Average Pharmacists Salary in Boston-Cambridge-Newton, MA-NH
Pharmacists in the Boston-Cambridge-Newton, MA-NH metropolitan area earn an impressive average annual salary of $136,720. This figure slightly surpasses the national average of $136,140, indicating a highly competitive and valued role within this region. The robust healthcare sector and demand for specialized pharmaceutical services likely contribute to this strong compensation.
Executive Summary
- Average Salary: $136,720 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,820.
- Outlook: The Boston-Cambridge-Newton area demonstrates a healthy job market for pharmacists, with a local workforce of 5,900 individuals. A Location Quotient of 1.02 suggests that the concentration of pharmacists here is just slightly above the national average, implying a stable and consistent demand for these professionals within the region's extensive healthcare infrastructure.
Salary Overview
The average Pharmacists in Boston-Cambridge-Newton, MA-NH earns+0.4%above the national average.
$65.7
$2,629
$11,393
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in the Boston-Cambridge-Newton area have experienced steady growth over the past four years. Factors such as increasing healthcare needs, advancements in pharmaceutical care, and inflation typically drive upward salary trends for essential roles like pharmacists.
Pharmacists Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for pharmacists in Boston-Cambridge-Newton typically correlates with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills or supervisory roles can expect significantly higher compensation. The percentile gaps in salary distribution clearly signify the substantial earning potential and career advancement opportunities available to experienced pharmacists.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $109,720 | $52.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $102,540 | $49.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $136,800 | $65.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $170,900 | $82.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $164,820 | $79.2 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$136,720
Gross Pay
Real Wage (Purchasing Power)
$136,720
Adjusted for COL (100)
The average annual salary of $136,720 in Boston-Cambridge-Newton aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a pharmacist's salary in this area is equivalent to the national standard, offering a balanced financial outlook for those considering relocation.
Job Market Context
5,900
Total Jobs
2.179
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Boston-Cambridge-Newton, MA-NH has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
With a Location Quotient of 1.02, the job market for pharmacists in Boston-Cambridge-Newton is neither overly saturated nor significantly undersupplied compared to the national landscape. This indicates a balanced market where opportunities exist, but professionals may still need to highlight their qualifications to secure desirable positions.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Pharmacists Salary | $132,750↓ 3% | 24 mi |
| Worcester, MA Pharmacists Salary | $125,470↓ 8% | 37 mi |
| Providence-Warwick, RI-MA Pharmacists Salary | $121,900↓ 11% | 38 mi |
| Manchester-Nashua, NH Pharmacists Salary | $137,750↑ 1% | 50 mi |
| Barnstable Town, MA Pharmacists Salary | $133,690↓ 2% | 59 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Pharmacists in Boston-Cambridge-Newton, MA-NH is $136,720. This typically ranges from $109,720 for entry-level positions to $164,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 0.4% higher than the national median of $136,140.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Pharmacists?
Yes, it is a lucrative place for Pharmacists.Pharmacists in this region earn slightly above the national average salary, and the cost of living is on par with the national average, indicating strong earning potential.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Pharmacists?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($132,750) and Worcester, MA.
How does the pharmacist salary in Boston compare to the national average?
The average annual salary for pharmacists in Boston-Cambridge-Newton is $136,720, which is slightly higher than the national average of $136,140.
What is the concentration of pharmacists in Boston-Cambridge-Newton?
The Location Quotient for pharmacists in Boston-Cambridge-Newton is 1.02, indicating a concentration that is just slightly above the national average.
Does the cost of living affect the pharmacist salary in Boston?
The cost of living in Boston-Cambridge-Newton is at the national average (100), meaning the $136,720 salary offers purchasing power equivalent to the national average.
How many pharmacists are employed in the Boston-Cambridge-Newton area?
There are approximately 5,900 pharmacists employed in the Boston-Cambridge-Newton 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 5,900 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 2.179 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 Boston-Cambridge-Newton, MA-NH