Average Pharmacists Salary in Southeast Minnesota nonmetropolitan area
Pharmacists in the Southeast Minnesota nonmetropolitan area command an impressive average annual salary of $147,200, significantly exceeding the national average of $136,140. This elevated compensation is likely driven by a combination of factors specific to the region, including potentially specialized healthcare needs and a targeted demand for skilled pharmacy professionals in non-urban settings.
Executive Summary
- Average Salary: $147,200 per year.
- Growth Trend: Salaries have shifted 7.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $175,900.
- Outlook: With a local workforce of 240 Pharmacists and a Location Quotient of 0.74, the job market in Southeast Minnesota nonmetropolitan areas indicates a stable, though not hyper-concentrated, demand for these professionals. The number of jobs per 1,000 workers at 1.579 suggests a consistent presence of opportunities, making it a reliable market for those in the field.
Salary Overview
The average Pharmacists in Southeast Minnesota nonmetropolitan area earns+8.1%above the national average.
$70.8
$2,831
$12,267
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Pharmacists in Southeast Minnesota nonmetropolitan areas have experienced steady growth over the past four years, mirroring national trends. This growth is typically fueled by increasing healthcare demands, advancements in pharmaceutical services, and the ongoing need for qualified professionals to manage medication therapies.
Pharmacists Salary Distribution in Southeast Minnesota nonmetropolitan area
Salary progression for Pharmacists in Southeast Minnesota nonmetropolitan areas typically scales with experience. Entry-level positions will naturally fall at the lower end of the pay scale, while seasoned professionals with specialized skills or supervisory roles can expect to earn significantly more. The percentile gaps between entry-level and senior Pharmacists reflect a clear career trajectory and the increasing value placed on expertise and responsibility within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $118,330 | $56.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $110,400 | $53.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $145,600 | $70 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $184,000 | $88.5 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $175,900 | $84.6 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$147,200
Gross Pay
Real Wage (Purchasing Power)
$147,200
Adjusted for COL (100)
The average annual salary of $147,200 in Southeast Minnesota nonmetropolitan areas 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 the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
240
Total Jobs
1.579
Per 1K Jobs
0.74
Location Quotient
Southeast Minnesota nonmetropolitan area has 0.74x 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.
A Location Quotient of 0.74 suggests that Pharmacists are slightly less concentrated in Southeast Minnesota nonmetropolitan areas compared to the national average. This indicates a potentially less saturated market, which could translate to more direct opportunities for qualified individuals and potentially stronger negotiating power for new hires.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Pharmacists Salary | $146,540↓ 0% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Pharmacists Salary | $148,770↑ 1% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
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Frequently Asked Questions
How much does a Pharmacists make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Pharmacists in Southeast Minnesota nonmetropolitan area is $147,200. This typically ranges from $118,330 for entry-level positions to $175,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 8.1% higher than the national median of $136,140.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Pharmacists?
Yes, it is a lucrative place for Pharmacists.Pharmacists in this region earn over $11,000 more than the national average, while maintaining a cost of living that is on par with the national average.
Is Southeast Minnesota nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($146,540) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the Pharmacist salary in Southeast Minnesota compare to the national average?
The average annual salary for Pharmacists in Southeast Minnesota nonmetropolitan areas is $147,200, which is notably higher than the national average of $136,140.
What is the Cost of Living in Southeast Minnesota nonmetropolitan areas for Pharmacists?
The Cost of Living Index in Southeast Minnesota nonmetropolitan areas is 100, which is exactly the national average, meaning your salary has average purchasing power.
How many Pharmacists are employed in Southeast Minnesota nonmetropolitan areas?
There are approximately 240 Pharmacists employed in the Southeast Minnesota nonmetropolitan area.
What does the Location Quotient of 0.74 mean for Pharmacists in this region?
A Location Quotient of 0.74 indicates that Pharmacists are present in this region at a rate slightly below the national average, suggesting a potentially less competitive job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 1.579 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 Southeast Minnesota nonmetropolitan area