Average Pharmacists Salary in Monroe, LA
Pharmacists in Monroe, Louisiana, earn an average annual salary of $121,400. This figure is notably below the national average of $136,140, suggesting that local market dynamics and potentially the specific healthcare landscape in Monroe influence compensation levels. Factors such as the demand for pharmacy services relative to the supply of professionals, and the economic conditions of the region, likely contribute to this pay differential.
Executive Summary
- Average Salary: $121,400 per year.
- Growth Trend: Salaries have shifted 8.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $145,600.
- Outlook: The pharmacist job market in Monroe, LA, appears moderately concentrated, with a local workforce of 260 professionals. The Location Quotient of 1.41 indicates a higher concentration of pharmacists in Monroe compared to the national average, suggesting a stable, albeit not rapidly expanding, demand for these services within the local economy. The presence of 3.004 jobs per 1,000 workers further solidifies the presence of a consistent need for skilled pharmacists.
Salary Overview
The average Pharmacists in Monroe, LA earns-10.8%below the national average.
$58.4
$2,335
$10,117
Pharmacists Salary Trends (2020-2024)
While specific historical data for Monroe is not provided, it is reasonable to assume that pharmacist salaries in the region have experienced growth over the past four years, mirroring national trends. Economic factors, evolving healthcare needs, and inflation typically drive salary increases for in-demand professions like pharmacy. This general upward trend likely means that current compensation reflects an increase from previous years, offering a positive outlook for the profession's earning potential.
Pharmacists Salary Distribution in Monroe, LA
The career trajectory for pharmacists in Monroe, LA, typically involves significant salary progression based on experience. Entry-level pharmacists can expect to earn at the lower end of the pay scale, while senior pharmacists with specialized skills or management responsibilities command higher salaries. The percentile gaps between entry-level, mid-career, and senior roles signify clear opportunities for career advancement and increased earning potential within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $85,940 | $41.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $91,050 | $43.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $125,740 | $60.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $151,750 | $73 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $145,600 | $70 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$121,400
Gross Pay
Real Wage (Purchasing Power)
$121,400
Adjusted for COL (100)
A nominal salary of $121,400 in Monroe, LA, is positioned favorably against the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a pharmacist's income in Monroe is equivalent to the national standard. While the salary is below the national average, the cost of living parity ensures that the take-home pay maintains its value relative to expenses across the country.
Job Market Context
260
Total Jobs
3.004
Per 1K Jobs
1.41
Location Quotient
With a location quotient of 1.41, Monroe, LA has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
The Location Quotient of 1.41 for pharmacists in Monroe, LA, signifies a market where this profession is more concentrated than the national average. This suggests a robust local demand for pharmacists relative to the general workforce, potentially indicating a competitive environment for employers seeking talent but also offering good opportunities for job seekers. The higher concentration implies that Monroe is a significant hub for pharmacy services within its regional context.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Pharmacists Salary | $129,820↑ 7% | 88 mi |
| Southwest Louisiana nonmetropolitan area Pharmacists Salary | $121,060↓ 0% | 94 mi |
| Central Louisiana nonmetropolitan area Pharmacists Salary | $128,500↑ 6% | 94 mi |
| Northeast Louisiana nonmetropolitan area Pharmacists Salary | $128,060↑ 5% | 94 mi |
Comparing salaries near Monroe, LA
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Monroe, LA?
The median annual salary for a Pharmacists in Monroe, LA is $121,400. This typically ranges from $85,940 for entry-level positions to $145,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 10.8% lower than the national median of $136,140.
Is Monroe, LA a lucrative place for Pharmacists?
Yes, with caveats.Pharmacists in Monroe, LA, earn $121,400, which aligns with the national cost of living. While below the national average salary, the strong concentration (LQ 1.41) indicates consistent demand.
Is Monroe, LA a good place to live for Pharmacists?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($129,820) and Southwest Louisiana nonmetropolitan area.
How does Monroe's pharmacist salary compare to the national average?
The average annual salary for pharmacists in Monroe, LA is $121,400, which is $14,740 less than the national average of $136,140.
What is the concentration of pharmacists in Monroe, LA?
Monroe, LA has a Location Quotient of 1.41 for pharmacists, meaning the profession is 41% more concentrated than the national average.
How does the cost of living in Monroe, LA affect pharmacist salaries?
Monroe, LA has a Cost of Living Index of 100, which is the national average. This means the $121,400 salary has purchasing power equivalent to the national standard.
What is the total number of pharmacists in Monroe, LA?
There are approximately 260 pharmacists employed in Monroe, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Monroe, LA area with a job density of 3.004 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 Monroe, LA