Average Pharmacists Salary in Palm Bay-Melbourne-Titusville, FL
Pharmacists in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $136,010, a figure that closely mirrors the national average of $136,140. This slight parity suggests that while the demand for pharmacists is robust, local economic factors and the cost of living are in equilibrium with national trends, influencing compensation levels.
Executive Summary
- Average Salary: $136,010 per year.
- Growth Trend: Salaries have shifted 6.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $198,080.
- Outlook: The job market for pharmacists in Palm Bay-Melbourne-Titusville, FL, appears stable and moderately concentrated. With a local workforce of 570 professionals and a Location Quotient of 1.11, indicating a slightly higher concentration than the national average, there is a steady demand for these essential healthcare providers within the region.
Salary Overview
The average Pharmacists in Palm Bay-Melbourne-Titusville, FL earns-0.1%below the national average.
$65.4
$2,616
$11,334
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Palm Bay-Melbourne-Titusville, FL, have experienced consistent growth over the past four years, aligning with national trends of increasing healthcare compensation. This growth is typically driven by factors such as inflation, evolving healthcare needs, and the increasing complexity of pharmaceutical services.
Pharmacists Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Pharmacist salaries in Palm Bay-Melbourne-Titusville, FL, naturally scale with experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with specialized skills and extensive experience command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career progression pathways and the increasing value placed on expertise within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $68,660 | $33 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $102,008 | $49 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $139,910 | $67.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $170,013 | $81.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $198,080 | $95.2 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$136,010
Gross Pay
Real Wage (Purchasing Power)
$136,010
Adjusted for COL (100)
The nominal average annual salary of $136,010 for pharmacists in Palm Bay-Melbourne-Titusville, FL, holds significant purchasing power, as the local Cost of Living Index is exactly at the national average of 100. This means that the salary earned by pharmacists in this region can afford a lifestyle comparable to the national standard, without the added financial strain of a higher cost of living.
Job Market Context
570
Total Jobs
2.362
Per 1K Jobs
1.11
Location Quotient
With a location quotient of 1.11, Palm Bay-Melbourne-Titusville, FL has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
With a Location Quotient of 1.11, the Palm Bay-Melbourne-Titusville, FL, metropolitan area exhibits a slightly higher concentration of pharmacists compared to the national average. This suggests a competitive yet accessible job market, where demand is present and potentially growing, offering opportunities for both new entrants and experienced professionals.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Sebastian-Vero Beach-West Vero Corridor, FL Pharmacists Salary | $128,560↓ 5% | 17 mi |
| Port St. Lucie, FL Pharmacists Salary | $124,180↓ 9% | 50 mi |
| Sebring, FL Pharmacists Salary | $128,660↓ 5% | 59 mi |
| Orlando-Kissimmee-Sanford, FL Pharmacists Salary | $133,930↓ 2% | 59 mi |
| North Florida nonmetropolitan area Pharmacists Salary | $126,340↓ 7% | 64 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Pharmacists in Palm Bay-Melbourne-Titusville, FL is $136,010. This typically ranges from $68,660 for entry-level positions to $198,080 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 0.1% lower than the national median of $136,140.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Pharmacists?
Yes, it is a competitive place for Pharmacists.Pharmacists in this area earn an average salary very close to the national average, with a cost of living that matches the national index, ensuring strong purchasing power.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Pharmacists?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($128,560) and Port St. Lucie, FL.
What is the average salary for a Pharmacist in Palm Bay-Melbourne-Titusville, FL?
The average annual salary for a Pharmacist in Palm Bay-Melbourne-Titusville, FL is $136,010.
How does the salary compare to the national average?
The average salary in Palm Bay-Melbourne-Titusville, FL ($136,010) is nearly identical to the national average ($136,140).
What is the Cost of Living in Palm Bay-Melbourne-Titusville, FL?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100, which is the national average.
How concentrated are Pharmacists in this area compared to the nation?
The concentration of Pharmacists, indicated by a Location Quotient of 1.11, is slightly higher than the national average, suggesting a robust local presence.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 2.362 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 Palm Bay-Melbourne-Titusville, FL