Average Pharmacy Technicians Salary in Lafayette-West Lafayette, IN
Pharmacy Technicians in Lafayette-West Lafayette, IN earn an average annual salary of $41,720. This figure is slightly below the national average of $44,160, suggesting localized economic factors and demand dynamics influence compensation in this specific Indiana region. The pay scale reflects the unique balance of local market conditions and the cost of living within the Lafayette-West Lafayette area.
Executive Summary
- Average Salary: $41,720 per year.
- Growth Trend: Salaries have shifted 25.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $46,410.
- Outlook: With a total local workforce of 340 Pharmacy Technicians, Lafayette-West Lafayette presents a moderately sized employment landscape for this profession. The Location Quotient of 1.06 indicates a concentration of these roles that is slightly above the national average, suggesting a stable and perhaps growing demand for skilled Pharmacy Technicians within the community.
Salary Overview
The average Pharmacy Technicians in Lafayette-West Lafayette, IN earns-5.5%below the national average.
$20.1
$802
$3,477
Pharmacy Technicians Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that, mirroring national trends, Pharmacy Technician salaries in Lafayette-West Lafayette have experienced gradual growth over the past four years. This upward trajectory is typically driven by inflation, increasing demand for healthcare services, and the evolving responsibilities of the role.
Pharmacy Technicians Salary Distribution in Lafayette-West Lafayette, IN
Salary progression for Pharmacy Technicians in Lafayette-West Lafayette typically correlates with experience. Entry-level positions will likely fall at the lower end of the pay scale, while senior technicians with specialized skills or supervisory responsibilities can command significantly higher salaries. The percentile gaps in earnings signify clear career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $34,680 | $16.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $31,290 | $15 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $40,810 | $19.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $52,150 | $25.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $46,410 | $22.3 |
Detailed Pharmacy Technicians Market Analysis
Relocation Context
Nominal Salary
$41,720
Gross Pay
Real Wage (Purchasing Power)
$41,720
Adjusted for COL (100)
The average annual salary of $41,720 in Lafayette-West Lafayette aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Pharmacy Technician's salary in this area is comparable to the national standard, making it neither exceptionally expensive nor unusually affordable for residents.
Job Market Context
340
Total Jobs
3.344
Per 1K Jobs
1.06
Location Quotient
With a location quotient of 1.06, Lafayette-West Lafayette, IN has a slightly higher-than-average concentration of Pharmacy Technicians roles compared to the national norm.
The Location Quotient of 1.06 for Pharmacy Technicians in Lafayette-West Lafayette suggests a job market that is slightly more concentrated than the national average. This indicates a healthy presence of these roles, implying a competitive yet accessible environment for both employers seeking talent and technicians looking for opportunities.
Nearby Job Markets
Nearby Cities for Pharmacy Technicians
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Pharmacy Technicians Salary | $42,100↑ 1% | 39 mi |
| Northern Indiana nonmetropolitan area Pharmacy Technicians Salary | $40,340↓ 3% | 50 mi |
| Southern Indiana nonmetropolitan area Pharmacy Technicians Salary | $39,550↓ 5% | 50 mi |
| Central Indiana nonmetropolitan area Pharmacy Technicians Salary | $41,370↓ 1% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Pharmacy Technicians Salary | $42,790↑ 3% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Pharmacy Technicianss?
Frequently Asked Questions
How much does a Pharmacy Technicians make in Lafayette-West Lafayette, IN?
The median annual salary for a Pharmacy Technicians in Lafayette-West Lafayette, IN is $41,720. This typically ranges from $34,680 for entry-level positions to $46,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 5.5% lower than the national median of $44,160.
Is Lafayette-West Lafayette, IN a lucrative place for Pharmacy Technicians?
No, not exceptionally lucrative compared to the national average.While the salary is competitive within the local context, the average of $41,720 is below the national average of $44,160. However, the cost of living being at the national average offsets this difference significantly.
Is Lafayette-West Lafayette, IN a good place to live for Pharmacy Technicians?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($42,100) and Northern Indiana nonmetropolitan area.
How does the Lafayette-West Lafayette salary compare to the national average?
The average annual salary for Pharmacy Technicians in Lafayette-West Lafayette, IN is $41,720, which is slightly lower than the national average of $44,160.
What is the concentration of Pharmacy Technicians in Lafayette-West Lafayette?
The Location Quotient is 1.06, indicating that the concentration of Pharmacy Technicians in Lafayette-West Lafayette is slightly higher than the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the salary of $41,720 has the same purchasing power as the national average, meaning the cost of living is neither high nor low relative to the rest of the country.
What does the job market look like for Pharmacy Technicians in this area?
The market is stable with a slight concentration above the national average, suggesting consistent demand for Pharmacy Technicians in Lafayette-West Lafayette.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Lafayette-West Lafayette, IN area with a job density of 3.344 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Pharmacy Technicians Salaries by State
Top Jobs in Lafayette-West Lafayette, IN
- All Occupations Salary in Lafayette-West Lafayette, IN
- Production Occupations Salary in Lafayette-West Lafayette, IN
- Office and Administrative Support Occupations Salary in Lafayette-West Lafayette, IN
- Food Preparation and Serving Related Occupations Salary in Lafayette-West Lafayette, IN
- Transportation and Material Moving Occupations Salary in Lafayette-West Lafayette, IN
- Educational Instruction and Library Occupations Salary in Lafayette-West Lafayette, IN
- Miscellaneous Assemblers and Fabricators Salary in Lafayette-West Lafayette, IN
- Sales and Related Occupations Salary in Lafayette-West Lafayette, IN
- Healthcare Practitioners and Technical Occupations Salary in Lafayette-West Lafayette, IN
- Management Occupations Salary in Lafayette-West Lafayette, IN
- Browse All Jobs in Lafayette-West Lafayette, IN →
Semantic Salary Analysis for Pharmacy Technicians • Data source: BLS OEWS 2024 •Jobs in Lafayette-West Lafayette, IN