Monday, November 16, 2020

Pharmacist Pay in the Top 20 Metro Markets

There were about 311,000 pharmacists working in the U.S. as of May 2019 according to data from the U.S. Bureau of Labor Statistics (BLS).  Pharmacists work in varied settings, including health and personal care stores, hospitals, food and general merchandise stores with pharmacy services, and other businesses involved in the distribution of pharmacy products and services. With advanced technical training and skills, pharmacists typically earn higher salaries than workers in most other occupations.  As of May 2019, according to BLS estimates the national mean wage for pharmacists was $125,510 per year, well above the $53,490 annual mean wage for workers in all occupations in the U.S.  While a well paying occupation, there is considerable variation from region-to-region in how much pharmacists earn.  This variation is evident in BLS data for May 2019, which shows the following about pharmacist pay in the top 20 metro markets in the United States:

Metropolitan Area # Employed Annual Mean Wages
1 New York-Newark-Jersey City 21,310 $121,900
2 Los Angeles-Long Beach-Anaheim 13,070 $141,570
3 Chicago-Naperville-Elgin 9,000 $124,460
4 Dallas-Fort Worth-Arlington 6,850 $120,390
5 Houston-The Woodlands-Sugar Land 5,420 $127,070
6 Washington-Arlington-Alexandria 4,850 $123,980
7 Miami-Fort Lauderdale-Pompano Beach 5,770 $122,060
8 Philadelphia-Camden-Wilmington 7,850 $126,590
9 Atlanta-Sandy Springs-Alpharetta 4,880 $124,350
10 Phoenix-Mesa-Chandler 6,080 $123,160
11 Boston-Cambridge-Newton 5,100 $120,310
12 San Francisco-Oakland-Berkeley 3,880 $148,390
13 Riverside-San Bernardino-Ontario 2,980 $147,190
14 Detroit-Warren-Dearborn 4,110 $118,790
15 Seattle-Tacoma-Bellevue 3,310 $126,690
16 Minneapolis-St. Paul-Bloomington 3,900 $128,620
17 San Diego-Chula Vista-Carlsbad 2,940 $134,180
18 Tampa-St. Petersburg-Clearwater 3,700 $123,440
19 Denver-Aurora-Lakewood 3,070 $116,670
20 St. Louis 3,080 $124,590
National 311,200 $125,510

Source: U.S. Bureau of Labor Statistics OES. Data extracted on October 31, 2020