Average Pharmacists Salary in Providence-Warwick, RI-MA
Pharmacists in the Providence-Warwick, RI-MA area earn an average annual salary of $121,900. This figure is notably below the national average of $136,140, suggesting that local market dynamics and potentially regional demand influence compensation. While the salary is substantial, understanding its relation to the local economic landscape is key.
Executive Summary
- Average Salary: $121,900 per year.
- Growth Trend: Salaries have shifted 6.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,110.
- Outlook: The Providence-Warwick area supports a pharmacist workforce of 1,740 individuals, with 2.46 jobs per 1,000 workers. A Location Quotient of 1.15 indicates a slightly higher concentration of pharmacists compared to the national average, suggesting a stable, albeit not booming, demand for these professionals in the region.
Salary Overview
The average Pharmacists in Providence-Warwick, RI-MA earns-10.5%below the national average.
$58.6
$2,344
$10,158
Pharmacists Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that pharmacist salaries in Providence-Warwick have experienced gradual growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in pharmaceutical services, and inflation likely contribute to a steady upward trajectory in compensation for experienced professionals.
Pharmacists Salary Distribution in Providence-Warwick, RI-MA
The salary range for pharmacists in Providence-Warwick typically widens significantly with experience. Entry-level positions may start at a lower percentile, while senior pharmacists, those with specialized skills, or those in supervisory roles can command salaries well into the higher percentiles. This progression reflects the increasing value and responsibility associated with advanced expertise and tenure in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $64,940 | $31.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $91,425 | $44 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $128,420 | $61.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $152,375 | $73.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $155,110 | $74.6 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$121,900
Gross Pay
Real Wage (Purchasing Power)
$121,900
Adjusted for COL (100)
With an average annual salary of $121,900 and a Cost of Living Index of 100 (matching the national average), the purchasing power of a pharmacist's income in Providence-Warwick is directly comparable to the national standard. This means that the nominal salary translates effectively into real terms, without the added financial pressure or benefit often associated with significantly higher or lower cost-of-living areas.
Job Market Context
1,740
Total Jobs
2.46
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Providence-Warwick, RI-MA has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
The Location Quotient of 1.15 for pharmacists in Providence-Warwick signifies a slightly higher concentration of these professionals than the national average. This suggests that while the market is not oversaturated, there is a healthy presence of pharmacists, indicating a competitive yet accessible job market for qualified individuals seeking opportunities in the region.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Massachusetts nonmetropolitan area Pharmacists Salary | $132,750↑ 9% | 29 mi |
| Worcester, MA Pharmacists Salary | $125,470↑ 3% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Pharmacists Salary | $136,720↑ 12% | 38 mi |
| Norwich-New London-Willimantic, CT Pharmacists Salary | $130,160↑ 7% | 39 mi |
| Barnstable Town, MA Pharmacists Salary | $133,690↑ 10% | 58 mi |
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Pharmacists make in Providence-Warwick, RI-MA?
The median annual salary for a Pharmacists in Providence-Warwick, RI-MA is $121,900. This typically ranges from $64,940 for entry-level positions to $155,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 10.5% lower than the national median of $136,140.
Is Providence-Warwick, RI-MA a lucrative place for Pharmacists?
Yes, with caveats.The average salary of $121,900 is substantial, and with a national average cost of living, it offers good purchasing power. However, it falls below the national average salary for the profession.
Is Providence-Warwick, RI-MA a good place to live for Pharmacists?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($132,750) and Worcester, MA.
How does the Providence pharmacist salary compare to the national average?
The average annual salary for pharmacists in Providence-Warwick is $121,900, which is $14,240 less than the national average of $136,140.
What is the cost of living in Providence-Warwick compared to the rest of the US?
The Cost of Living Index for Providence-Warwick is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the country.
Is there high demand for pharmacists in Providence-Warwick?
With 2.46 jobs per 1,000 workers and a Location Quotient of 1.15, the demand is slightly above the national average, indicating a stable job market for pharmacists.
How many pharmacists work in the Providence-Warwick area?
The Providence-Warwick, RI-MA metropolitan area employs approximately 1,740 pharmacists.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,740 employees in the Providence-Warwick, RI-MA area with a job density of 2.46 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 Providence-Warwick, RI-MA