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Average Pharmacists Salary in Montgomery, AL

Pharmacists in Montgomery, AL earn an impressive average annual salary of $133,030, slightly below the national average of $136,140. This marginal difference is often influenced by regional economic factors, the specific healthcare landscape, and the demand dynamics within the local market.

Executive Summary

  • Average Salary: $133,030 per year.
  • Growth Trend: Salaries have shifted 10.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $169,270.
  • Outlook: Montgomery boasts a robust local workforce of 490 Pharmacists, with a Location Quotient of 1.42, indicating a higher concentration of these professionals than the national average. This suggests a stable and potentially growing demand for skilled pharmacists within the region, supporting a healthy job market.
2024 Market Data

Salary Overview

$133,030

The average Pharmacists in Montgomery, AL earns-2.3%below the national average.

BreakdownBased on 40h/week
Hourly

$64

Weekly

$2,558

Monthly

$11,086

Pharmacists Salary Distribution in Montgomery, AL

Salary progression for Pharmacists in Montgomery is significantly tied to experience. Entry-level positions will naturally command lower salaries, while senior roles, specialized practitioners, and those in leadership positions can expect to earn considerably more. The gap between entry-level and senior-level salaries reflects substantial career growth and increased responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$93,400$44.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$99,773$48
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$133,130$64
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$166,288$79.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$169,270$81.4

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$133,030

Gross Pay

Real Wage (Purchasing Power)

$133,030

Adjusted for COL (100)

With an average annual salary of $133,030 and a Cost of Living Index of 100 (matching the national average), Pharmacists in Montgomery experience a salary that directly aligns with the national cost of living. This means their earnings provide purchasing power equivalent to the national standard, offering financial stability.

Job Market Context

490

Total Jobs

3.032

Per 1K Jobs

1.42

Location Quotient

Above Average

With a location quotient of 1.42, Montgomery, AL has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

The Location Quotient of 1.42 for Pharmacists in Montgomery signifies a notable concentration of this profession, exceeding the national benchmark. This suggests that the job market here is relatively more robust or specialized compared to other areas, potentially offering more opportunities or a competitive environment for skilled professionals.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Northeast Alabama nonmetropolitan area Pharmacists Salary$124,520↓ 6%44 mi
Southeast Alabama nonmetropolitan area Pharmacists Salary$130,020↓ 2%44 mi
Northwest Alabama nonmetropolitan area Pharmacists Salary$124,550↓ 6%44 mi
Southwest Alabama nonmetropolitan area Pharmacists Salary$128,690↓ 3%44 mi
Auburn-Opelika, AL Pharmacists Salary$124,530↓ 6%49 mi

Comparing salaries near Montgomery, AL

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in Montgomery, AL?

The median annual salary for a Pharmacists in Montgomery, AL is $133,030. This typically ranges from $93,400 for entry-level positions to $169,270 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Montgomery, AL is 2.3% lower than the national median of $136,140.

Is Montgomery, AL a lucrative place for Pharmacists?

Yes, Montgomery, AL offers a competitive salary for Pharmacists.The average salary of $133,030 is strong, and with a Cost of Living Index of 100, it provides national-average purchasing power. The higher concentration of pharmacists (LQ 1.42) also indicates a healthy local demand.

Is Montgomery, AL a good place to live for Pharmacists?

The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Montgomery, AL?

Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($124,520) and Southeast Alabama nonmetropolitan area.

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

Pharmacists in Montgomery, AL earn an average of $133,030 annually, which is slightly lower than the national average of $136,140.

What is the concentration of pharmacists in Montgomery, AL?

Montgomery has a higher concentration of pharmacists than the national average, as indicated by a Location Quotient of 1.42.

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

Montgomery's Cost of Living Index is 100, which is the national average. This means the $133,030 salary has purchasing power equivalent to the national standard.

What does the job market look like for pharmacists in Montgomery?

With a local workforce of 490 and a Location Quotient above 1, the job market for pharmacists in Montgomery appears stable and potentially indicates good demand for 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 490 employees in the Montgomery, AL area with a job density of 3.032 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 Montgomery, AL