowest 25% made $111,340 and below.

Pharmacist Salary in United States has a low unemployment rate of 1.6% (reported in 2018). As a reference, as of February 2020, the overall national unemployment rate was 3.5%. Pharmacists’ opportunities for advancements and salaries were above the average across all the jobs/careers discussed in the report. Unfortunately, that came with an above-average stress level. Pharmacists also have below-average flexibility


Sai Sandhya

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