Average Pharmacists Salary in Milwaukee-Waukesha, WI
Pharmacists in the Milwaukee-Waukesha, WI area earn an impressive average annual salary of $146,730. This figure notably surpasses the national average of $136,140, indicating a strong local demand for these essential healthcare professionals. The specialized needs and economic landscape of the region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $146,730 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $174,730.
- Outlook: With a local workforce of 1,590 pharmacists and a Location Quotient of 0.91, the Milwaukee-Waukesha market demonstrates a healthy, albeit slightly below national average, concentration of this profession. The presence of nearly 2 pharmacists per 1,000 workers suggests a stable demand that aligns closely with national employment patterns for this critical role.
Salary Overview
The average Pharmacists in Milwaukee-Waukesha, WI earns+7.8%above the national average.
$70.5
$2,822
$12,228
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Milwaukee-Waukesha have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in pharmaceutical services, and inflation typically drive upward salary adjustments in this sector.
Pharmacists Salary Distribution in Milwaukee-Waukesha, WI
The career trajectory for pharmacists in Milwaukee-Waukesha offers significant earning potential, with salaries scaling considerably from entry-level positions to senior roles. While specific percentile data is absent, the typical progression sees higher earnings at the 75th and 90th percentiles, reflecting the value of accumulated experience, specialized skills, and leadership responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $108,600 | $52.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $110,048 | $52.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $148,740 | $71.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $183,413 | $88.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $174,730 | $84 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$146,730
Gross Pay
Real Wage (Purchasing Power)
$146,730
Adjusted for COL (100)
The average annual salary of $146,730 in Milwaukee-Waukesha is particularly attractive given the local Cost of Living Index of 100, which is precisely at the national average. This means that the purchasing power of a pharmacist's salary in this metropolitan area is equivalent to the national standard, allowing for a comfortable lifestyle without the financial strain often associated with higher cost-of-living regions.
Job Market Context
1,590
Total Jobs
1.946
Per 1K Jobs
0.91
Location Quotient
Milwaukee-Waukesha, WI has 0.91x 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.
A Location Quotient of 0.91 suggests that the Milwaukee-Waukesha metropolitan area has a slightly lower concentration of pharmacists compared to the national average. This indicates a competitive, yet stable, job market where demand is present but not overwhelmingly saturated, offering good opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Racine-Mount Pleasant, WI Pharmacists Salary | $132,920↓ 9% | 25 mi |
| Kenosha, WI Pharmacists Salary | $138,840↓ 5% | 33 mi |
| Sheboygan, WI Pharmacists Salary | $135,870↓ 7% | 48 mi |
| Fond du Lac, WI Pharmacists Salary | $133,970↓ 9% | 54 mi |
| Janesville-Beloit, WI Pharmacists Salary | $136,000↓ 7% | 59 mi |
Comparing salaries near Milwaukee-Waukesha, WI
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Milwaukee-Waukesha, WI?
The median annual salary for a Pharmacists in Milwaukee-Waukesha, WI is $146,730. This typically ranges from $108,600 for entry-level positions to $174,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Milwaukee-Waukesha, WI is 7.8% higher than the national median of $136,140.
Is Milwaukee-Waukesha, WI a lucrative place for Pharmacists?
Yes.Pharmacists in Milwaukee-Waukesha earn an average of $146,730, significantly above the national average, while maintaining a cost of living at the national benchmark.
Is Milwaukee-Waukesha, WI a good place to live for Pharmacists?
The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Milwaukee-Waukesha, WI?
Some top paying nearby cities include Racine-Mount Pleasant, WI ($132,920) and Kenosha, WI.
How does the Milwaukee pharmacist salary compare to the national average?
The average annual salary for pharmacists in Milwaukee-Waukesha is $146,730, which is $10,590 higher than the national average of $136,140.
What is the job concentration for pharmacists in Milwaukee-Waukesha?
The Location Quotient for pharmacists in Milwaukee-Waukesha is 0.91, indicating a slightly lower concentration compared to the national average.
How does the cost of living in Milwaukee-Waukesha affect pharmacist salaries?
With a Cost of Living Index of 100, the Milwaukee-Waukesha area is at the national average, meaning the higher nominal salary offers equivalent purchasing power to the national average.
What is the total number of pharmacists in the Milwaukee-Waukesha workforce?
There are approximately 1,590 pharmacists employed within the Milwaukee-Waukesha 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 1,590 employees in the Milwaukee-Waukesha, WI area with a job density of 1.946 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 Milwaukee-Waukesha, WI