SalaryNode

Average Pharmacists Salary in Peoria, IL

Pharmacists in Peoria, Illinois, earn an average annual salary of $134,540. This figure is slightly below the national average of $136,140, indicating a competitive but localized market. Factors such as regional demand, the presence of specific healthcare institutions, and the overall economic landscape of Peoria contribute to this compensation level.

Executive Summary

  • Average Salary: $134,540 per year.
  • Growth Trend: Salaries have shifted 1.5% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $163,470.
  • Outlook: Peoria's pharmacist job market appears stable, with a local workforce of 320 professionals. The Location Quotient of 0.9 suggests a concentration of pharmacists that is nearly on par with the national average, indicating a consistent demand for these essential healthcare providers within the region.
2024 Market Data

Salary Overview

$134,540

The average Pharmacists in Peoria, IL earns-1.2%below the national average.

BreakdownBased on 40h/week
Hourly

$64.7

Weekly

$2,587

Monthly

$11,212

Pharmacists Salary Distribution in Peoria, IL

Salary progression for pharmacists in Peoria, IL, is strongly tied to experience. Entry-level positions typically command lower salaries, while senior pharmacists with extensive experience and specialized skills can expect significantly higher compensation. The variance between entry-level and senior roles reflects the increasing responsibility, expertise, and value that experienced professionals bring to healthcare settings.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$100,460$48.3
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$100,905$48.5
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$136,340$65.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$168,175$80.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$163,470$78.6

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$134,540

Gross Pay

Real Wage (Purchasing Power)

$134,540

Adjusted for COL (100)

With an average annual salary of $134,540 and a Cost of Living Index of 100 (matching the national average), pharmacists relocating to Peoria can expect their earnings to align closely with national purchasing power. This means the nominal salary translates directly to the cost of goods and services, offering a stable financial outlook without significant adjustments for living expenses.

Job Market Context

320

Total Jobs

1.918

Per 1K Jobs

0.9

Location Quotient

Below Average

Peoria, IL has 0.90x 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 0.9 for pharmacists in Peoria indicates that the concentration of these professionals is slightly below the national average. This suggests that while the market is not oversaturated, there is a healthy and consistent presence of pharmacists, implying a balanced job market where opportunities exist without extreme competition.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Bloomington, IL Pharmacists Salary$132,690↓ 1%39 mi
West Central Illinois nonmetropolitan area Pharmacists Salary$137,650↑ 2%43 mi
East Central Illinois nonmetropolitan area Pharmacists Salary$139,270↑ 4%43 mi
Northwest Illinois nonmetropolitan area Pharmacists Salary$131,430↓ 2%43 mi
South Illinois nonmetropolitan area Pharmacists Salary$140,340↑ 4%43 mi

Comparing salaries near Peoria, IL

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in Peoria, IL?

The median annual salary for a Pharmacists in Peoria, IL is $134,540. This typically ranges from $100,460 for entry-level positions to $163,470 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Peoria, IL is 1.2% lower than the national median of $136,140.

Is Peoria, IL a lucrative place for Pharmacists?

Yes, Peoria, IL offers a competitive salary for Pharmacists.Pharmacists in Peoria earn $134,540 annually, very close to the national average, and the cost of living is exactly at the national average, making it financially comparable.

Is Peoria, IL a good place to live for Pharmacists?

The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Peoria, IL?

Some top paying nearby cities include Bloomington, IL ($132,690) and West Central Illinois nonmetropolitan area.

How does Peoria's pharmacist salary compare to the national average?

The average annual salary for pharmacists in Peoria, IL is $134,540, which is slightly lower than the national average of $136,140.

What is the concentration of pharmacists in Peoria compared to the rest of the country?

Peoria has a Location Quotient of 0.9 for pharmacists, meaning the concentration is slightly below the national average.

How does the cost of living in Peoria affect pharmacist salaries?

Peoria's Cost of Living Index is 100, which is the national average. This means the $134,540 salary has purchasing power equivalent to the national average.

What is the size of the pharmacist workforce in Peoria?

There are approximately 320 pharmacists employed in the Peoria, IL area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Peoria, IL area with a job density of 1.918 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 Peoria, IL