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Average Pharmacists Salary in Sioux Falls, SD-MN

Pharmacists in Sioux Falls, SD-MN earn an impressive average annual salary of $138,100, surpassing the national average of $136,140. This elevated compensation reflects the specialized skills and critical role pharmacists play within the local healthcare ecosystem, often influenced by regional demand and the specific needs of the healthcare providers in the area.

Executive Summary

  • Average Salary: $138,100 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $167,440.
  • Outlook: The Sioux Falls, SD-MN market for pharmacists presents a robust employment landscape. With a total local workforce of 710 and a Location Quotient of 1.91, indicating nearly double the national concentration, demand for pharmacists appears strong and sustained. This suggests a healthy job market with ongoing opportunities for skilled professionals.
2024 Market Data

Salary Overview

$138,100

The average Pharmacists in Sioux Falls, SD-MN earns+1.4%above the national average.

BreakdownBased on 40h/week
Hourly

$66.4

Weekly

$2,656

Monthly

$11,508

Pharmacists Salary Distribution in Sioux Falls, SD-MN

Career progression for pharmacists in Sioux Falls, SD-MN typically involves significant salary increases with experience. Entry-level positions may start at a lower percentile, but as pharmacists gain expertise, specialize, and move into senior or management roles, their earning potential expands considerably. The salary distribution, with higher percentiles representing seasoned professionals, clearly signifies a rewarding career path.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$110,200$53
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$103,575$49.8
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$143,000$68.8
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$172,625$83
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$167,440$80.5

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$138,100

Gross Pay

Real Wage (Purchasing Power)

$138,100

Adjusted for COL (100)

The nominal average salary of $138,100 in Sioux Falls, SD-MN is particularly attractive when considered against the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a pharmacist's salary in Sioux Falls is equivalent to the national average, allowing for a comfortable standard of living without the premium often associated with higher-paying metropolitan areas.

Job Market Context

710

Total Jobs

4.071

Per 1K Jobs

1.91

Location Quotient

Major Hub

Sioux Falls, SD-MN has 1.9x the national concentration of Pharmacists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 1.91 for pharmacists in Sioux Falls, SD-MN signifies a market that is significantly more concentrated than the national average. This suggests that Sioux Falls has a higher proportion of pharmacists relative to its overall workforce compared to the rest of the country, indicating a strong demand and a potentially competitive, yet abundant, job market for these professionals.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Sioux City, IA-NE-SD Pharmacists Salary$132,350↓ 4%74 mi

Comparing salaries near Sioux Falls, SD-MN

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in Sioux Falls, SD-MN?

The median annual salary for a Pharmacists in Sioux Falls, SD-MN is $138,100. This typically ranges from $110,200 for entry-level positions to $167,440 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Sioux Falls, SD-MN is 1.4% higher than the national median of $136,140.

Is Sioux Falls, SD-MN a lucrative place for Pharmacists?

Yes, Sioux Falls, SD-MN is a lucrative location for Pharmacists.Pharmacists in Sioux Falls earn above the national average salary, and with a cost of living at the national average, their earnings provide excellent purchasing power.

Is Sioux Falls, SD-MN a good place to live for Pharmacists?

The Cost of Living Index in Sioux Falls, SD-MN is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Sioux Falls, SD-MN?

Some top paying nearby cities include Sioux City, IA-NE-SD ($132,350) and others.

How does the Sioux Falls pharmacist salary compare to the national average?

Pharmacists in Sioux Falls, SD-MN earn an average of $138,100 annually, which is higher than the national average of $136,140.

What is the concentration of pharmacists in Sioux Falls, SD-MN?

The concentration of pharmacists in Sioux Falls, SD-MN, measured by the Location Quotient, is 1.91, indicating they are nearly twice as prevalent as the national average.

How does the cost of living in Sioux Falls affect a pharmacist's salary?

The cost of living in Sioux Falls is at the national average (100), meaning the $138,100 salary offers purchasing power equivalent to the national average, making it a financially sound location.

What does the job market outlook suggest for pharmacists in Sioux Falls?

With a strong Location Quotient and a local workforce of 710, the job market outlook for pharmacists in Sioux Falls is robust, suggesting good demand and opportunities.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 710 employees in the Sioux Falls, SD-MN area with a job density of 4.071 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Pharmacists • Data source: BLS OEWS 2024 •Jobs in Sioux Falls, SD-MN