Average Pharmacists Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Pharmacists in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an impressive average annual salary of $148,770. This figure significantly surpasses the national average of $136,140, indicating a robust demand and potentially higher operational costs or specialized needs within this region that drive compensation higher.
Executive Summary
- Average Salary: $148,770 per year.
- Growth Trend: Salaries have shifted 14.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $170,630.
- Outlook: The Minneapolis-St. Paul-Bloomington area supports a substantial local workforce of 3,960 Pharmacists. With a Location Quotient of 0.96, the concentration of these professionals is nearly on par with the national average, suggesting a stable and mature job market that consistently requires skilled individuals.
Salary Overview
The average Pharmacists in Minneapolis-St. Paul-Bloomington, MN-WI earns+9.3%above the national average.
$71.5
$2,861
$12,398
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Pharmacists in Minneapolis-St. Paul-Bloomington has experienced consistent growth over the past four years, mirroring national trends of increasing healthcare demands and the evolving responsibilities within the pharmacy profession.
Pharmacists Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Pharmacists in Minneapolis-St. Paul-Bloomington is typically marked by significant salary increases. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with specialized skills or supervisory roles can command salaries well into the upper percentiles, reflecting years of experience and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $124,780 | $60 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $111,578 | $53.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $156,060 | $75 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $185,963 | $89.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $170,630 | $82 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$148,770
Gross Pay
Real Wage (Purchasing Power)
$148,770
Adjusted for COL (100)
The average annual salary of $148,770 in Minneapolis-St. Paul-Bloomington 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 this area is equivalent to the national standard, allowing for a comparable lifestyle without significant financial strain.
Job Market Context
3,960
Total Jobs
2.049
Per 1K Jobs
0.96
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.96x 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 0.96 indicates that the Minneapolis-St. Paul-Bloomington metropolitan area has a slightly lower concentration of Pharmacists compared to the national average. This suggests a healthy, competitive job market where demand is steady, and opportunities are readily available for qualified professionals without being oversaturated.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Pharmacists Salary | $144,210↓ 3% | 58 mi |
| Southeast Minnesota nonmetropolitan area Pharmacists Salary | $147,200↓ 1% | 58 mi |
| Southwest Minnesota nonmetropolitan area Pharmacists Salary | $141,810↓ 5% | 58 mi |
| Northeast Minnesota nonmetropolitan area Pharmacists Salary | $144,370↓ 3% | 58 mi |
| St. Cloud, MN Pharmacists Salary | $146,540↓ 1% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
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Frequently Asked Questions
How much does a Pharmacists make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Pharmacists in Minneapolis-St. Paul-Bloomington, MN-WI is $148,770. This typically ranges from $124,780 for entry-level positions to $170,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 9.3% higher than the national median of $136,140.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Pharmacists?
Yes, it is a lucrative place for Pharmacists.Pharmacists in this region earn approximately $12,630 more than the national average annually. Coupled with a cost of living at the national average, this makes the area financially attractive for the profession.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Pharmacists?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($144,210) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington pharmacist salary compare to the national average?
The average annual salary for Pharmacists in Minneapolis-St. Paul-Bloomington is $148,770, which is notably higher than the national average of $136,140.
What is the job market like for Pharmacists in Minneapolis-St. Paul-Bloomington?
The job market is stable, with a local workforce of 3,960 Pharmacists and a concentration (Location Quotient) of 0.96, indicating a demand that closely mirrors the national average.
Does the cost of living affect the value of a Pharmacist's salary in Minneapolis-St. Paul-Bloomington?
No, the cost of living in Minneapolis-St. Paul-Bloomington is exactly at the national average (100), meaning the higher nominal salary translates directly to comparable purchasing power.
How many Pharmacists are employed in the Minneapolis-St. Paul-Bloomington area?
There are approximately 3,960 Pharmacists employed within the Minneapolis-St. Paul-Bloomington 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 3,960 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 2.049 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 Minneapolis-St. Paul-Bloomington, MN-WI