Average Pharmacists Salary in Northwest Minnesota nonmetropolitan area
Pharmacists in the Northwest Minnesota nonmetropolitan area command an impressive average annual salary of $144,210, significantly exceeding the national average of $136,140. This elevated compensation is likely driven by the region's specific healthcare needs and potentially a more concentrated demand for specialized pharmaceutical services in a non-urban setting.
Executive Summary
- Average Salary: $144,210 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,750.
- Outlook: With a local workforce of 440 pharmacists and a Location Quotient of 1.06, Northwest Minnesota demonstrates a healthy, slightly above-average concentration of these professionals. This suggests a stable and potentially growing demand for pharmacists in the area, indicating a robust job market that is neither oversaturated nor critically underserved.
Salary Overview
The average Pharmacists in Northwest Minnesota nonmetropolitan area earns+5.9%above the national average.
$69.3
$2,773
$12,018
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Northwest Minnesota have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, evolving pharmaceutical practices, and inflation likely contribute to a positive salary trajectory for professionals in this region.
Pharmacists Salary Distribution in Northwest Minnesota nonmetropolitan area
The career path for pharmacists in Northwest Minnesota offers significant earning potential, with salaries scaling considerably from entry-level to senior positions. While specific percentile data isn't available, the typical progression sees substantial increases at mid-career and senior levels, with experienced pharmacists earning well above the average, reflecting acquired expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $126,460 | $60.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $108,158 | $52 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $146,680 | $70.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $180,263 | $86.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $167,750 | $80.6 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$144,210
Gross Pay
Real Wage (Purchasing Power)
$144,210
Adjusted for COL (100)
The average annual salary of $144,210 in Northwest Minnesota aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a pharmacist's salary in this region is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
440
Total Jobs
2.268
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Northwest Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
A Location Quotient of 1.06 indicates that pharmacists are slightly more concentrated in Northwest Minnesota compared to the national average. This suggests a healthy, competitive market where demand is consistent with supply, potentially offering good opportunities for skilled professionals without extreme competition.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Pharmacists Salary | $146,540↑ 2% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Pharmacists Salary | $148,770↑ 3% | 58 mi |
Comparing salaries near Northwest Minnesota nonmetropolitan area
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Frequently Asked Questions
How much does a Pharmacists make in Northwest Minnesota nonmetropolitan area?
The median annual salary for a Pharmacists in Northwest Minnesota nonmetropolitan area is $144,210. This typically ranges from $126,460 for entry-level positions to $167,750 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Minnesota nonmetropolitan area is 5.9% higher than the national median of $136,140.
Is Northwest Minnesota nonmetropolitan area a lucrative place for Pharmacists?
Yes, it is a lucrative area for pharmacists.Pharmacists in this region earn an average of $144,210 annually, which is higher than the national average, and the cost of living is on par with the national average.
Is Northwest Minnesota nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in Northwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($146,540) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the pharmacist salary compare to the national average?
The average annual salary for pharmacists in Northwest Minnesota is $144,210, which is notably higher than the national average of $136,140.
What is the cost of living like for pharmacists in this region?
The cost of living in Northwest Minnesota is exactly at the national average, indicated by an index of 100, meaning your salary has equivalent purchasing power.
How concentrated is the pharmacist job market in Northwest Minnesota?
The job market is slightly more concentrated than the national average, with a Location Quotient of 1.06, suggesting a stable demand for pharmacists.
What is the total number of pharmacists employed in Northwest Minnesota?
There are approximately 440 pharmacists employed in the Northwest Minnesota nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Northwest Minnesota nonmetropolitan area area with a job density of 2.268 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Northwest Minnesota nonmetropolitan area