Average Pharmacists Salary in Detroit-Warren-Dearborn, MI
Pharmacists in the Detroit-Warren-Dearborn, MI area earn an average annual salary of $126,610. This figure is slightly below the national average of $136,140, suggesting localized market dynamics and demand influence compensation. Factors such as the specific healthcare landscape and the concentration of pharmaceutical services within the region contribute to this pay scale.
Executive Summary
- Average Salary: $126,610 per year.
- Growth Trend: Salaries have shifted 10.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,540.
- Outlook: The Detroit-Warren-Dearborn metropolitan area supports a robust workforce of 4,820 Pharmacists. With a Location Quotient of 1.18, the concentration of these professionals is higher than the national average, indicating a notable presence and demand within the local job market. This suggests a stable environment for current and aspiring Pharmacists.
Salary Overview
The average Pharmacists in Detroit-Warren-Dearborn, MI earns-7.0%below the national average.
$60.9
$2,435
$10,551
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Pharmacists in the Detroit-Warren-Dearborn area have experienced steady growth over the past four years. This trend is often driven by increasing healthcare needs, advancements in pharmaceutical services, and the ongoing demand for skilled professionals in the field.
Pharmacists Salary Distribution in Detroit-Warren-Dearborn, MI
Career progression for Pharmacists in Detroit-Warren-Dearborn typically correlates with increased earning potential. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with specialized skills or supervisory roles can command salaries significantly higher, often reaching the 75th or 90th percentile. These percentile gaps clearly signify the career trajectory and reward for experience.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $52,330 | $25.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $94,958 | $45.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $136,540 | $65.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $158,263 | $76.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $164,540 | $79.1 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$126,610
Gross Pay
Real Wage (Purchasing Power)
$126,610
Adjusted for COL (100)
The average annual salary of $126,610 for Pharmacists in Detroit-Warren-Dearborn aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national average, offering a stable financial standing for professionals relocating to or residing in the area.
Job Market Context
4,820
Total Jobs
2.522
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Detroit-Warren-Dearborn, MI has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
A Location Quotient of 1.18 signifies that Pharmacists are more concentrated in the Detroit-Warren-Dearborn area than the national average. This suggests a healthy and potentially competitive job market where the demand for these professionals is slightly elevated compared to other regions, offering good opportunities for employment.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Pharmacists Salary | $126,220↓ 0% | 34 mi |
| Ann Arbor, MI Pharmacists Salary | $141,600↑ 12% | 35 mi |
| Toledo, OH Pharmacists Salary | $119,680↓ 5% | 54 mi |
| Flint, MI Pharmacists Salary | $124,340↓ 2% | 58 mi |
| Sandusky, OH Pharmacists Salary | $119,740↓ 5% | 64 mi |
Comparing salaries near Detroit-Warren-Dearborn, MI
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Detroit-Warren-Dearborn, MI?
The median annual salary for a Pharmacists in Detroit-Warren-Dearborn, MI is $126,610. This typically ranges from $52,330 for entry-level positions to $164,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Detroit-Warren-Dearborn, MI is 7.0% lower than the national median of $136,140.
Is Detroit-Warren-Dearborn, MI a lucrative place for Pharmacists?
Yes, with caveats.While the average salary is slightly below the national average, the cost of living is also at the national average, making the purchasing power comparable. The higher-than-average concentration of pharmacists indicates a strong local market.
Is Detroit-Warren-Dearborn, MI a good place to live for Pharmacists?
The Cost of Living Index in Detroit-Warren-Dearborn, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Detroit-Warren-Dearborn, MI?
Some top paying nearby cities include Monroe, MI ($126,220) and Ann Arbor, MI.
How does the Detroit Pharmacist salary compare to the national average?
The average annual salary for Pharmacists in Detroit-Warren-Dearborn is $126,610, which is approximately $9,530 less than the national average of $136,140.
What is the Cost of Living in Detroit-Warren-Dearborn, MI?
The Cost of Living Index for Detroit-Warren-Dearborn, MI is 100, which is exactly the same as the national average.
How many Pharmacists are employed in the Detroit-Warren-Dearborn area?
There are approximately 4,820 Pharmacists employed in the Detroit-Warren-Dearborn metropolitan area.
Is the concentration of Pharmacists higher in Detroit-Warren-Dearborn than the national average?
Yes, the Location Quotient of 1.18 indicates that the concentration of Pharmacists in Detroit-Warren-Dearborn is 18% higher than the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,820 employees in the Detroit-Warren-Dearborn, MI area with a job density of 2.522 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Pharmacists Salaries by State
Top Jobs in Detroit-Warren-Dearborn, MI
- All Occupations Salary in Detroit-Warren-Dearborn, MI
- Office and Administrative Support Occupations Salary in Detroit-Warren-Dearborn, MI
- Production Occupations Salary in Detroit-Warren-Dearborn, MI
- Transportation and Material Moving Occupations Salary in Detroit-Warren-Dearborn, MI
- Sales and Related Occupations Salary in Detroit-Warren-Dearborn, MI
- Food Preparation and Serving Related Occupations Salary in Detroit-Warren-Dearborn, MI
- Business and Financial Operations Occupations Salary in Detroit-Warren-Dearborn, MI
- Management Occupations Salary in Detroit-Warren-Dearborn, MI
- Healthcare Practitioners and Technical Occupations Salary in Detroit-Warren-Dearborn, MI
- Healthcare Support Occupations Salary in Detroit-Warren-Dearborn, MI
- Browse All Jobs in Detroit-Warren-Dearborn, MI →
Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Detroit-Warren-Dearborn, MI