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Average Pharmacists Salary in Montana

Pharmacists in Montana earn an impressive average annual salary of $135,130, a figure that closely mirrors the national average of $136,140. This slight parity suggests that while Montana offers a competitive compensation landscape, the unique economic drivers and demand within the state play a significant role in shaping pharmacist remuneration.

Executive Summary

  • Average Salary: $135,130 per year.
  • Growth Trend: Salaries have shifted 15.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $161,590.
  • Outlook: With a local workforce of 1,330 pharmacists and a Location Quotient of 1.22, Montana demonstrates a healthy concentration of these professionals, indicating a robust demand that slightly outpaces the national average. This suggests a stable and potentially growing job market for pharmacists within the state.
2024 Market Data

Salary Overview

$135,130

The average Pharmacists in Montana earns-0.7%below the national average.

BreakdownBased on 40h/week
Hourly

$65

Weekly

$2,599

Monthly

$11,261

Pharmacists Salary Distribution in Montana

The salary spectrum for pharmacists in Montana likely shows a significant increase from entry-level positions to senior roles. Experienced pharmacists can expect to command higher salaries, with the percentile gaps reflecting substantial career progression and the accumulation of specialized skills and responsibilities. This upward trend underscores the value placed on expertise in the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$100,990$48.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$101,348$48.7
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$137,230$66
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$168,913$81.2
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$161,590$77.7

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$135,130

Gross Pay

Real Wage (Purchasing Power)

$126,408

Adjusted for COL (106.9)

Montana's average pharmacist salary of $135,130 presents a strong purchasing power, especially when considering the local Cost of Living Index of 106.9. While slightly above the national average, this index indicates that the nominal salary offers a comfortable lifestyle, with earnings likely stretching further than in many higher-cost metropolitan areas.

Job Market Context

1,330

Total Jobs

2.608

Per 1K Jobs

1.22

Location Quotient

Above Average

With a location quotient of 1.22, Montana has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

The Location Quotient of 1.22 for pharmacists in Montana signifies a higher concentration of these professionals compared to the national average. This suggests that the job market is relatively more abundant in Montana, potentially leading to increased competition for open positions but also indicating a strong presence and established need for pharmaceutical services within the state.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Great Falls, MT Pharmacists Salary$132,430↓ 2%56 mi
Helena, MT Pharmacists Salary$137,160↑ 2%77 mi
Bozeman, MT Pharmacists Salary$142,670↑ 6%90 mi

Comparing salaries near Montana

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Frequently Asked Questions

How much does a Pharmacists make in Montana?

The median annual salary for a Pharmacists in Montana is $135,130. This typically ranges from $100,990 for entry-level positions to $161,590 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Montana is 0.7% lower than the national median of $136,140.

Is Montana a lucrative place for Pharmacists?

Yes, Montana offers a lucrative environment for pharmacists.Pharmacists in Montana earn an average of $135,130, nearly matching the national average, while the cost of living remains only slightly elevated, providing excellent earning potential.

Is Montana a good place to live for Pharmacists?

The Cost of Living Index in Montana is 106.9. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Montana?

Some top paying nearby cities include Great Falls, MT ($132,430) and Helena, MT.

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

Montana's average pharmacist salary of $135,130 is very close to the national average of $136,140, indicating competitive compensation within the state.

What is the concentration of pharmacists in Montana?

Montana has a Location Quotient of 1.22 for pharmacists, meaning there is a higher concentration of these professionals compared to the national average, suggesting strong local demand.

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

With a Cost of Living Index of 106.9, Montana is only slightly more expensive than the national average. This means the $135,130 average salary offers good purchasing power for pharmacists.

What is the size of the pharmacist workforce in Montana?

The total local workforce for pharmacists in Montana is approximately 1,330 individuals, indicating a substantial and established presence of the profession.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,330 employees in the Montana area with a job density of 2.608 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 Montana