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Average Pharmacy Technicians Salary in Memphis, TN-MS-AR

Pharmacy Technicians in the Memphis, TN-MS-AR area earn an average annual salary of $42,150. This figure is slightly below the national average of $44,160, suggesting localized market dynamics and potentially a different supply-demand equilibrium influence pay rates. Factors such as the regional economic landscape and the concentration of healthcare facilities play a crucial role in shaping compensation for these vital healthcare professionals.

Executive Summary

  • Average Salary: $42,150 per year.
  • Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $50,960.
  • Outlook: The Memphis, TN-MS-AR region supports a substantial workforce of 2,280 Pharmacy Technicians. With a Location Quotient of 1.16, the area demonstrates a concentration of these roles that is 16% higher than the national average, indicating a robust and potentially growing demand for skilled pharmacy technicians within the local healthcare ecosystem.
2024 Market Data

Salary Overview

$42,150

The average Pharmacy Technicians in Memphis, TN-MS-AR earns-4.6%below the national average.

BreakdownBased on 40h/week
Hourly

$20.3

Weekly

$811

Monthly

$3,513

Pharmacy Technicians Salary Distribution in Memphis, TN-MS-AR

Salary progression for Pharmacy Technicians in Memphis, TN-MS-AR is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and several years of experience can expect to earn considerably more, potentially reaching into the higher percentiles of the salary range. The gap between entry-level and senior roles signifies clear career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$35,670$17.1
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$31,613$15.2
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$39,370$18.9
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$52,688$25.3
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$50,960$24.5

Detailed Pharmacy Technicians Market Analysis

Relocation Context

Nominal Salary

$42,150

Gross Pay

Real Wage (Purchasing Power)

$42,150

Adjusted for COL (100)

The average annual salary of $42,150 for Pharmacy Technicians in Memphis 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 Memphis is comparable to that of their counterparts in a typical U.S. city, making it a stable financial environment for professionals in this role.

Job Market Context

2,280

Total Jobs

3.678

Per 1K Jobs

1.16

Location Quotient

Above Average

With a location quotient of 1.16, Memphis, TN-MS-AR has a slightly higher-than-average concentration of Pharmacy Technicians roles compared to the national norm.

A Location Quotient of 1.16 signifies that Pharmacy Technicians are more concentrated in the Memphis, TN-MS-AR area than the national average. This suggests a healthy job market where demand is at least on par with, if not exceeding, the national average, offering good opportunities for both new entrants and experienced professionals seeking employment.

Nearby Job Markets

Nearby Cities for Pharmacy Technicians

CitySalaryDist.
Jonesboro, AR Pharmacy Technicians Salary$38,070↓ 10%64 mi
Jackson, TN Pharmacy Technicians Salary$39,250↓ 7%74 mi

Comparing salaries near Memphis, TN-MS-AR

Hiring Pharmacy Technicianss?

Frequently Asked Questions

How much does a Pharmacy Technicians make in Memphis, TN-MS-AR?

The median annual salary for a Pharmacy Technicians in Memphis, TN-MS-AR is $42,150. This typically ranges from $35,670 for entry-level positions to $50,960 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Memphis, TN-MS-AR is 4.6% lower than the national median of $44,160.

Is Memphis, TN-MS-AR a lucrative place for Pharmacy Technicians?

Moderately so, with stable purchasing power.While the average salary is slightly below the national average, the cost of living is also at the national average, meaning your earnings hold their value. The higher concentration of jobs suggests good market stability.

Is Memphis, TN-MS-AR a good place to live for Pharmacy Technicians?

The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Memphis, TN-MS-AR?

Some top paying nearby cities include Jonesboro, AR ($38,070) and Jackson, TN.

How does the Memphis salary compare to the national average?

The average annual salary for Pharmacy Technicians in Memphis is $42,150, which is slightly lower than the national average of $44,160.

What is the Cost of Living in Memphis for Pharmacy Technicians?

The Cost of Living Index in Memphis is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.

How concentrated are Pharmacy Technician jobs in Memphis?

Memphis has a Location Quotient of 1.16 for Pharmacy Technicians, meaning the job concentration is 16% higher than the national average, suggesting a strong local demand.

What is the total number of Pharmacy Technicians in Memphis?

There are approximately 2,280 Pharmacy Technicians employed in the Memphis, TN-MS-AR area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,280 employees in the Memphis, TN-MS-AR area with a job density of 3.678 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Pharmacy Technicians • Data source: BLS OEWS 2024 •Jobs in Memphis, TN-MS-AR