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Average Pharmacists Salary in Arkansas

Pharmacists in Arkansas earn an impressive average annual salary of $132,090, slightly below the national average of $136,140. This localized compensation reflects a blend of regional demand, operational costs, and the specific healthcare landscape within the state.

Executive Summary

  • Average Salary: $132,090 per year.
  • Growth Trend: Salaries have shifted 10.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $159,980.
  • Outlook: With a dedicated workforce of 3,100 professionals and a Location Quotient of 1.13, Arkansas demonstrates a healthy concentration of pharmacists, indicating a stable and consistent demand for their services within the state's healthcare sector.
2024 Market Data

Salary Overview

$132,090

The average Pharmacists in Arkansas earns-3.0%below the national average.

BreakdownBased on 40h/week
Hourly

$63.5

Weekly

$2,540

Monthly

$11,008

Pharmacists Salary Distribution in Arkansas

The career trajectory for pharmacists in Arkansas typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but seasoned professionals with specialized skills or supervisory roles can command salaries well into the higher percentiles, reflecting a clear progression path.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$101,140$48.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$99,068$47.6
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$134,230$64.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$165,113$79.4
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$159,980$76.9

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$132,090

Gross Pay

Real Wage (Purchasing Power)

$146,279

Adjusted for COL (90.3)

The nominal salary of $132,090 in Arkansas is particularly attractive when considered against the state's Cost of Living Index of 90.3. This means that the purchasing power of a pharmacist's income in Arkansas is notably higher than the national average, allowing for greater financial flexibility.

Job Market Context

3,100

Total Jobs

2.403

Per 1K Jobs

1.13

Location Quotient

Above Average

With a location quotient of 1.13, Arkansas has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

A Location Quotient of 1.13 suggests that pharmacists are slightly more concentrated in Arkansas than the national average. This indicates a competitive yet accessible job market, where demand is robust enough to support a slightly higher proportion of these professionals.

Nearby Job Markets

Nearby Cities for Pharmacists

Comparing salaries near Arkansas

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Frequently Asked Questions

How much does a Pharmacists make in Arkansas?

The median annual salary for a Pharmacists in Arkansas is $132,090. This typically ranges from $101,140 for entry-level positions to $159,980 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Arkansas is 3.0% lower than the national median of $136,140.

Is Arkansas a lucrative place for Pharmacists?

Yes, Arkansas offers a lucrative environment for pharmacists.Pharmacists in Arkansas earn a strong average salary of $132,090, which, combined with a cost of living below the national average, enhances their effective earning potential.

Is Arkansas a good place to live for Pharmacists?

With a Cost of Living Index of 90.3 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Arkansas?

Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($128,390) and Hot Springs, AR.

What is the average salary for a Pharmacist in Arkansas?

The average annual salary for a Pharmacist in Arkansas is $132,090.

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

The average salary in Arkansas ($132,090) is slightly lower than the national average ($136,140), but the lower cost of living makes it competitive.

What is the concentration of pharmacists in Arkansas?

Arkansas has a Location Quotient of 1.13 for pharmacists, indicating a slightly higher concentration than the national average.

How does the cost of living in Arkansas affect a pharmacist's salary?

With a Cost of Living Index of 90.3, Arkansas's lower cost of living means that the $132,090 salary provides greater purchasing power compared to higher cost-of-living states.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,100 employees in the Arkansas area with a job density of 2.403 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.