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Average Pharmacists Salary in Alaska

Pharmacists in Alaska earn an impressive average annual salary of $158,430, significantly exceeding the national average of $136,140. This elevated compensation is likely driven by the unique logistical challenges and the specialized demands of providing pharmaceutical services across a vast and geographically diverse state.

Executive Summary

  • Average Salary: $158,430 per year.
  • Growth Trend: Salaries have shifted 7.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $183,920.
  • Outlook: With a local workforce of 510 pharmacists, Alaska presents a specialized employment landscape. The location quotient of 0.74 suggests a slightly lower concentration of pharmacists compared to the national average, indicating a potentially stable demand for skilled professionals in the region.
2024 Market Data

Salary Overview

$158,430

The average Pharmacists in Alaska earns+16.4%above the national average.

BreakdownBased on 40h/week
Hourly

$76.2

Weekly

$3,047

Monthly

$13,203

Pharmacists Salary Distribution in Alaska

Salary progression for pharmacists in Alaska typically scales with experience. Entry-level positions may start at a lower percentile, but with accumulated knowledge and specialized skills, senior pharmacists can command salaries well into the higher percentiles, reflecting significant career advancement and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$123,220$59.2
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$118,823$57.1
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$163,200$78.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$198,038$95.2
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$183,920$88.4

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$158,430

Gross Pay

Real Wage (Purchasing Power)

$125,142

Adjusted for COL (126.6)

While the nominal average salary of $158,430 is attractive, the cost of living in Alaska, indexed at 126.6, is notably higher than the national average. This means that the purchasing power of an Alaskan pharmacist's salary, though substantial, needs to be considered within the context of higher local expenses for goods and services.

Job Market Context

510

Total Jobs

1.574

Per 1K Jobs

0.74

Location Quotient

Below Average

Alaska has 0.74x the national average concentration of Pharmacists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A location quotient of 0.74 indicates that Alaska has a slightly lower concentration of pharmacists relative to its general workforce compared to the national average. This suggests that while the profession is present, it is not disproportionately represented, potentially leading to a competitive but manageable job market for qualified individuals.

Nearby Job Markets

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Frequently Asked Questions

How much does a Pharmacists make in Alaska?

The median annual salary for a Pharmacists in Alaska is $158,430. This typically ranges from $123,220 for entry-level positions to $183,920 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Alaska is 16.4% higher than the national median of $136,140.

Is Alaska a lucrative place for Pharmacists?

Yes, Alaska offers a lucrative environment for pharmacists.Pharmacists in Alaska earn significantly above the national average salary. However, this is tempered by a higher cost of living, requiring careful financial planning.

Is Alaska a good place to live for Pharmacists?

The Cost of Living Index in Alaska is 126.6. While higher than average, this often correlates with higher wages.

How does Alaska's pharmacist salary compare to the national average?

Pharmacists in Alaska earn an average of $158,430 annually, which is approximately $22,300 higher than the national average of $136,140.

What is the cost of living in Alaska for pharmacists?

The cost of living in Alaska is 26.6% higher than the national average, with an index of 126.6. This means that while salaries are higher, expenses are also elevated.

How concentrated is the pharmacist job market in Alaska?

Alaska has a location quotient of 0.74 for pharmacists, indicating a slightly lower concentration of the profession compared to the national average, suggesting a stable demand.

How many pharmacists are there in Alaska?

There are approximately 510 pharmacists employed in Alaska, representing 1.574 jobs per 1,000 workers in the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 510 employees in the Alaska area with a job density of 1.574 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Alaska