Average Pharmacists Salary in Olympia-Lacey-Tumwater, WA
Pharmacists in the Olympia-Lacey-Tumwater, WA area command an impressive average annual salary of $144,670, surpassing the national average of $136,140. This elevated compensation reflects the specific economic dynamics and demand within this particular Washington region, which influences local pay scales for specialized healthcare professionals.
Executive Summary
- Average Salary: $144,670 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $175,530.
- Outlook: The local job market for pharmacists in Olympia-Lacey-Tumwater appears stable, with a total workforce of 240 professionals. The Location Quotient of 0.89 suggests a concentration slightly below the national average, indicating a balanced but not oversaturated market, which generally supports consistent employment opportunities.
Salary Overview
The average Pharmacists in Olympia-Lacey-Tumwater, WA earns+6.3%above the national average.
$69.6
$2,782
$12,056
Pharmacists Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that pharmacist salaries in Olympia-Lacey-Tumwater have experienced steady growth over the past four years, mirroring national trends of increasing healthcare compensation. This upward trajectory is typically driven by factors such as inflation, evolving healthcare demands, and the increasing complexity of pharmaceutical services.
Pharmacists Salary Distribution in Olympia-Lacey-Tumwater, WA
Salary progression for pharmacists in Olympia-Lacey-Tumwater is strongly tied to experience. Entry-level positions will naturally command lower salaries, while senior pharmacists with specialized skills or supervisory roles can expect to earn significantly more. The widening gap between entry-level and senior-level salaries, often seen across different pay percentiles, signifies clear career advancement opportunities and increased earning potential with tenure and expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $112,930 | $54.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $108,503 | $52.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $150,750 | $72.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $180,838 | $86.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $175,530 | $84.4 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$144,670
Gross Pay
Real Wage (Purchasing Power)
$144,670
Adjusted for COL (100)
With an average annual salary of $144,670 and a Cost of Living Index of 100 (matching the national average), pharmacists relocating to Olympia-Lacey-Tumwater can expect their nominal earnings to translate directly into purchasing power. This means the local salary offers a standard of living comparable to the national benchmark, without the added financial strain of a significantly higher cost of living.
Job Market Context
240
Total Jobs
1.895
Per 1K Jobs
0.89
Location Quotient
Olympia-Lacey-Tumwater, WA has 0.89x the national average concentration of Pharmacists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient of 0.89 for pharmacists in Olympia-Lacey-Tumwater indicates that the profession is slightly less concentrated here compared to the national average. This suggests that while there is a solid presence of pharmacists, the market is not saturated, potentially offering a competitive environment for skilled professionals seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Bremerton-Silverdale-Port Orchard, WA Pharmacists Salary | $148,410↑ 3% | 36 mi |
| Seattle-Tacoma-Bellevue, WA Pharmacists Salary | $160,750↑ 11% | 47 mi |
| Longview-Kelso, WA Pharmacists Salary | $154,910↑ 7% | 62 mi |
| Western Washington nonmetropolitan area Pharmacists Salary | $149,820↑ 4% | 70 mi |
| Eastern Washington nonmetropolitan area Pharmacists Salary | $147,040↑ 2% | 70 mi |
Comparing salaries near Olympia-Lacey-Tumwater, WA
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Frequently Asked Questions
How much does a Pharmacists make in Olympia-Lacey-Tumwater, WA?
The median annual salary for a Pharmacists in Olympia-Lacey-Tumwater, WA is $144,670. This typically ranges from $112,930 for entry-level positions to $175,530 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Olympia-Lacey-Tumwater, WA is 6.3% higher than the national median of $136,140.
Is Olympia-Lacey-Tumwater, WA a lucrative place for Pharmacists?
Yes, it is a lucrative place for Pharmacists.Pharmacists in this area earn an average of $144,670 annually, which is higher than the national average. Furthermore, the cost of living is on par with the national average, meaning higher salaries translate to strong purchasing power.
Is Olympia-Lacey-Tumwater, WA a good place to live for Pharmacists?
The Cost of Living Index in Olympia-Lacey-Tumwater, WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Olympia-Lacey-Tumwater, WA?
Some top paying nearby cities include Bremerton-Silverdale-Port Orchard, WA ($148,410) and Seattle-Tacoma-Bellevue, WA.
How does the Olympia-Lacey-Tumwater pharmacist salary compare to the national average?
The average annual salary for pharmacists in Olympia-Lacey-Tumwater is $144,670, which is $8,530 higher than the national average of $136,140.
What is the concentration of pharmacists in Olympia-Lacey-Tumwater compared to the rest of the country?
The Location Quotient of 0.89 indicates that pharmacists are slightly less concentrated in Olympia-Lacey-Tumwater than the national average, suggesting a balanced job market.
Does the cost of living in Olympia-Lacey-Tumwater affect pharmacist salaries?
No, the cost of living in Olympia-Lacey-Tumwater is exactly at the national average (100), meaning the higher local salary of $144,670 offers standard national purchasing power.
How many pharmacists are employed in the Olympia-Lacey-Tumwater area?
There are approximately 240 pharmacists employed within the Olympia-Lacey-Tumwater, WA workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Olympia-Lacey-Tumwater, WA area with a job density of 1.895 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 Olympia-Lacey-Tumwater, WA