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Average Pharmacists Salary in East Kentucky nonmetropolitan area

Pharmacists in the East Kentucky nonmetropolitan area earn an average annual salary of $121,320. This figure is notably below the national average of $136,140, suggesting that regional economic factors and potentially a different demand-supply dynamic influence compensation in this specific locale. The unique characteristics of nonmetropolitan areas often shape the compensation landscape for specialized professions like pharmacy.

Executive Summary

  • Average Salary: $121,320 per year.
  • Growth Trend: Salaries have shifted 4.3% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $150,640.
  • Outlook: The East Kentucky nonmetropolitan area supports a dedicated workforce of 450 pharmacists, indicating a stable, albeit specialized, local job market. With a Location Quotient of 2.26, pharmacists are significantly more concentrated here than the national average, pointing to a robust demand or a limited pool of professionals relative to the need within the region. This concentration suggests a strong presence and reliance on pharmaceutical services in the area.
2024 Market Data

Salary Overview

$121,320

The average Pharmacists in East Kentucky nonmetropolitan area earns-10.9%below the national average.

BreakdownBased on 40h/week
Hourly

$58.3

Weekly

$2,333

Monthly

$10,110

Pharmacists Salary Distribution in East Kentucky nonmetropolitan area

Career progression for pharmacists in East Kentucky nonmetropolitan areas typically correlates with experience. Entry-level positions might start at the lower end of the pay scale, while seasoned professionals with specialized skills or supervisory roles can command significantly higher salaries. The gap between the 25th percentile (entry-level) and the 75th percentile (senior) salaries serves as a clear indicator of the earning potential and career advancement opportunities available within the region.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$55,270$26.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$90,990$43.7
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$127,960$61.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$151,650$72.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$150,640$72.4

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$121,320

Gross Pay

Real Wage (Purchasing Power)

$121,320

Adjusted for COL (100)

The average pharmacist salary of $121,320 in East Kentucky's nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a pharmacist's income in this region is equivalent to that of a pharmacist earning the national average in a typical U.S. location. Consequently, the nominal salary translates directly to real economic value without significant adjustment for local living expenses.

Job Market Context

450

Total Jobs

4.813

Per 1K Jobs

2.26

Location Quotient

Major Hub

East Kentucky nonmetropolitan area has 2.3x the national concentration of Pharmacists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 2.26 signifies that pharmacists are more than twice as concentrated in the East Kentucky nonmetropolitan area compared to the national average. This high concentration suggests a strong regional demand for pharmaceutical services, potentially driven by an aging population, limited access to healthcare in surrounding areas, or a strategic presence of healthcare facilities. It indicates that the market is robust and actively seeking qualified pharmacists.

Nearby Job Markets

Nearby Cities for Pharmacists

Comparing salaries near East Kentucky nonmetropolitan area

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Frequently Asked Questions

How much does a Pharmacists make in East Kentucky nonmetropolitan area?

The median annual salary for a Pharmacists in East Kentucky nonmetropolitan area is $121,320. This typically ranges from $55,270 for entry-level positions to $150,640 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in East Kentucky nonmetropolitan area is 10.9% lower than the national median of $136,140.

Is East Kentucky nonmetropolitan area a lucrative place for Pharmacists?

Yes, with caveats.While the $121,320 average salary is below the national average, the high concentration of pharmacists (LQ 2.26) and a national average cost of living suggest a stable and potentially rewarding career environment.

Is East Kentucky nonmetropolitan area a good place to live for Pharmacists?

The Cost of Living Index in East Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near East Kentucky nonmetropolitan area?

Some top paying nearby cities include Lexington-Fayette, KY ($132,060) and Elizabethtown, KY.

How does the pharmacist salary in East Kentucky compare to the national average?

The average annual salary for pharmacists in East Kentucky's nonmetropolitan area is $121,320, which is approximately $14,820 less than the national average of $136,140.

What does the Location Quotient of 2.26 mean for pharmacists in East Kentucky?

A Location Quotient of 2.26 indicates that pharmacists are more than twice as concentrated in East Kentucky compared to the national average, suggesting a strong regional demand for their services.

Is the cost of living a factor for pharmacists in East Kentucky?

No, the cost of living in East Kentucky's nonmetropolitan area is at the national average (100), meaning the $121,320 salary offers purchasing power equivalent to the national average.

How many pharmacists work in the East Kentucky nonmetropolitan area?

There are approximately 450 pharmacists employed in the East Kentucky nonmetropolitan area, representing a significant portion of the local healthcare workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the East Kentucky nonmetropolitan area area with a job density of 4.813 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.