Average Pharmacists Salary in Cedar Rapids, IA
Pharmacists in Cedar Rapids, IA, earn an average annual salary of $131,650. This figure is slightly below the national average of $136,140, indicating a localized compensation structure influenced by regional economic factors and the specific demand within the Iowa market. While not reaching the national benchmark, the Cedar Rapids salary reflects the critical role pharmacists play in healthcare delivery within the community.
Executive Summary
- Average Salary: $131,650 per year.
- Growth Trend: Salaries have shifted 14.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $159,420.
- Outlook: The pharmacist job market in Cedar Rapids, IA, is characterized by a local workforce of 230 professionals. With a Location Quotient of 0.77, the concentration of pharmacists is slightly lower than the national average, suggesting a stable but not overly saturated employment landscape. The rate of 1.651 jobs per 1,000 workers indicates a consistent, albeit moderate, demand for pharmaceutical services within the region.
Salary Overview
The average Pharmacists in Cedar Rapids, IA earns-3.3%below the national average.
$63.3
$2,532
$10,971
Pharmacists Salary Trends (2020-2024)
While specific historical data for Cedar Rapids is not provided, it is reasonable to assume that pharmacist salaries in the area have experienced a steady upward trend over the past four years, mirroring national patterns. Factors such as increasing healthcare needs, advancements in pharmaceutical care, and ongoing inflation likely contribute to gradual salary growth, ensuring that compensation remains competitive within the local market.
Pharmacists Salary Distribution in Cedar Rapids, IA
Salary progression for pharmacists in Cedar Rapids, IA, typically correlates with experience and specialization. Entry-level positions will naturally command lower salaries, while seasoned professionals with advanced degrees, specialized certifications, or supervisory roles can expect significantly higher compensation. The percentile gaps between junior and senior pharmacists highlight clear career advancement opportunities and the increasing value placed on expertise and responsibility within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $102,070 | $49.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $98,738 | $47.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $130,700 | $62.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $164,563 | $79.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $159,420 | $76.6 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$131,650
Gross Pay
Real Wage (Purchasing Power)
$131,650
Adjusted for COL (100)
The nominal average annual salary of $131,650 in Cedar Rapids, IA, 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 Cedar Rapids is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
230
Total Jobs
1.651
Per 1K Jobs
0.77
Location Quotient
Cedar Rapids, IA has 0.77x 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 0.77 for pharmacists in Cedar Rapids, IA, indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a solid base of pharmaceutical professionals, the market may offer good opportunities for those looking to enter or advance their careers, as the demand might outpace the local supply relative to national benchmarks.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Iowa City, IA Pharmacists Salary | $129,850↓ 1% | 23 mi |
| Waterloo-Cedar Falls, IA Pharmacists Salary | $127,770↓ 3% | 50 mi |
| Dubuque, IA Pharmacists Salary | $133,760↑ 2% | 62 mi |
| Davenport-Moline-Rock Island, IA-IL Pharmacists Salary | $133,820↑ 2% | 62 mi |
| Southeast Iowa nonmetropolitan area Pharmacists Salary | $129,440↓ 2% | 79 mi |
Comparing salaries near Cedar Rapids, IA
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Cedar Rapids, IA?
The median annual salary for a Pharmacists in Cedar Rapids, IA is $131,650. This typically ranges from $102,070 for entry-level positions to $159,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Cedar Rapids, IA is 3.3% lower than the national median of $136,140.
Is Cedar Rapids, IA a lucrative place for Pharmacists?
Yes, Cedar Rapids, IA offers a competitive salary for pharmacists.The average salary of $131,650 is substantial, and with a cost of living index at the national average, the purchasing power is strong. While slightly below the national average salary, the stable job market and moderate concentration of professionals present good opportunities.
Is Cedar Rapids, IA a good place to live for Pharmacists?
The Cost of Living Index in Cedar Rapids, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Cedar Rapids, IA?
Some top paying nearby cities include Iowa City, IA ($129,850) and Waterloo-Cedar Falls, IA.
How does the Cedar Rapids pharmacist salary compare to the national average?
The average pharmacist salary in Cedar Rapids, IA, is $131,650, which is slightly lower than the national average of $136,140.
What is the cost of living in Cedar Rapids, IA for pharmacists?
The cost of living in Cedar Rapids, IA, is exactly at the national average, with an index of 100, meaning your salary has average purchasing power.
How concentrated is the pharmacist job market in Cedar Rapids, IA?
The pharmacist job market in Cedar Rapids has a Location Quotient of 0.77, indicating it is slightly less concentrated than the national average, suggesting a potentially favorable market for job seekers.
What is the total number of pharmacists in Cedar Rapids, IA?
There are approximately 230 pharmacists employed in Cedar Rapids, IA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Cedar Rapids, IA area with a job density of 1.651 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 Cedar Rapids, IA