Average Pharmacists Salary in Lexington-Fayette, KY
Pharmacists in Lexington-Fayette, KY earn an average annual salary of $132,060. This figure is slightly below the national average of $136,140, suggesting that while the demand is present, local market dynamics and potentially other factors contribute to this compensation. The specific economic landscape of Lexington-Fayette influences the pay scale for this vital healthcare profession.
Executive Summary
- Average Salary: $132,060 per year.
- Growth Trend: Salaries have shifted 21.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $163,640.
- Outlook: With a total local workforce of 990 pharmacists, Lexington-Fayette demonstrates a notable concentration of these professionals. The Location Quotient of 1.65 indicates that pharmacists are significantly more prevalent in this area compared to the national average, suggesting a robust and established job market for this role. This higher concentration points to consistent demand and a healthy employment environment for pharmacists.
Salary Overview
The average Pharmacists in Lexington-Fayette, KY earns-3.0%below the national average.
$63.5
$2,540
$11,005
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Lexington-Fayette, KY, 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 these professionals.
Pharmacists Salary Distribution in Lexington-Fayette, KY
The career path for pharmacists in Lexington-Fayette, KY, typically involves a clear progression in 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 widening gap between lower and higher percentile salaries signifies substantial opportunities for career advancement and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $106,110 | $51 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $99,045 | $47.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $138,300 | $66.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $165,075 | $79.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $163,640 | $78.7 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$132,060
Gross Pay
Real Wage (Purchasing Power)
$132,060
Adjusted for COL (100)
The average annual salary of $132,060 in Lexington-Fayette, KY, 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 equivalent to the national standard, offering a stable financial environment for residents. Relocation to Lexington-Fayette presents no immediate cost-of-living disadvantage for pharmacists.
Job Market Context
990
Total Jobs
3.513
Per 1K Jobs
1.65
Location Quotient
Lexington-Fayette, KY 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.
Lexington-Fayette, KY, boasts a Location Quotient of 1.65 for pharmacists, signifying a market where this profession is 65% more concentrated than the national average. This indicates a strong demand and a well-established presence of pharmacists, making it a potentially competitive yet abundant market for job seekers and employers alike. The high concentration suggests a mature and active employment landscape.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Pharmacists Salary | $129,610↓ 2% | 28 mi |
| South Central Kentucky nonmetropolitan area Pharmacists Salary | $123,070↓ 7% | 28 mi |
| West Kentucky nonmetropolitan area Pharmacists Salary | $129,260↓ 2% | 28 mi |
| East Kentucky nonmetropolitan area Pharmacists Salary | $121,320↓ 8% | 28 mi |
| Louisville/Jefferson County, KY-IN Pharmacists Salary | $134,040↑ 1% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Lexington-Fayette, KY?
The median annual salary for a Pharmacists in Lexington-Fayette, KY is $132,060. This typically ranges from $106,110 for entry-level positions to $163,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 3.0% lower than the national median of $136,140.
Is Lexington-Fayette, KY a lucrative place for Pharmacists?
Yes, with a caveat.Pharmacists in Lexington-Fayette, KY, earn a competitive average salary of $132,060, which aligns with the national average cost of living. The high concentration of pharmacists (LQ 1.65) indicates strong local demand, making it a stable market.
Is Lexington-Fayette, KY a good place to live for Pharmacists?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($129,610) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette pharmacist salary compare to the national average?
The average annual salary for pharmacists in Lexington-Fayette, KY, is $132,060, which is slightly lower than the national average of $136,140.
What is the cost of living in Lexington-Fayette, KY for pharmacists?
The cost of living in Lexington-Fayette, KY, is at the national average (index of 100), meaning a pharmacist's salary there has equivalent purchasing power to the national standard.
Is there high demand for pharmacists in Lexington-Fayette, KY?
Yes, the Location Quotient of 1.65 suggests that pharmacists are significantly more concentrated in Lexington-Fayette, KY, than the national average, indicating strong local demand.
How many pharmacists are there in Lexington-Fayette, KY?
There are approximately 990 pharmacists employed in the Lexington-Fayette, KY, area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 990 employees in the Lexington-Fayette, KY area with a job density of 3.513 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 Lexington-Fayette, KY