Average Pharmacists Salary in Knoxville, TN
Pharmacists in Knoxville, TN, command an average annual salary of $126,610. This figure is slightly below the national average of $136,140, suggesting a localized compensation structure influenced by regional economic factors and demand. The specific economic landscape and healthcare needs of Knoxville play a significant role in determining this pay scale for its pharmacy professionals.
Executive Summary
- Average Salary: $126,610 per year.
- Growth Trend: Salaries have shifted 11.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,070.
- Outlook: Knoxville's pharmacist job market appears moderately robust, with a total local workforce of 1,030 professionals. The Location Quotient of 1.15 indicates a slightly higher concentration of pharmacists in Knoxville compared to the national average, suggesting a stable, if not rapidly expanding, demand for these essential healthcare providers within the region.
Salary Overview
The average Pharmacists in Knoxville, TN earns-7.0%below the national average.
$60.9
$2,435
$10,551
Pharmacists Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that pharmacist salaries in Knoxville, TN, have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in pharmaceutical services, and inflation likely contribute to a positive trajectory in compensation for pharmacists in the area.
Pharmacists Salary Distribution in Knoxville, TN
Career progression for pharmacists in Knoxville, TN, is typically marked by increasing earning potential. Entry-level pharmacists can expect salaries at the lower end of the spectrum, while those with extensive experience, specialized skills, or supervisory roles will command higher compensation. The percentile gaps in salary distribution signify clear opportunities for career advancement and increased earning power as one gains seniority.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $96,840 | $46.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $94,958 | $45.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $132,620 | $63.8 |
| 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) | $154,070 | $74.1 |
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 Knoxville, TN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a pharmacist's salary in Knoxville is equivalent to the national average, offering a stable financial standing without significant gains or losses in real income compared to the rest of the country.
Job Market Context
1,030
Total Jobs
2.463
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Knoxville, TN has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
With a Location Quotient of 1.15, Knoxville, TN, exhibits a slightly higher concentration of pharmacists than the national average. This suggests that while the demand is present and perhaps a bit more pronounced than in other areas, the market is not oversaturated. Pharmacists may find a competitive yet accessible job market, with opportunities available for skilled professionals.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Morristown, TN Pharmacists Salary | $119,920↓ 5% | 40 mi |
| Cleveland, TN Pharmacists Salary | $123,030↓ 3% | 75 mi |
| Asheville, NC Pharmacists Salary | $132,710↑ 5% | 83 mi |
| Kingsport-Bristol, TN-VA Pharmacists Salary | $126,050↓ 0% | 87 mi |
| Johnson City, TN Pharmacists Salary | $122,660↓ 3% | 91 mi |
Comparing salaries near Knoxville, TN
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Knoxville, TN?
The median annual salary for a Pharmacists in Knoxville, TN is $126,610. This typically ranges from $96,840 for entry-level positions to $154,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Knoxville, TN is 7.0% lower than the national median of $136,140.
Is Knoxville, TN a lucrative place for Pharmacists?
Yes, Knoxville, TN offers a competitive salary for Pharmacists.Pharmacists in Knoxville earn an average of $126,610, which is on par with the national cost of living. The slightly higher concentration of pharmacists indicates a healthy demand for the profession.
Is Knoxville, TN a good place to live for Pharmacists?
The Cost of Living Index in Knoxville, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Knoxville, TN?
Some top paying nearby cities include Morristown, TN ($119,920) and Cleveland, TN.
How does Knoxville's pharmacist salary compare to the national average?
Pharmacists in Knoxville, TN, earn an average annual salary of $126,610, which is approximately $9,530 less than the national average of $136,140.
What is the cost of living in Knoxville, TN for Pharmacists?
The cost of living in Knoxville, TN, is exactly at the national average, indicated by a Cost of Living Index of 100. This means a pharmacist's salary in Knoxville has the same purchasing power as the national average.
How concentrated is the pharmacist workforce in Knoxville?
Knoxville has a slightly higher concentration of pharmacists than the national average, with a Location Quotient of 1.15. This suggests a robust local demand for pharmacy services.
What is the total number of pharmacists employed in Knoxville?
There are approximately 1,030 pharmacists employed in Knoxville, TN, contributing to the local healthcare sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,030 employees in the Knoxville, TN area with a job density of 2.463 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 Knoxville, TN