SalaryNode

Average Pharmacists Salary in South Dakota

Pharmacists in South Dakota earn an impressive average annual salary of $137,460, slightly surpassing the national average of $136,140. This favorable compensation in the Mount Rushmore State is influenced by a combination of factors, including the specialized demand for healthcare professionals and the state's unique economic landscape.

Executive Summary

  • Average Salary: $137,460 per year.
  • Growth Trend: Salaries have shifted 13.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $160,360.
  • Outlook: South Dakota boasts a robust job market for pharmacists, evidenced by a total local workforce of 1,290 professionals. The location quotient of 1.34 indicates a higher concentration of these roles compared to the national average, suggesting a strong and potentially growing demand for skilled pharmacists within the state.
2024 Market Data

Salary Overview

$137,460

The average Pharmacists in South Dakota earns+1.0%above the national average.

BreakdownBased on 40h/week
Hourly

$66.1

Weekly

$2,643

Monthly

$11,455

Pharmacists Salary Distribution in South Dakota

Career progression for pharmacists in South Dakota typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, but as pharmacists gain experience, develop specialized skills, and potentially move into supervisory or management roles, their earning potential can rise substantially, reflected in higher salary percentiles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$119,250$57.3
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$103,095$49.6
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$140,190$67.4
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$171,825$82.6
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$160,360$77.1

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$137,460

Gross Pay

Real Wage (Purchasing Power)

$149,739

Adjusted for COL (91.8)

The nominal average salary of $137,460 in South Dakota presents a strong purchasing power, especially when considered against the local Cost of Living Index of 91.8. This index is below the national average of 100, meaning that the earned income of a pharmacist in South Dakota can likely cover more goods and services than in a higher cost-of-living area, enhancing overall financial well-being.

Job Market Context

1,290

Total Jobs

2.851

Per 1K Jobs

1.34

Location Quotient

Above Average

With a location quotient of 1.34, South Dakota has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

With a Location Quotient of 1.34, South Dakota demonstrates a notable concentration of pharmacist jobs relative to its overall workforce size when compared to the national benchmark. This suggests that the job market for pharmacists in the state is more robust and potentially less saturated than the national average, offering good opportunities for those in the profession.

Nearby Job Markets

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in South Dakota?

The median annual salary for a Pharmacists in South Dakota is $137,460. This typically ranges from $119,250 for entry-level positions to $160,360 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Dakota is 1.0% higher than the national median of $136,140.

Is South Dakota a lucrative place for Pharmacists?

Yes, South Dakota offers a lucrative environment for pharmacists.Pharmacists in South Dakota earn above the national average salary and benefit from a cost of living that is below the national average, increasing their real income.

Is South Dakota a good place to live for Pharmacists?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

How does the number of pharmacists in South Dakota compare nationally?

South Dakota employs 1,290 pharmacists, and with 2.851 jobs per 1,000 workers, the state shows a higher concentration than the national average.

What is the significance of the Location Quotient for pharmacists in South Dakota?

A Location Quotient of 1.34 indicates that pharmacists are more concentrated in South Dakota than the national average, suggesting a strong presence and demand for the profession within the state.

How does the cost of living affect a pharmacist's salary in South Dakota?

The cost of living in South Dakota is 8.2% lower than the national average (index 91.8 vs 100), meaning the average salary of $137,460 provides greater purchasing power.

Are there many job opportunities for pharmacists in South Dakota?

Yes, the location quotient of 1.34 suggests a healthy demand and concentration of pharmacist roles, indicating a favorable job market for this profession in 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 South Dakota area with a job density of 2.851 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 South Dakota