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Average Pharmacists Salary in New York

Pharmacists in New York earn an average annual salary of $136,020, a figure remarkably close to the national average of $136,140. While the nominal pay is nearly identical, the unique economic landscape and demand within New York State often necessitate competitive compensation to attract and retain skilled professionals in this vital healthcare role.

Executive Summary

  • Average Salary: $136,020 per year.
  • Growth Trend: Salaries have shifted 12.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $168,470.
  • Outlook: With a substantial local workforce of 21,330 pharmacists and a Location Quotient of 1.05, New York demonstrates a healthy and slightly above-average concentration of these professionals. This indicates a robust job market where demand is consistently met, suggesting stability and ongoing opportunities for skilled pharmacists within the state.
2024 Market Data

Salary Overview

$136,020

The average Pharmacists in New York earns-0.1%below the national average.

BreakdownBased on 40h/week
Hourly

$65.4

Weekly

$2,616

Monthly

$11,335

Pharmacists Salary Distribution in New York

The career path for pharmacists in New York offers significant earning potential that scales with experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills or supervisory roles can expect to earn considerably more. The widening salary gap between junior and senior pharmacists reflects the value placed on accumulated knowledge, leadership capabilities, and proven expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$94,250$45.3
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$102,015$49
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$136,350$65.6
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$170,025$81.7
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$168,470$81

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$136,020

Gross Pay

Real Wage (Purchasing Power)

$108,729

Adjusted for COL (125.1)

While the average pharmacist salary in New York stands at $136,020, the state's Cost of Living Index of 125.1 presents a nuanced picture. This means that the nominal salary, though substantial, needs to be considered in the context of higher everyday expenses, suggesting that the purchasing power of this salary may be slightly diminished compared to areas with a lower cost of living.

Job Market Context

21,330

Total Jobs

2.236

Per 1K Jobs

1.05

Location Quotient

Above Average

With a location quotient of 1.05, New York has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

New York's Location Quotient of 1.05 signifies a slightly higher concentration of pharmacists relative to the national average. This suggests that while the market is not oversaturated, there is a healthy presence of these professionals, indicating a competitive yet stable environment for both employers seeking talent and pharmacists looking for employment.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Binghamton, NY Pharmacists Salary$126,150↓ 7%49 mi
Kingston, NY Pharmacists Salary$130,460↓ 4%51 mi
Scranton--Wilkes-Barre, PA Pharmacists Salary$131,490↓ 3%64 mi
Utica-Rome, NY Pharmacists Salary$124,500↓ 8%66 mi
Albany-Schenectady-Troy, NY Pharmacists Salary$130,170↓ 4%68 mi

Comparing salaries near New York

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in New York?

The median annual salary for a Pharmacists in New York is $136,020. This typically ranges from $94,250 for entry-level positions to $168,470 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York is 0.1% lower than the national median of $136,140.

Is New York a lucrative place for Pharmacists?

Yes, with considerations.New York offers a high average salary for pharmacists, nearly matching the national average. However, the elevated cost of living requires careful financial planning to maximize earning potential.

Is New York a good place to live for Pharmacists?

The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York?

Some top paying nearby cities include Binghamton, NY ($126,150) and Kingston, NY.

How does the New York pharmacist salary compare to the national average?

The average annual salary for pharmacists in New York is $136,020, which is very close to the national average of $136,140, indicating comparable compensation levels.

What is the concentration of pharmacists in New York?

New York has a Location Quotient of 1.05 for pharmacists, meaning there is a slightly higher concentration of these professionals compared to the national average.

How does the cost of living affect a pharmacist's salary in New York?

With a Cost of Living Index of 125.1, New York is significantly more expensive than the national average. This means that while the nominal salary is high, the actual purchasing power may be less than in lower-cost areas.

What does the job market look like for pharmacists in New York?

The job market appears stable and robust, with a substantial workforce of over 21,000 pharmacists and a slightly above-average concentration, suggesting consistent demand for their services.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 21,330 employees in the New York area with a job density of 2.236 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 York