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Average Pharmacists Salary in Minnesota

Pharmacists in Minnesota earn an impressive average annual salary of $147,880, significantly exceeding the national average of $136,140. This elevated compensation is often driven by the state's specific healthcare demands, regulatory environment, and the specialized skills required for pharmacy practice within the region.

Executive Summary

  • Average Salary: $147,880 per year.
  • Growth Trend: Salaries have shifted 13.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $171,120.
  • Outlook: With a local workforce of 6,010 pharmacists and a Location Quotient of 0.96, Minnesota presents a stable yet slightly below-average concentration of these professionals compared to the national landscape. This suggests a consistent demand for skilled pharmacists, indicating a robust job market that can support current employment levels and potential growth.
2024 Market Data

Salary Overview

$147,880

The average Pharmacists in Minnesota earns+8.6%above the national average.

BreakdownBased on 40h/week
Hourly

$71.1

Weekly

$2,844

Monthly

$12,323

Pharmacists Salary Distribution in Minnesota

The career path for pharmacists in Minnesota typically shows a clear salary progression. Entry-level positions might start around the lower percentiles, while seasoned professionals with extensive experience and specialized certifications can command salaries in the upper percentiles. These percentile gaps highlight significant opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$124,080$59.7
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$110,910$53.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$154,610$74.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$184,850$88.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$171,120$82.3

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$147,880

Gross Pay

Real Wage (Purchasing Power)

$156,653

Adjusted for COL (94.4)

The average annual salary of $147,880 in Minnesota offers substantial purchasing power, especially when considering the state's Cost of Living Index of 94.4, which is below the national average of 100. This means that the nominal salary translates into a higher real income, allowing pharmacists to enjoy a better standard of living compared to areas with a higher cost of living.

Job Market Context

6,010

Total Jobs

2.057

Per 1K Jobs

0.96

Location Quotient

Below Average

Minnesota 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 concentration of pharmacists in Minnesota is very close to the national average. This suggests a balanced job market where the supply of pharmacists closely matches the demand, making it neither overly saturated nor exceptionally competitive for new entrants, but rather a steady environment for employment.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
St. Cloud, MN Pharmacists Salary$146,540↓ 1%17 mi
Minneapolis-St. Paul-Bloomington, MN-WI Pharmacists Salary$148,770↑ 1%58 mi

Comparing salaries near Minnesota

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in Minnesota?

The median annual salary for a Pharmacists in Minnesota is $147,880. This typically ranges from $124,080 for entry-level positions to $171,120 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 8.6% higher than the national median of $136,140.

Is Minnesota a lucrative place for Pharmacists?

Yes, Minnesota is a lucrative place for Pharmacists.Pharmacists in Minnesota earn an average of $147,880 annually, which is higher than the national average. Coupled with a cost of living below the national average, this makes the state financially attractive for the profession.

Is Minnesota a good place to live for Pharmacists?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Minnesota?

Some top paying nearby cities include St. Cloud, MN ($146,540) and Minneapolis-St. Paul-Bloomington, MN-WI.

How does Minnesota's pharmacist salary compare to the national average?

The average annual salary for pharmacists in Minnesota is $147,880, which is approximately $11,740 higher than the national average of $136,140.

What is the total number of pharmacists employed in Minnesota?

There are approximately 6,010 pharmacists employed in Minnesota, representing 2.057 jobs per 1,000 workers in the state.

How does the cost of living in Minnesota affect pharmacist salaries?

With a Cost of Living Index of 94.4 (below the national average of 100), the higher-than-average salary in Minnesota provides greater purchasing power and a potentially higher standard of living for pharmacists.

Is the job market for pharmacists in Minnesota highly concentrated?

The Location Quotient of 0.96 suggests that the concentration of pharmacists in Minnesota is nearly on par with the national average, indicating a stable and balanced job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 6,010 employees in the Minnesota area with a job density of 2.057 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Minnesota