Average Pharmacists Salary in Raleigh-Cary, NC
Pharmacists in the Raleigh-Cary, NC area earn an average annual salary of $133,710. This figure is slightly below the national average of $136,140, indicating a competitive but not exceptionally high compensation landscape. Local market dynamics, including demand and the cost of living, play a significant role in shaping pharmacist remuneration in this region.
Executive Summary
- Average Salary: $133,710 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $165,630.
- Outlook: With a local workforce of 1,470 pharmacists and a Location Quotient of 0.95, the job market in Raleigh-Cary presents a stable environment for these professionals. A Location Quotient just below 1.0 suggests that the concentration of pharmacists is nearly on par with the national average, implying a steady demand that aligns with the overall supply of professionals in the area.
Salary Overview
The average Pharmacists in Raleigh-Cary, NC earns-1.8%below the national average.
$64.3
$2,571
$11,143
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that pharmacist salaries across the nation, including in metropolitan areas like Raleigh-Cary, have experienced consistent growth over the past four years. This trend is typically driven by factors such as increasing healthcare needs, advancements in pharmaceutical services, and inflationary pressures, leading to a gradual upward movement in compensation.
Pharmacists Salary Distribution in Raleigh-Cary, NC
The career trajectory for pharmacists in Raleigh-Cary, as elsewhere, typically involves a salary increase with experience. Entry-level positions will command lower salaries, while senior pharmacists with specialized skills or management responsibilities can expect to earn significantly more. The gap between entry-level and senior-level salaries, often reflected in percentile data, signifies the progression and increased earning potential available through career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $90,700 | $43.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $100,283 | $48.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $139,170 | $66.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $167,138 | $80.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $165,630 | $79.6 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$133,710
Gross Pay
Real Wage (Purchasing Power)
$133,710
Adjusted for COL (100)
The average annual salary of $133,710 for pharmacists in Raleigh-Cary aligns perfectly with the national average cost of living index of 100. This means that the nominal salary holds its purchasing power effectively within the local economy, suggesting that the compensation is well-balanced with the general expenses associated with living in the area.
Job Market Context
1,470
Total Jobs
2.033
Per 1K Jobs
0.95
Location Quotient
Raleigh-Cary, NC has 0.95x 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.
A Location Quotient of 0.95 for pharmacists in Raleigh-Cary indicates that the density of this profession is slightly lower than the national average. This suggests a market that is neither oversaturated nor experiencing a significant shortage, providing a balanced competitive landscape for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Pharmacists Salary | $136,400↑ 2% | 18 mi |
| Rocky Mount, NC Pharmacists Salary | $133,160↓ 0% | 48 mi |
| Goldsboro, NC Pharmacists Salary | $128,650↓ 4% | 49 mi |
| Burlington, NC Pharmacists Salary | $130,620↓ 2% | 49 mi |
| Fayetteville, NC Pharmacists Salary | $135,710↑ 1% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Raleigh-Cary, NC?
The median annual salary for a Pharmacists in Raleigh-Cary, NC is $133,710. This typically ranges from $90,700 for entry-level positions to $165,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 1.8% lower than the national median of $136,140.
Is Raleigh-Cary, NC a lucrative place for Pharmacists?
Yes, it offers a competitive salary aligned with the cost of living.Pharmacists in Raleigh-Cary earn an average of $133,710, which is in line with the national average cost of living. While slightly below the national average salary, the compensation is robust for the local economic conditions.
Is Raleigh-Cary, NC a good place to live for Pharmacists?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($136,400) and Rocky Mount, NC.
How does the Raleigh-Cary pharmacist salary compare to the national average?
The average annual salary for pharmacists in Raleigh-Cary, NC is $133,710, which is marginally lower than the national average of $136,140.
What is the concentration of pharmacists in Raleigh-Cary compared to the rest of the US?
Raleigh-Cary has a Location Quotient of 0.95 for pharmacists, indicating a concentration that is very close to, but slightly below, the national average.
How does the cost of living in Raleigh-Cary affect pharmacist salaries?
With a Cost of Living Index of 100, Raleigh-Cary is at the national average. This means the $133,710 salary offers purchasing power equivalent to the national average, making it a fair compensation relative to local expenses.
What does the number of jobs per 1,000 workers suggest for pharmacists in Raleigh-Cary?
The figure of 2.033 jobs per 1,000 workers indicates a steady presence of pharmacist roles within the local labor market, suggesting consistent employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,470 employees in the Raleigh-Cary, NC area with a job density of 2.033 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 Raleigh-Cary, NC