Average Pharmacists Salary in South Central Kentucky nonmetropolitan area
Pharmacists in the South Central Kentucky nonmetropolitan area earn an impressive average annual salary of $123,070. This figure, while slightly below the national average of $136,140, reflects a strong regional demand for these essential healthcare professionals. The specific economic landscape and healthcare needs of this nonmetropolitan region play a significant role in shaping pharmacist compensation.
Executive Summary
- Average Salary: $123,070 per year.
- Growth Trend: Salaries have shifted 7.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,200.
- Outlook: With a local workforce of 540 pharmacists and a Location Quotient of 1.46, the job market in South Central Kentucky indicates a notable concentration of these professionals relative to the national average. This suggests a robust demand and a stable, if not growing, job market for pharmacists in the region, signifying good employment prospects for those in the field.
Salary Overview
The average Pharmacists in South Central Kentucky nonmetropolitan area earns-9.6%below the national average.
$59.2
$2,367
$10,256
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in South Central Kentucky have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, inflation, and the evolving scope of pharmacy practice likely contribute to an upward trajectory in compensation for these vital professionals.
Pharmacists Salary Distribution in South Central Kentucky nonmetropolitan area
Pharmacist salaries in South Central Kentucky nonmetropolitan area exhibit a clear progression based on experience. Entry-level positions typically command lower salaries, while senior pharmacists with extensive experience and specialized skills can expect significantly higher earnings. The percentile gaps between different experience levels underscore the opportunities for career advancement and increased earning potential within the region.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $60,780 | $29.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $92,303 | $44.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $127,340 | $61.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $153,838 | $74 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $154,200 | $74.1 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$123,070
Gross Pay
Real Wage (Purchasing Power)
$123,070
Adjusted for COL (100)
The average annual salary of $123,070 for pharmacists in South Central Kentucky aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a pharmacist's salary in this region is equivalent to that of a pharmacist earning the national average in a typical U.S. location, making it a financially stable place to live and work.
Job Market Context
540
Total Jobs
3.119
Per 1K Jobs
1.46
Location Quotient
With a location quotient of 1.46, South Central Kentucky nonmetropolitan area has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
The Location Quotient of 1.46 for pharmacists in South Central Kentucky signifies a higher concentration of these professionals compared to the national average. This suggests that the demand for pharmacists in this nonmetropolitan area is strong, potentially leading to competitive hiring environments and favorable conditions for job seekers.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Pharmacists Salary | $132,060↑ 7% | 28 mi |
| Elizabethtown, KY Pharmacists Salary | $132,800↑ 8% | 66 mi |
| Louisville/Jefferson County, KY-IN Pharmacists Salary | $134,040↑ 9% | 72 mi |
| Cincinnati, OH-KY-IN Pharmacists Salary | $132,610↑ 8% | 100 mi |
Comparing salaries near South Central Kentucky nonmetropolitan area
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Pharmacists in South Central Kentucky nonmetropolitan area is $123,070. This typically ranges from $60,780 for entry-level positions to $154,200 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 9.6% lower than the national median of $136,140.
Is South Central Kentucky nonmetropolitan area a lucrative place for Pharmacists?
Yes, it offers a strong earning potential relative to the cost of living.Pharmacists earn $123,070 annually, which is highly competitive given the national average cost of living. The strong Location Quotient also indicates robust local demand for the profession.
Is South Central Kentucky nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($132,060) and Elizabethtown, KY.
How does the pharmacist salary compare to the national average?
Pharmacists in South Central Kentucky earn an average of $123,070 annually, which is approximately 9.6% lower than the national average of $136,140.
What is the concentration of pharmacists in South Central Kentucky?
The Location Quotient for pharmacists in South Central Kentucky is 1.46, indicating that the area has about 46% more pharmacists per worker than the national average.
How does the cost of living in South Central Kentucky affect pharmacist salaries?
The Cost of Living Index is 100, meaning it matches the national average. Therefore, the $123,070 salary has the same purchasing power as the national average salary in a typical U.S. location.
What is the total number of pharmacists in the region?
There are approximately 540 pharmacists employed in the South Central Kentucky nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 540 employees in the South Central Kentucky nonmetropolitan area area with a job density of 3.119 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 South Central Kentucky nonmetropolitan area