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Average Pharmacists Salary in Toledo, OH

Pharmacists in Toledo, OH earn an average annual salary of $119,680, which is notably below the national average of $136,140. This difference in compensation can be attributed to a variety of local economic factors, including the specific demand for pharmaceutical services within the Toledo metropolitan area and the overall cost structure of healthcare providers in the region.

Executive Summary

  • Average Salary: $119,680 per year.
  • Growth Trend: Salaries have shifted 11.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $154,510.
  • Outlook: With a local workforce of 690 pharmacists and a Location Quotient of 1.12, Toledo exhibits a slightly higher concentration of these professionals than the national average. This suggests a stable, albeit not exceptionally booming, job market for pharmacists in the area, indicating consistent demand that supports the current employment levels.
2024 Market Data

Salary Overview

$119,680

The average Pharmacists in Toledo, OH earns-12.1%below the national average.

BreakdownBased on 40h/week
Hourly

$57.5

Weekly

$2,302

Monthly

$9,973

Pharmacists Salary Distribution in Toledo, OH

Salary progression for pharmacists in Toledo, OH, typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills or supervisory roles can expect to earn considerably more, with the gap between the 25th and 75th percentiles reflecting substantial career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$42,280$20.3
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$89,760$43.2
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$132,510$63.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$149,600$71.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$154,510$74.3

Detailed Pharmacists Market Analysis

Relocation Context

Nominal Salary

$119,680

Gross Pay

Real Wage (Purchasing Power)

$119,680

Adjusted for COL (100)

The average annual salary of $119,680 in Toledo, OH, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a pharmacist's salary in Toledo is equivalent to the national average, offering a stable financial standing relative to the rest of the country.

Job Market Context

690

Total Jobs

2.38

Per 1K Jobs

1.12

Location Quotient

Above Average

With a location quotient of 1.12, Toledo, OH has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.

A Location Quotient of 1.12 indicates that Toledo, OH, has a slightly higher concentration of pharmacists relative to its general workforce compared to the national average. This suggests a moderately competitive market where demand is robust enough to support a slightly denser professional population, potentially offering good opportunities for skilled individuals.

Nearby Job Markets

Nearby Cities for Pharmacists

CitySalaryDist.
Monroe, MI Pharmacists Salary$126,220↑ 5%20 mi
Ann Arbor, MI Pharmacists Salary$141,600↑ 18%43 mi
Sandusky, OH Pharmacists Salary$119,740↑ 0%48 mi
Detroit-Warren-Dearborn, MI Pharmacists Salary$126,610↑ 6%54 mi
Jackson, MI Pharmacists Salary$128,910↑ 8%58 mi

Comparing salaries near Toledo, OH

Hiring Pharmacistss?

Frequently Asked Questions

How much does a Pharmacists make in Toledo, OH?

The median annual salary for a Pharmacists in Toledo, OH is $119,680. This typically ranges from $42,280 for entry-level positions to $154,510 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Toledo, OH is 12.1% lower than the national median of $136,140.

Is Toledo, OH a lucrative place for Pharmacists?

Yes, with caveats.Pharmacists in Toledo earn $119,680 annually, which is below the national average, but the cost of living is also at the national average, making the salary's purchasing power comparable.

Is Toledo, OH a good place to live for Pharmacists?

The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Toledo, OH?

Some top paying nearby cities include Monroe, MI ($126,220) and Ann Arbor, MI.

How does Toledo's pharmacist salary compare to the national average?

The average annual salary for pharmacists in Toledo, OH is $119,680, which is $16,460 less than the national average of $136,140.

What is the concentration of pharmacists in Toledo, OH?

Toledo has a Location Quotient of 1.12 for pharmacists, meaning the concentration of these professionals is slightly higher than the national average.

How does the cost of living in Toledo affect pharmacist salaries?

With a Cost of Living Index of 100, Toledo is at the national average. This means the $119,680 salary offers purchasing power equivalent to the national average, despite being below the national salary figure.

What does 'Jobs per 1,000 Workers' mean for Toledo pharmacists?

The figure of 2.38 jobs per 1,000 workers indicates the prevalence of pharmacist roles within the local economy, suggesting a steady demand for these services.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 690 employees in the Toledo, OH area with a job density of 2.38 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 Toledo, OH