Average Pharmacists Salary in Rhode Island
Pharmacists in Rhode Island earn an average annual salary of $120,170, which is notably below the national average of $136,140. This disparity can be attributed to a combination of factors including the specific demand within the state, the overall economic landscape, and the concentration of pharmacy roles relative to the general workforce.
Executive Summary
- Average Salary: $120,170 per year.
- Growth Trend: Salaries have shifted 4.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,990.
- Outlook: Rhode Island supports a dedicated workforce of 1,290 Pharmacists. With a Location Quotient of 1.23, the state shows a concentration of these professionals that is 23% higher than the national average, indicating a robust and potentially growing demand for their specialized skills within the local healthcare ecosystem.
Salary Overview
The average Pharmacists in Rhode Island earns-11.7%below the national average.
$57.8
$2,311
$10,014
Pharmacists Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Pharmacists in Rhode Island have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, advancements in pharmaceutical services, and ongoing demand for skilled professionals likely contribute to a positive salary trajectory.
Pharmacists Salary Distribution in Rhode Island
Salary progression for Pharmacists in Rhode Island typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain years of practice, develop specialized skills, and take on more responsibilities, their earning potential increases substantially, moving them into higher salary percentiles and signifying clear career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $48,150 | $23.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $90,128 | $43.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $128,010 | $61.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $150,213 | $72.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $155,990 | $75 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$120,170
Gross Pay
Real Wage (Purchasing Power)
$107,295
Adjusted for COL (112)
The average annual salary of $120,170 in Rhode Island needs to be considered alongside its Cost of Living Index of 112. This index is 12% higher than the national average, meaning that while the nominal salary is below the national average, the purchasing power of that salary is impacted by the higher cost of goods and services in the state.
Job Market Context
1,290
Total Jobs
2.614
Per 1K Jobs
1.23
Location Quotient
With a location quotient of 1.23, Rhode Island has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
Rhode Island's Location Quotient of 1.23 suggests a favorable job market for Pharmacists, as the concentration of these professionals is higher than the national average. This indicates a potentially stronger demand relative to the general labor pool, which could translate into more job opportunities and competitive compensation within the state.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Providence-Warwick, RI-MA Pharmacists Salary | $121,900↑ 1% | 11 mi |
| Norwich-New London-Willimantic, CT Pharmacists Salary | $130,160↑ 8% | 31 mi |
| Massachusetts nonmetropolitan area Pharmacists Salary | $132,750↑ 10% | 38 mi |
| Worcester, MA Pharmacists Salary | $125,470↑ 4% | 43 mi |
| Boston-Cambridge-Newton, MA-NH Pharmacists Salary | $136,720↑ 14% | 49 mi |
Comparing salaries near Rhode Island
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Frequently Asked Questions
How much does a Pharmacists make in Rhode Island?
The median annual salary for a Pharmacists in Rhode Island is $120,170. This typically ranges from $48,150 for entry-level positions to $155,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rhode Island is 11.7% lower than the national median of $136,140.
Is Rhode Island a lucrative place for Pharmacists?
Yes, with caveats.While the average salary of $120,170 is below the national average, the higher concentration of pharmacists (LQ 1.23) suggests strong local demand. However, the cost of living is also higher, impacting real income.
Is Rhode Island a good place to live for Pharmacists?
The Cost of Living Index in Rhode Island is 112. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rhode Island?
Some top paying nearby cities include Providence-Warwick, RI-MA ($121,900) and Norwich-New London-Willimantic, CT.
How does Rhode Island's pharmacist salary compare to the national average?
Pharmacists in Rhode Island earn an average of $120,170 annually, which is $16,000 less than the national average of $136,140.
What is the cost of living in Rhode Island compared to the rest of the US?
Rhode Island has a Cost of Living Index of 112, meaning it is 12% more expensive to live there than the national average.
How many pharmacists are employed in Rhode Island?
There are approximately 1,290 Pharmacists employed in Rhode Island, representing 2.614 jobs per 1,000 workers.
Is the demand for pharmacists high in Rhode Island?
With a Location Quotient of 1.23, Rhode Island shows a higher concentration of pharmacists than the national average, suggesting a robust demand for these professionals within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,290 employees in the Rhode Island area with a job density of 2.614 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 Rhode Island