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Average Pharmacists Salary in North Central Tennessee nonmetropolitan area

Pharmacists in the North Central Tennessee nonmetropolitan area earn an average annual salary of $123,840. This figure is notably below the national average of $136,140, suggesting that while demand exists, it may not command the same premium as in more densely populated or specialized regions. Local economic factors and the specific healthcare landscape likely influence this compensation structure.

Executive Summary

  • Average Salary: $123,840 per year.
  • Growth Trend: Salaries have shifted 1.3% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $162,050.
  • Outlook: With a total local workforce of 280 pharmacists and a Location Quotient of 1.15, the job market in North Central Tennessee indicates a slightly higher concentration of these professionals than the national average. This suggests a stable, albeit not rapidly expanding, demand for pharmacists in the region, providing a solid foundation for employment opportunities.
2024 Market Data

Salary Overview

$123,840

The average Pharmacists in North Central Tennessee nonmetropolitan area earns-9.0%below the national average.

BreakdownBased on 40h/week
Hourly

$59.5

Weekly

$2,382

Monthly

$10,320

Pharmacists Salary Distribution in North Central Tennessee nonmetropolitan area

The salary progression for pharmacists in North Central Tennessee, as in most regions, is strongly tied to experience. Entry-level positions will naturally command lower salaries, while senior pharmacists with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary data clearly signify this career progression, rewarding accumulated expertise and responsibility.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$77,780$37.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$92,880$44.7
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$127,660$61.4
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$154,800$74.4
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$162,050$77.9

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$123,840

Gross Pay

Real Wage (Purchasing Power)

$123,840

Adjusted for COL (100)

The average annual salary of $123,840 in North Central Tennessee aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a pharmacist's income in this region is equivalent to that of a pharmacist earning the national average salary in a national average cost-of-living area, offering good financial stability.

Job Market Context

280

Total Jobs

2.456

Per 1K Jobs

1.15

Location Quotient

Above Average

With a location quotient of 1.15, North Central Tennessee nonmetropolitan area has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

A Location Quotient of 1.15 signifies that pharmacists are 15% more concentrated in North Central Tennessee than the national average. This indicates a healthy presence of these professionals, suggesting a competitive yet accessible job market where employers are accustomed to sourcing and retaining pharmacy talent.

Nearby Job Markets

Nearby Cities for Pharmacists

Comparing salaries near North Central Tennessee nonmetropolitan area

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in North Central Tennessee nonmetropolitan area?

The median annual salary for a Pharmacists in North Central Tennessee nonmetropolitan area is $123,840. This typically ranges from $77,780 for entry-level positions to $162,050 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in North Central Tennessee nonmetropolitan area is 9.0% lower than the national median of $136,140.

Is North Central Tennessee nonmetropolitan area a lucrative place for Pharmacists?

Yes, with caveats.Pharmacists earn a competitive average salary of $123,840, which holds strong purchasing power due to a cost of living matching the national average. However, this salary is below the national average for the profession.

Is North Central Tennessee nonmetropolitan area a good place to live for Pharmacists?

The Cost of Living Index in North Central Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near North Central Tennessee nonmetropolitan area?

Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($127,320) and Clarksville, TN-KY.

How does the pharmacist salary in North Central TN compare to the national average?

The average annual salary for pharmacists in North Central Tennessee is $123,840, which is approximately $12,300 less than the national average of $136,140.

What is the cost of living like for pharmacists in North Central TN?

The cost of living in North Central Tennessee is exactly at the national average (index of 100), meaning your salary of $123,840 will have the same purchasing power as it would in a typical US location.

Is there high demand for pharmacists in North Central TN?

With a Location Quotient of 1.15, there is a slightly higher concentration of pharmacists than the national average, indicating a stable and consistent demand for the profession in the region.

How many pharmacists are there in North Central TN?

The total local workforce for pharmacists in the North Central Tennessee nonmetropolitan area consists of approximately 280 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the North Central Tennessee nonmetropolitan area area with a job density of 2.456 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.