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Average Pharmacists Salary in South Central Tennessee nonmetropolitan area

Pharmacists in the South Central Tennessee nonmetropolitan area earn an average annual salary of $113,360. This figure is notably below the national average of $136,140, suggesting that regional economic factors and a potentially smaller market size influence compensation. The specific pay rates in this area are shaped by local demand, the cost of doing business, and the overall economic landscape of nonmetropolitan regions.

Executive Summary

  • Average Salary: $113,360 per year.
  • Growth Trend: Salaries have shifted 3.2% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $157,730.
  • Outlook: The pharmacist job market in South Central Tennessee appears stable, with a local workforce of 270 professionals. The Location Quotient of 1.12 indicates a slightly higher concentration of pharmacists compared to the national average, suggesting a steady, albeit not booming, demand for these essential healthcare providers within the region.
2024 Market Data

Salary Overview

$113,360

The average Pharmacists in South Central Tennessee nonmetropolitan area earns-16.7%below the national average.

BreakdownBased on 40h/week
Hourly

$54.5

Weekly

$2,180

Monthly

$9,447

Pharmacists Salary Distribution in South Central Tennessee nonmetropolitan area

Career progression for pharmacists in South Central Tennessee 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 variance in salaries across different experience levels reflects the industry's recognition of accumulated knowledge and expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$53,920$25.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$85,020$40.9
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$127,860$61.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$141,700$68.1
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$157,730$75.8

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$113,360

Gross Pay

Real Wage (Purchasing Power)

$113,360

Adjusted for COL (100)

With an average annual salary of $113,360 and a Cost of Living Index at the national average of 100, pharmacists relocating to South Central Tennessee will find their nominal income aligns with national spending power. This means that while the salary is lower than the national average, the cost of essential goods and services is comparable, offering a balanced financial outlook.

Job Market Context

270

Total Jobs

2.394

Per 1K Jobs

1.12

Location Quotient

Above Average

With a location quotient of 1.12, South Central Tennessee nonmetropolitan area has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

The Location Quotient of 1.12 for pharmacists in South Central Tennessee suggests a market that is slightly more concentrated than the national average. This indicates a healthy presence of pharmacists relative to the general workforce, implying a stable job market with consistent opportunities, though perhaps not an intensely competitive one for new entrants.

Nearby Job Markets

Nearby Cities for Pharmacists

Comparing salaries near South Central Tennessee nonmetropolitan area

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in South Central Tennessee nonmetropolitan area?

The median annual salary for a Pharmacists in South Central Tennessee nonmetropolitan area is $113,360. This typically ranges from $53,920 for entry-level positions to $157,730 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Central Tennessee nonmetropolitan area is 16.7% lower than the national median of $136,140.

Is South Central Tennessee nonmetropolitan area a lucrative place for Pharmacists?

No, not compared to the national average.While pharmacists earn a solid $113,360 annually, this is below the national average of $136,140. However, the cost of living is also at the national average, making the effective purchasing power more comparable.

Is South Central Tennessee nonmetropolitan area a good place to live for Pharmacists?

The Cost of Living Index in South Central Tennessee nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near South Central Tennessee nonmetropolitan area?

Some top paying nearby cities include Nashville-Davidson--Murfreesboro--Franklin, TN ($127,320) and Clarksville, TN-KY.

How does the local pharmacist workforce compare nationally?

With 2.394 jobs per 1,000 workers, the concentration of pharmacists in South Central Tennessee is slightly above the national average, as indicated by a Location Quotient of 1.12.

What is the total number of pharmacists in this region?

The South Central Tennessee nonmetropolitan area has a total local workforce of 270 pharmacists.

Is the cost of living high in South Central Tennessee?

No, the cost of living in South Central Tennessee is exactly at the national average, with an index of 100.

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

The average annual salary for pharmacists in South Central Tennessee is $113,360, which is lower than the national average of $136,140.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the South Central Tennessee nonmetropolitan area area with a job density of 2.394 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.