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Average Pharmacists Salary in New Jersey

Pharmacists in New Jersey earn an impressive average annual salary of $134,360, slightly below the national average of $136,140. This minor difference is often influenced by the state's robust healthcare sector and the specific demand dynamics within its urban and suburban centers, which can command competitive compensation for specialized roles.

Executive Summary

  • Average Salary: $134,360 per year.
  • Growth Trend: Salaries have shifted 7.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $164,020.
  • Outlook: New Jersey boasts a substantial pharmacist workforce of 10,930 individuals. With a Location Quotient of 1.21, the state shows a higher concentration of pharmacists than the national average, indicating a strong and established demand for these professionals within its healthcare ecosystem.
2024 Market Data

Salary Overview

$134,360

The average Pharmacists in New Jersey earns-1.3%below the national average.

BreakdownBased on 40h/week
Hourly

$64.6

Weekly

$2,584

Monthly

$11,197

Pharmacists Salary Distribution in New Jersey

The career trajectory for pharmacists in New Jersey typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but as pharmacists gain expertise, manage teams, or specialize in areas like clinical pharmacy or oncology, their earning potential escalates, reflected in the widening salary gap between junior and senior practitioners.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$107,860$51.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$100,770$48.4
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$132,510$63.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$167,950$80.7
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$164,020$78.9

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$134,360

Gross Pay

Real Wage (Purchasing Power)

$119,537

Adjusted for COL (112.4)

While the average pharmacist salary in New Jersey is $134,360, the state's Cost of Living Index stands at 112.4, meaning it is 12.4% more expensive than the national average. This suggests that while the nominal salary is high, the purchasing power may be somewhat diminished compared to areas with a lower cost of living, requiring careful financial planning.

Job Market Context

10,930

Total Jobs

2.571

Per 1K Jobs

1.21

Location Quotient

Above Average

With a location quotient of 1.21, New Jersey has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

A Location Quotient of 1.21 signifies that New Jersey has a 21% higher concentration of pharmacists relative to its general workforce compared to the national average. This suggests a competitive yet robust job market where demand for pharmaceutical expertise is notably strong, potentially leading to more specialized opportunities and competitive hiring.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Trenton-Princeton, NJ Pharmacists Salary$132,890↓ 1%14 mi
New York-Newark-Jersey City, NY-NJ Pharmacists Salary$137,130↑ 2%39 mi
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Pharmacists Salary$136,520↑ 2%42 mi
Allentown-Bethlehem-Easton, PA-NJ Pharmacists Salary$135,230↑ 1%54 mi
Vineland, NJ Pharmacists Salary$132,030↓ 2%63 mi

Comparing salaries near New Jersey

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Frequently Asked Questions

How much does a Pharmacists make in New Jersey?

The median annual salary for a Pharmacists in New Jersey is $134,360. This typically ranges from $107,860 for entry-level positions to $164,020 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Jersey is 1.3% lower than the national median of $136,140.

Is New Jersey a lucrative place for Pharmacists?

Yes, New Jersey is a lucrative place for Pharmacists.Pharmacists in New Jersey earn an average of $134,360 annually, which is competitive nationally, despite a slightly higher cost of living.

Is New Jersey a good place to live for Pharmacists?

The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Jersey?

Some top paying nearby cities include Trenton-Princeton, NJ ($132,890) and New York-Newark-Jersey City, NY-NJ.

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

The average annual salary for a pharmacist in New Jersey is $134,360, which is slightly lower than the national average of $136,140.

What is the concentration of pharmacists in New Jersey?

New Jersey has a higher concentration of pharmacists than the national average, indicated by a Location Quotient of 1.21.

How does the cost of living affect pharmacist salaries in New Jersey?

New Jersey's cost of living is 12.4% above the national average (112.4 index). This means the $134,360 salary may have less purchasing power than in lower-cost states.

How many pharmacists work in New Jersey?

There are approximately 10,930 pharmacists employed in New Jersey, reflecting a significant presence in the state's healthcare sector.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,930 employees in the New Jersey area with a job density of 2.571 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 New Jersey