Average Pharmacists Salary in Richmond, VA
Pharmacists in Richmond, VA, command an impressive average annual salary of $136,790, slightly surpassing the national average of $136,140. This strong compensation reflects the specialized skills and critical role pharmacists play within the healthcare ecosystem of the Richmond metropolitan area. Local demand and the specific healthcare needs of the region contribute to this competitive pay.
Executive Summary
- Average Salary: $136,790 per year.
- Growth Trend: Salaries have shifted 9.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,580.
- Outlook: With a local workforce of 1,360 pharmacists and a Location Quotient of 0.98, Richmond presents a stable yet slightly below-national-average concentration of these professionals. The rate of 2.091 jobs per 1,000 workers indicates a consistent presence and demand for pharmacists, suggesting a robust job market that can support current employment levels and offer steady opportunities for skilled individuals.
Salary Overview
The average Pharmacists in Richmond, VA earns+0.5%above the national average.
$65.8
$2,631
$11,399
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Richmond, VA, have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, advancements in pharmaceutical services, and inflation likely contribute to an upward trajectory in compensation for these vital healthcare professionals.
Pharmacists Salary Distribution in Richmond, VA
The career path for pharmacists in Richmond, VA, typically shows a significant salary progression from entry-level to senior positions. While specific percentile data isn't available, the substantial difference between starting salaries and those earned by highly experienced pharmacists signifies ample opportunity for career advancement and increased earning potential. This salary scaling reflects the accumulation of expertise, responsibility, and specialized knowledge.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $99,770 | $48 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $102,593 | $49.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $138,310 | $66.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $170,988 | $82.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $161,580 | $77.7 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$136,790
Gross Pay
Real Wage (Purchasing Power)
$136,790
Adjusted for COL (100)
For pharmacists considering a move to Richmond, VA, the average annual salary of $136,790 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of a pharmacist's salary in Richmond is equivalent to the national average, offering a stable financial outlook without the immediate pressure of higher or lower living expenses.
Job Market Context
1,360
Total Jobs
2.091
Per 1K Jobs
0.98
Location Quotient
Richmond, VA has 0.98x 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.
Richmond's Location Quotient of 0.98 suggests that the concentration of pharmacists is very close to the national average. This indicates a balanced job market where demand and supply are relatively aligned. While not a significantly over-represented profession, the steady job creation rate implies a healthy and competitive environment for pharmacists seeking employment or career growth.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Southside Virginia nonmetropolitan area Pharmacists Salary | $134,330↓ 2% | 41 mi |
| Northern West Virginia nonmetropolitan area Pharmacists Salary | $128,970↓ 6% | 41 mi |
| Southwest Virginia nonmetropolitan area Pharmacists Salary | $135,300↓ 1% | 41 mi |
| Northwest Virginia nonmetropolitan area Pharmacists Salary | $128,860↓ 6% | 41 mi |
| Southern West Virginia nonmetropolitan area Pharmacists Salary | $131,320↓ 4% | 41 mi |
Comparing salaries near Richmond, VA
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Richmond, VA?
The median annual salary for a Pharmacists in Richmond, VA is $136,790. This typically ranges from $99,770 for entry-level positions to $161,580 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 0.5% higher than the national median of $136,140.
Is Richmond, VA a lucrative place for Pharmacists?
Yes, Richmond, VA offers lucrative opportunities for Pharmacists.Pharmacists in Richmond earn slightly above the national average salary, and the cost of living is precisely at the national average, making it a financially stable location.
Is Richmond, VA a good place to live for Pharmacists?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($134,330) and Northern West Virginia nonmetropolitan area.
How does the Richmond pharmacist salary compare to the national average?
The average annual salary for pharmacists in Richmond, VA, is $136,790, which is slightly higher than the national average of $136,140.
What is the cost of living in Richmond, VA for pharmacists?
The Cost of Living Index in Richmond, VA is 100, which is exactly the national average, indicating that the cost of goods and services is comparable to the rest of the country.
How concentrated is the pharmacist job market in Richmond, VA?
Richmond has a Location Quotient of 0.98 for pharmacists, meaning the concentration of these professionals is very close to the national average, indicating a balanced market.
How many pharmacists are employed in Richmond, VA?
There are approximately 1,360 pharmacists employed in the Richmond, VA area, with about 2.091 jobs per 1,000 workers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,360 employees in the Richmond, VA area with a job density of 2.091 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 Richmond, VA