Average Pharmacists Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Pharmacists in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area earn an impressive average annual salary of $136,520. This figure slightly surpasses the national average of $136,140, indicating a robust demand and competitive compensation landscape within this region. The localized economic factors and healthcare infrastructure likely contribute to this favorable pay.
Executive Summary
- Average Salary: $136,520 per year.
- Growth Trend: Salaries have shifted 5.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,020.
- Outlook: With a substantial local workforce of 7,070 individuals, the Philadelphia-Camden-Wilmington area demonstrates a significant concentration of pharmacists. The location quotient of 1.16 further suggests that this profession is more prevalent here than the national average, pointing to a healthy and potentially growing job market for these essential healthcare professionals.
Salary Overview
The average Pharmacists in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns+0.3%above the national average.
$65.6
$2,625
$11,377
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in the Philadelphia-Camden-Wilmington area have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in pharmaceutical services, and inflation typically drive upward salary adjustments in this field.
Pharmacists Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for pharmacists in Philadelphia-Camden-Wilmington is strongly tied to experience and specialization. Entry-level positions typically command lower salaries, while senior pharmacists, those with advanced degrees, or specialized certifications can expect to earn significantly more. The percentile gaps in earnings clearly signify the career advancement opportunities available, rewarding expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $102,140 | $49.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $102,390 | $49.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $137,960 | $66.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $170,650 | $82 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $167,020 | $80.3 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$136,520
Gross Pay
Real Wage (Purchasing Power)
$136,520
Adjusted for COL (100)
The average annual salary of $136,520 in Philadelphia-Camden-Wilmington 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 standard, offering a stable financial environment for residents.
Job Market Context
7,070
Total Jobs
2.466
Per 1K Jobs
1.16
Location Quotient
With a location quotient of 1.16, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
A location quotient of 1.16 indicates that pharmacists are 16% more concentrated in the Philadelphia-Camden-Wilmington area compared to the national average. This suggests a slightly higher demand or a more established presence of the profession, making the job market competitive yet offering ample opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Pharmacists Salary | $132,890↓ 3% | 28 mi |
| Vineland, NJ Pharmacists Salary | $132,030↓ 3% | 35 mi |
| Allentown-Bethlehem-Easton, PA-NJ Pharmacists Salary | $135,230↓ 1% | 47 mi |
| Sussex Delaware nonmetropolitan area Pharmacists Salary | $139,400↑ 2% | 47 mi |
| Reading, PA Pharmacists Salary | $139,670↑ 2% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Pharmacists in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $136,520. This typically ranges from $102,140 for entry-level positions to $167,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 0.3% higher than the national median of $136,140.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Pharmacists?
Yes, it is a lucrative place for Pharmacists.Pharmacists in this region earn slightly above the national average salary, and with a cost of living matching the national average, their earnings offer strong purchasing power.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Pharmacists?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($132,890) and Vineland, NJ.
How does the number of local pharmacists compare to the national average?
The Philadelphia-Camden-Wilmington area has 7,070 pharmacists, and a location quotient of 1.16 indicates a higher concentration of this profession compared to the national average.
What is the cost of living for pharmacists in Philadelphia-Camden-Wilmington?
The cost of living in Philadelphia-Camden-Wilmington is exactly at the national average, with an index of 100, making the $136,520 salary quite valuable.
How many jobs per 1,000 workers are available for pharmacists in this area?
There are approximately 2.466 jobs per 1,000 workers for pharmacists in the Philadelphia-Camden-Wilmington region, reflecting a solid presence in the local labor market.
Does experience significantly impact a pharmacist's salary in this region?
Yes, experience is a key driver of salary growth for pharmacists, with senior roles and specialized positions commanding higher compensation than entry-level roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,070 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 2.466 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD