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Average Pharmacists Salary in Fargo, ND-MN

Pharmacists in the Fargo, ND-MN area earn an average annual salary of $118,950. This figure is notably below the national average of $136,140, suggesting that local market dynamics and potentially a different supply-demand equilibrium influence compensation in this region. Factors such as the cost of doing business, local healthcare needs, and the presence of specific pharmacy types likely contribute to this pay differential.

Executive Summary

  • Average Salary: $118,950 per year.
  • Growth Trend: Salaries have shifted 31.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $163,280.
  • Outlook: The Fargo, ND-MN metropolitan area supports a robust pharmacist workforce of 500 professionals. With a Location Quotient of 1.6, indicating a concentration 60% higher than the national average, there is a clear and sustained demand for pharmacists in this region. The presence of 3.418 jobs per 1,000 workers further underscores the stability and potential for growth within the local pharmaceutical job market.
2024 Market Data

Salary Overview

$118,950

The average Pharmacists in Fargo, ND-MN earns-12.6%below the national average.

BreakdownBased on 40h/week
Hourly

$57.2

Weekly

$2,288

Monthly

$9,913

Pharmacists Salary Distribution in Fargo, ND-MN

The career trajectory for pharmacists in Fargo, ND-MN typically shows a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as pharmacists gain expertise, manage more complex patient cases, or take on supervisory roles, their earning potential escalates considerably. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, clearly signifies opportunities for career advancement and increased remuneration.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$34,620$16.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$89,213$42.9
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$136,270$65.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$148,688$71.5
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$163,280$78.5

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$118,950

Gross Pay

Real Wage (Purchasing Power)

$118,950

Adjusted for COL (100)

The average annual salary of $118,950 for pharmacists in Fargo, ND-MN aligns precisely with the national average cost of living, which is indexed at 100. This means that the purchasing power of a Fargo pharmacist's salary is equivalent to that of a pharmacist earning the national average in a location with a national average cost of living. Consequently, the nominal salary translates directly into comparable living standards without significant financial adjustment.

Job Market Context

500

Total Jobs

3.418

Per 1K Jobs

1.6

Location Quotient

Major Hub

Fargo, ND-MN has 1.6x 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.

Fargo, ND-MN exhibits a strong concentration of pharmacists, as evidenced by its Location Quotient of 1.6. This suggests that the region has a higher proportion of pharmacists relative to its overall workforce compared to the national average. While this indicates a robust demand, it also implies a potentially competitive job market where employers may have a wider pool of qualified candidates to choose from.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Grand Forks, ND-MN Pharmacists Salary$130,890↑ 10%74 mi

Comparing salaries near Fargo, ND-MN

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in Fargo, ND-MN?

The median annual salary for a Pharmacists in Fargo, ND-MN is $118,950. This typically ranges from $34,620 for entry-level positions to $163,280 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fargo, ND-MN is 12.6% lower than the national median of $136,140.

Is Fargo, ND-MN a lucrative place for Pharmacists?

Yes, with caveats.While the average salary of $118,950 is below the national average, the cost of living is also at the national average, maintaining purchasing power. Furthermore, the high concentration of pharmacists (LQ 1.6) indicates strong local demand.

Is Fargo, ND-MN a good place to live for Pharmacists?

The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Fargo, ND-MN?

Some top paying nearby cities include Grand Forks, ND-MN ($130,890) and others.

How does the Fargo pharmacist salary compare to the national average?

The average annual salary for pharmacists in Fargo, ND-MN is $118,950, which is lower than the national average of $136,140.

What is the cost of living in Fargo, ND-MN for pharmacists?

The cost of living in Fargo, ND-MN is at the national average, indexed at 100, meaning your salary has the same purchasing power as the national average.

Is there high demand for pharmacists in Fargo, ND-MN?

Yes, the Location Quotient of 1.6 and 3.418 jobs per 1,000 workers indicate a higher-than-average concentration and demand for pharmacists in the area.

How many pharmacists work in Fargo, ND-MN?

There are approximately 500 pharmacists employed in the Fargo, ND-MN metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 500 employees in the Fargo, ND-MN area with a job density of 3.418 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Fargo, ND-MN