Average Pharmacists Salary in Lafayette, LA
Pharmacists in Lafayette, Louisiana, earn an average annual salary of $124,510. This figure is notably below the national average of $136,140, suggesting that local market dynamics, such as demand and supply, play a significant role in compensation within this specific region.
Executive Summary
- Average Salary: $124,510 per year.
- Growth Trend: Salaries have shifted 3.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,410.
- Outlook: Lafayette's pharmacist job market appears moderately robust, with a local workforce of 450 professionals. The Location Quotient of 1.2 indicates a slightly higher concentration of pharmacists compared to the national average, suggesting a stable, albeit not exceptionally high, demand for these services within the area.
Salary Overview
The average Pharmacists in Lafayette, LA earns-8.5%below the national average.
$59.9
$2,394
$10,376
Pharmacists Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that pharmacist salaries in Lafayette, LA, have experienced a gradual upward trend over the past four years, mirroring national patterns driven by factors like inflation, increased healthcare needs, and evolving pharmaceutical practices.
Pharmacists Salary Distribution in Lafayette, LA
Salary progression for pharmacists in Lafayette, LA, typically scales with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior pharmacists with extensive experience and specialized skills can expect to earn significantly more, with percentile gaps reflecting these career advancements.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $94,700 | $45.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $93,383 | $44.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $129,310 | $62.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $155,638 | $74.8 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $155,410 | $74.7 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$124,510
Gross Pay
Real Wage (Purchasing Power)
$124,510
Adjusted for COL (100)
The average annual salary of $124,510 in Lafayette, LA, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a pharmacist's salary in Lafayette is equivalent to the national average, offering a stable financial standing relative to living expenses.
Job Market Context
450
Total Jobs
2.566
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Lafayette, LA has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
A Location Quotient of 1.2 signifies that Lafayette, LA, has a slightly higher concentration of pharmacists than the national average. This suggests a competitive market where employers may have a good pool of talent to draw from, but also indicates a consistent demand for these essential healthcare professionals.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Pharmacists Salary | $131,500↑ 6% | 56 mi |
| Southwest Louisiana nonmetropolitan area Pharmacists Salary | $121,060↓ 3% | 67 mi |
| Central Louisiana nonmetropolitan area Pharmacists Salary | $128,500↑ 3% | 67 mi |
| Northeast Louisiana nonmetropolitan area Pharmacists Salary | $128,060↑ 3% | 67 mi |
| Lake Charles, LA Pharmacists Salary | $123,070↓ 1% | 70 mi |
Comparing salaries near Lafayette, LA
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Lafayette, LA?
The median annual salary for a Pharmacists in Lafayette, LA is $124,510. This typically ranges from $94,700 for entry-level positions to $155,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 8.5% lower than the national median of $136,140.
Is Lafayette, LA a lucrative place for Pharmacists?
Yes, Lafayette, LA offers a competitive salary for pharmacists.Pharmacists in Lafayette earn an average of $124,510 annually, which is strong considering the cost of living is at the national average.
Is Lafayette, LA a good place to live for Pharmacists?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($131,500) and Southwest Louisiana nonmetropolitan area.
How does the Lafayette pharmacist salary compare to the national average?
The average annual salary for pharmacists in Lafayette, LA, is $124,510, which is approximately $11,630 less than the national average of $136,140.
What is the concentration of pharmacists in Lafayette, LA?
Lafayette, LA has a Location Quotient of 1.2 for pharmacists, indicating a slightly higher concentration of these professionals compared to the national average.
How does the cost of living in Lafayette affect a pharmacist's salary?
With a Cost of Living Index of 100, Lafayette's cost of living is exactly at the national average. This means the $124,510 salary has the same purchasing power as the national average salary.
What is the total number of pharmacists in Lafayette, LA?
There are approximately 450 pharmacists employed in the Lafayette, LA area.
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 Lafayette, LA area with a job density of 2.566 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 Lafayette, LA