Average Pharmacists Salary in Central Kentucky nonmetropolitan area
Pharmacists in the Central Kentucky nonmetropolitan area earn an impressive average annual salary of $129,610. This figure is slightly below the national average of $136,140, suggesting a localized demand and supply dynamic at play. Factors such as the specific healthcare needs of the region and the concentration of pharmacy roles contribute to this compensation.
Executive Summary
- Average Salary: $129,610 per year.
- Growth Trend: Salaries have shifted 12.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $158,180.
- Outlook: The Central Kentucky nonmetropolitan area supports a dedicated workforce of 430 pharmacists. With a Location Quotient of 1.16, the concentration of these professionals is slightly higher than the national average, indicating a stable and potentially growing demand for their services within this region.
Salary Overview
The average Pharmacists in Central Kentucky nonmetropolitan area earns-4.8%below the national average.
$62.3
$2,493
$10,801
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Central Kentucky have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by increasing healthcare demands and the essential role pharmacists play in patient care and medication management.
Pharmacists Salary Distribution in Central Kentucky nonmetropolitan area
As pharmacists gain experience, their earning potential typically increases significantly. Entry-level positions will command lower salaries, while senior pharmacists with specialized skills or supervisory roles can expect to earn substantially more. The percentile gaps in salary data reflect this career progression and the value placed on expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $105,320 | $50.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $97,208 | $46.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $127,500 | $61.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $162,013 | $77.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $158,180 | $76 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$129,610
Gross Pay
Real Wage (Purchasing Power)
$129,610
Adjusted for COL (100)
The average annual salary of $129,610 in Central Kentucky 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 average, offering a stable financial environment for residents.
Job Market Context
430
Total Jobs
2.479
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Central Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
A Location Quotient of 1.16 signifies that pharmacists are slightly more concentrated in Central Kentucky than in the nation as a whole. This suggests a healthy job market where demand is at least on par with, if not exceeding, the national average, potentially offering good opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Pharmacists Salary | $132,060↑ 2% | 28 mi |
| Elizabethtown, KY Pharmacists Salary | $132,800↑ 2% | 66 mi |
| Louisville/Jefferson County, KY-IN Pharmacists Salary | $134,040↑ 3% | 72 mi |
| Cincinnati, OH-KY-IN Pharmacists Salary | $132,610↑ 2% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Pharmacists make in Central Kentucky nonmetropolitan area?
The median annual salary for a Pharmacists in Central Kentucky nonmetropolitan area is $129,610. This typically ranges from $105,320 for entry-level positions to $158,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 4.8% lower than the national median of $136,140.
Is Central Kentucky nonmetropolitan area a lucrative place for Pharmacists?
Yes, it offers competitive compensation.Pharmacists in this area earn an average of $129,610, which is strong given the national average cost of living. The slightly higher concentration of pharmacists also indicates a robust local demand.
Is Central Kentucky nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($132,060) and Elizabethtown, KY.
How does the Central Kentucky pharmacist salary compare to the national average?
The average annual salary for pharmacists in Central Kentucky is $129,610, which is slightly lower than the national average of $136,140.
What is the cost of living in Central Kentucky compared to the national average?
The cost of living in the Central Kentucky nonmetropolitan area is exactly at the national average, with an index of 100.
How many pharmacists work in the Central Kentucky nonmetropolitan area?
There are approximately 430 pharmacists employed in the Central Kentucky nonmetropolitan area.
Is there high demand for pharmacists in Central Kentucky?
With a Location Quotient of 1.16, the concentration of pharmacists is slightly above the national average, suggesting a solid and potentially growing demand for their services in the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Central Kentucky nonmetropolitan area area with a job density of 2.479 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 Central Kentucky nonmetropolitan area