Average Pharmacists Salary in Southern Indiana nonmetropolitan area
Pharmacists in Southern Indiana's nonmetropolitan areas earn an average annual salary of $127,990. This figure is notably below the national average of $136,140, suggesting that regional economic factors and demand dynamics play a significant role in compensation within this specific locale. The lower average may be influenced by a variety of local economic conditions and the specific needs of the healthcare infrastructure in these less densely populated regions.
Executive Summary
- Average Salary: $127,990 per year.
- Growth Trend: Salaries have shifted 30.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $156,730.
- Outlook: The job market for Pharmacists in Southern Indiana's nonmetropolitan areas, with a total local workforce of 270, indicates a specialized but stable demand. The Location Quotient of 0.64 suggests that while the concentration of pharmacists is lower than the national average, the presence of 1.362 jobs per 1,000 workers points to a consistent need for these professionals within the community's healthcare system.
Salary Overview
The average Pharmacists in Southern Indiana nonmetropolitan area earns-6.0%below the national average.
$61.5
$2,461
$10,666
Pharmacists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that pharmacist salaries in Southern Indiana have experienced growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, evolving pharmaceutical practices, and general inflation likely contribute to a gradual upward trajectory in compensation for these essential healthcare providers.
Pharmacists Salary Distribution in Southern Indiana nonmetropolitan area
Salary progression for Pharmacists in Southern Indiana typically scales with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills or supervisory responsibilities can expect significantly higher earnings. The percentile gaps between entry-level, mid-career, and senior roles signify clear career progression pathways and the increasing value placed on expertise and leadership within the profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $85,070 | $40.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $95,993 | $46.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $134,170 | $64.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $159,988 | $76.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $156,730 | $75.4 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$127,990
Gross Pay
Real Wage (Purchasing Power)
$127,990
Adjusted for COL (100)
The nominal average annual salary of $127,990 in Southern Indiana's 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 that of a pharmacist earning the national average in a location with average living expenses. Consequently, the salary offers a comparable standard of living to the national benchmark.
Job Market Context
270
Total Jobs
1.362
Per 1K Jobs
0.64
Location Quotient
Southern Indiana nonmetropolitan area has 0.64x 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.
With a Location Quotient of 0.64, the market for Pharmacists in Southern Indiana's nonmetropolitan areas is less concentrated than the national average. This suggests that while there might be fewer pharmacists relative to other professions compared to the national landscape, the demand, as indicated by jobs per 1,000 workers, remains steady. This scenario can present opportunities for skilled professionals seeking roles in areas with potentially less competition but consistent need.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Pharmacists Salary | $136,890↑ 7% | 8 mi |
| Kokomo, IN Pharmacists Salary | $134,000↑ 5% | 43 mi |
| Columbus, IN Pharmacists Salary | $124,470↓ 3% | 48 mi |
| Bloomington, IN Pharmacists Salary | $133,890↑ 5% | 49 mi |
| Lafayette-West Lafayette, IN Pharmacists Salary | $98,060↓ 23% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
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Frequently Asked Questions
How much does a Pharmacists make in Southern Indiana nonmetropolitan area?
The median annual salary for a Pharmacists in Southern Indiana nonmetropolitan area is $127,990. This typically ranges from $85,070 for entry-level positions to $156,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 6.0% lower than the national median of $136,140.
Is Southern Indiana nonmetropolitan area a lucrative place for Pharmacists?
No, not exceptionally lucrative compared to the national average.While the average salary of $127,990 is substantial, it falls below the national average of $136,140. However, the cost of living being at the national average means the salary's purchasing power is equivalent.
Is Southern Indiana nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($136,890) and Kokomo, IN.
How does the pharmacist salary in Southern Indiana compare to the national average?
The average annual salary for Pharmacists in Southern Indiana's nonmetropolitan areas is $127,990, which is approximately $8,150 less than the national average of $136,140.
What is the concentration of pharmacists in Southern Indiana compared to the nation?
The Location Quotient of 0.64 indicates that Southern Indiana has a lower concentration of pharmacists relative to the national average, suggesting a less saturated market.
Does the cost of living affect the value of a pharmacist's salary in Southern Indiana?
No, the Cost of Living Index is 100, which is the national average. This means the $127,990 salary offers a purchasing power equivalent to the national average salary in a location with average living costs.
How many jobs per 1,000 workers are available for pharmacists in this region?
There are 1.362 jobs per 1,000 workers for Pharmacists in Southern Indiana's nonmetropolitan areas, indicating a consistent demand for the profession.
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 Southern Indiana nonmetropolitan area area with a job density of 1.362 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 Southern Indiana nonmetropolitan area