Average Pharmacists Salary in Eastern New Mexico nonmetropolitan area
Pharmacists in the Eastern New Mexico nonmetropolitan area earn an average annual salary of $132,000. This figure is slightly below the national average of $136,140, a common occurrence in regions with a lower cost of living and potentially less concentrated demand for specialized roles. The specific economic drivers and healthcare infrastructure of this area contribute to this localized compensation.
Executive Summary
- Average Salary: $132,000 per year.
- Growth Trend: Salaries have shifted 1.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,560.
- Outlook: The job market for Pharmacists in Eastern New Mexico appears stable, with a total local workforce of 220 individuals. The Location Quotient of 0.64 suggests that while the concentration of pharmacists is lower than the national average, there is still a consistent presence and demand for these professionals within the region's healthcare system.
Salary Overview
The average Pharmacists in Eastern New Mexico nonmetropolitan area earns-3.0%below the national average.
$63.5
$2,538
$11,000
Pharmacists Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that pharmacist salaries in Eastern New Mexico have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, evolving pharmaceutical practices, and inflation likely contribute to a positive salary trajectory for pharmacists in the region.
Pharmacists Salary Distribution in Eastern New Mexico nonmetropolitan area
Salary progression for Pharmacists in Eastern New Mexico typically scales with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn significantly more. The gap between entry-level and senior-level salaries, often reflected in percentile data, signifies clear career advancement opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $45,760 | $22 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $99,000 | $47.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $135,790 | $65.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $165,000 | $79.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $173,560 | $83.4 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$132,000
Gross Pay
Real Wage (Purchasing Power)
$132,000
Adjusted for COL (100)
The average annual salary of $132,000 in Eastern New Mexico 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 comparable to the national standard, offering a stable financial environment for residents.
Job Market Context
220
Total Jobs
1.359
Per 1K Jobs
0.64
Location Quotient
Eastern New Mexico nonmetropolitan area has 0.64x 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.
With a Location Quotient of 0.64, the job market for Pharmacists in Eastern New Mexico is less concentrated than the national average. This suggests that while opportunities exist, the market may be less saturated, potentially offering a more direct path to employment for qualified candidates compared to highly competitive metropolitan areas.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Pharmacists Salary | $136,300↑ 3% | 29 mi |
| Santa Fe, NM Pharmacists Salary | $135,990↑ 3% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
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Frequently Asked Questions
How much does a Pharmacists make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Pharmacists in Eastern New Mexico nonmetropolitan area is $132,000. This typically ranges from $45,760 for entry-level positions to $173,560 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 3.0% lower than the national median of $136,140.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Pharmacists?
Yes, it offers competitive compensation relative to its cost of living.Pharmacists in this area earn a substantial $132,000 annually, which holds strong purchasing power due to the national average cost of living.
Is Eastern New Mexico nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($136,300) and Santa Fe, NM.
How does the pharmacist salary in Eastern New Mexico compare to the national average?
The average pharmacist salary in Eastern New Mexico is $132,000, which is slightly lower than the national average of $136,140.
What is the cost of living in Eastern New Mexico for Pharmacists?
The cost of living in Eastern New Mexico is at the national average, indicated by an index of 100, meaning your salary has standard purchasing power.
How many pharmacists work in Eastern New Mexico?
There are approximately 220 pharmacists employed in the Eastern New Mexico nonmetropolitan area.
Is there high demand for pharmacists in this region?
The Location Quotient of 0.64 suggests a lower concentration of pharmacists compared to the national average, indicating a stable but not overly saturated demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 1.359 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 Eastern New Mexico nonmetropolitan area