Average Pharmacists Salary in Albany-Schenectady-Troy, NY
Pharmacists in the Albany-Schenectady-Troy, NY area earn an impressive average annual salary of $130,170. This figure is slightly below the national average of $136,140, but local economic factors and demand within the region contribute to this competitive compensation. The specific needs of the healthcare sector in this metropolitan area play a significant role in shaping pharmacist remuneration.
Executive Summary
- Average Salary: $130,170 per year.
- Growth Trend: Salaries have shifted 8.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,750.
- Outlook: The Albany-Schenectady-Troy region supports a robust workforce of 1,120 pharmacists, indicating a stable and established job market. With a Location Quotient of 1.19, this area shows a concentration of pharmacist employment that is 19% higher than the national average. This suggests a healthy demand for these professionals, signaling a positive outlook for job security and potential career growth within the local pharmaceutical sector.
Salary Overview
The average Pharmacists in Albany-Schenectady-Troy, NY earns-4.4%below the national average.
$62.6
$2,503
$10,848
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Albany-Schenectady-Troy have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing healthcare demands, and the evolving scope of pharmacy practice likely contribute to upward pressure on compensation, ensuring that pharmacists in this region benefit from a steadily appreciating earning potential.
Pharmacists Salary Distribution in Albany-Schenectady-Troy, NY
The career trajectory for pharmacists in Albany-Schenectady-Troy typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but as pharmacists gain expertise, develop specialized skills, and take on more responsibilities, their earning potential escalates considerably. The gap between entry-level and senior-level salaries, often reflected in different pay percentiles, clearly signifies the substantial career progression and financial rewards associated with long-term commitment and advanced practice in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $104,600 | $50.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $97,628 | $46.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $133,360 | $64.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $162,713 | $78.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $158,750 | $76.3 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$130,170
Gross Pay
Real Wage (Purchasing Power)
$130,170
Adjusted for COL (100)
The average annual salary of $130,170 for pharmacists in Albany-Schenectady-Troy aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a pharmacist's salary in this region is equivalent to the national standard. Consequently, relocating to Albany-Schenectady-Troy offers financial stability where your earnings will cover expenses at a rate comparable to most other areas in the United States.
Job Market Context
1,120
Total Jobs
2.534
Per 1K Jobs
1.19
Location Quotient
With a location quotient of 1.19, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
With a Location Quotient of 1.19, the Albany-Schenectady-Troy metropolitan area demonstrates a notable concentration of pharmacists relative to the national average. This suggests that the job market here is slightly more specialized and potentially more competitive for pharmacists compared to other regions, or that there is a sustained demand that outpaces national averages. Employers may find it easier to recruit, but experienced pharmacists could find ample opportunities.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Pharmacists Salary | $135,410↑ 4% | 31 mi |
| Glens Falls, NY Pharmacists Salary | $125,040↓ 4% | 45 mi |
| Kingston, NY Pharmacists Salary | $130,460↑ 0% | 52 mi |
| Southwest New York nonmetropolitan area Pharmacists Salary | $130,580↑ 0% | 68 mi |
| Central East New York nonmetropolitan area Pharmacists Salary | $137,660↑ 6% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Albany-Schenectady-Troy, NY?
The median annual salary for a Pharmacists in Albany-Schenectady-Troy, NY is $130,170. This typically ranges from $104,600 for entry-level positions to $158,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 4.4% lower than the national median of $136,140.
Is Albany-Schenectady-Troy, NY a lucrative place for Pharmacists?
Yes, it offers competitive compensation.Pharmacists in this area earn $130,170 annually, which is close to the national average, and the cost of living is exactly at the national average, making it financially stable.
Is Albany-Schenectady-Troy, NY a good place to live for Pharmacists?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($135,410) and Glens Falls, NY.
How does the Albany pharmacist salary compare to the national average?
The average annual salary for pharmacists in Albany-Schenectady-Troy is $130,170, which is slightly lower than the national average of $136,140.
What is the cost of living in Albany-Schenectady-Troy, NY?
The cost of living index in Albany-Schenectady-Troy is 100, which is exactly the national average, indicating that expenses are comparable to the rest of the country.
How concentrated are pharmacist jobs in Albany-Schenectady-Troy?
The Location Quotient of 1.19 indicates that pharmacist jobs are 19% more concentrated in this area than the national average, suggesting a strong local presence.
What is the total number of pharmacists in the Albany-Schenectady-Troy area?
There are approximately 1,120 pharmacists employed in the Albany-Schenectady-Troy metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,120 employees in the Albany-Schenectady-Troy, NY area with a job density of 2.534 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY