Average Pharmacists Salary in Upper Peninsula of Michigan nonmetropolitan area
Pharmacists in the Upper Peninsula of Michigan nonmetropolitan area earn an impressive average annual salary of $130,040. This figure is slightly below the national average of $136,140, but regional economic factors and the specific demand within this geographic area contribute to this competitive compensation. The unique market dynamics of a nonmetropolitan setting often influence salary structures to attract and retain skilled professionals.
Executive Summary
- Average Salary: $130,040 per year.
- Growth Trend: Salaries have shifted 2.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,820.
- Outlook: With a local workforce of 250 pharmacists and a Location Quotient of 1.07, the job market in the Upper Peninsula of Michigan nonmetropolitan area indicates a healthy demand for these professionals. The concentration slightly above the national average suggests that pharmacists are a valued and relatively well-established part of the local healthcare landscape, pointing towards a stable and potentially growing job market.
Salary Overview
The average Pharmacists in Upper Peninsula of Michigan nonmetropolitan area earns-4.5%below the national average.
$62.5
$2,501
$10,837
Pharmacists Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that pharmacist salaries in nonmetropolitan areas like the Upper Peninsula of Michigan have seen consistent growth over the past four years. Factors such as inflation, increasing healthcare needs, and a persistent demand for pharmaceutical services typically drive upward salary trends for essential roles like pharmacists.
Pharmacists Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area
The career trajectory for pharmacists typically involves significant salary increases with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with specialized skills or supervisory responsibilities can expect to earn substantially more. The percentile gaps in salary distribution, though not detailed here, generally signify the progression from junior roles to senior, highly compensated positions within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $79,910 | $38.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $97,530 | $46.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $132,630 | $63.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $162,550 | $78.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $161,820 | $77.8 |
Detailed Pharmacists Market Analysis
Relocation Context
Nominal Salary
$130,040
Gross Pay
Real Wage (Purchasing Power)
$130,040
Adjusted for COL (100)
The nominal average annual salary of $130,040 in the Upper Peninsula of Michigan nonmetropolitan area aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a pharmacist's salary in this region is comparable to the national standard, offering a stable financial outlook without the premium often associated with higher cost-of-living areas.
Job Market Context
250
Total Jobs
2.292
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Upper Peninsula of Michigan nonmetropolitan area has a slightly higher-than-average concentration of Pharmacists roles compared to the national norm.
A Location Quotient of 1.07 for pharmacists in the Upper Peninsula of Michigan nonmetropolitan area signifies a concentration of these professionals that is 7% higher than the national average. This suggests a slightly more abundant market compared to the rest of the country, which could translate to a competitive environment for job seekers but also indicates a strong presence and established need for pharmaceutical services within the region.
Nearby Job Markets
Nearby Cities for Pharmacists
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Pharmacists Salary | $131,930↑ 1% | 26 mi |
| Saginaw, MI Pharmacists Salary | $131,900↑ 1% | 30 mi |
| Bay City, MI Pharmacists Salary | $121,480↓ 7% | 37 mi |
| Lansing-East Lansing, MI Pharmacists Salary | $133,570↑ 3% | 42 mi |
| Flint, MI Pharmacists Salary | $124,340↓ 4% | 47 mi |
Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area
Hiring Pharmacistss?
Frequently Asked Questions
How much does a Pharmacists make in Upper Peninsula of Michigan nonmetropolitan area?
The median annual salary for a Pharmacists in Upper Peninsula of Michigan nonmetropolitan area is $130,040. This typically ranges from $79,910 for entry-level positions to $161,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 4.5% lower than the national median of $136,140.
Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for Pharmacists?
Yes, it offers competitive compensation.Pharmacists in this area earn $130,040 annually, which is competitive given the national average cost of living. The job market also shows a healthy concentration of these roles.
Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Pharmacists?
The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?
Some top paying nearby cities include Midland, MI ($131,930) and Saginaw, MI.
How does the pharmacist salary in Michigan's UP compare to the national average?
The average annual salary for pharmacists in the Upper Peninsula of Michigan nonmetropolitan area is $130,040, which is slightly lower than the national average of $136,140.
What is the cost of living like for pharmacists in this region?
The cost of living index is 100, which is exactly the national average. This means a pharmacist's salary here has purchasing power equivalent to the national standard.
How concentrated are pharmacist jobs in this area?
The Location Quotient is 1.07, indicating a slightly higher concentration of pharmacists compared to the national average, suggesting a stable demand.
What is the total number of pharmacists in this region?
There are approximately 250 pharmacists employed in the Upper Peninsula of Michigan nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 2.292 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 Upper Peninsula of Michigan nonmetropolitan area