Average Pharmacy Technicians Salary in Waco, TX
Pharmacy Technicians in Waco, TX earn an average annual salary of $43,140. This figure is slightly below the national average of $44,160, reflecting local economic conditions and demand specific to the Waco metropolitan area. Factors such as the cost of living and the concentration of healthcare facilities play a significant role in shaping compensation for these vital healthcare support professionals.
Executive Summary
- Average Salary: $43,140 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $57,140.
- Outlook: Waco, TX supports a dedicated workforce of approximately 350 Pharmacy Technicians. While the total workforce size is moderate, the location quotient of 0.85 suggests a slightly lower concentration of these roles compared to the national average. This indicates a stable, albeit not exceptionally high, demand for Pharmacy Technicians within the local job market, with jobs per 1,000 workers at 2.689.
Salary Overview
The average Pharmacy Technicians in Waco, TX earns-2.3%below the national average.
$20.7
$830
$3,595
Pharmacy Technicians Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is generally observed that salaries for Pharmacy Technicians nationwide have experienced steady growth over the past four years, driven by increasing healthcare needs and the expanding role of pharmacy services. This trend is likely mirrored in Waco, where an aging population and advancements in pharmaceutical care contribute to a consistent demand for skilled technicians, potentially leading to incremental salary increases.
Pharmacy Technicians Salary Distribution in Waco, TX
The career trajectory for Pharmacy Technicians in Waco, TX, typically involves salary increases with accumulated experience. Entry-level technicians can expect to earn at the lower end of the pay scale, while those with several years of experience and specialized skills, such as sterile compounding or inventory management, will command higher salaries. The percentile gaps in earnings signify clear opportunities for career progression and increased earning potential as technicians advance their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $36,100 | $17.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $32,355 | $15.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $41,630 | $20 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $53,925 | $25.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $57,140 | $27.5 |
Detailed Pharmacy Technicians Market Analysis
Relocation Context
Nominal Salary
$43,140
Gross Pay
Real Wage (Purchasing Power)
$43,140
Adjusted for COL (100)
With a Cost of Living Index of 100, Waco, TX, is perfectly aligned with the national average. This means the nominal average salary of $43,140 for Pharmacy Technicians in Waco offers purchasing power equivalent to the national average. Essentially, your earnings in Waco will go as far as they would in a typical U.S. city, making the salary competitive in terms of real value.
Job Market Context
350
Total Jobs
2.689
Per 1K Jobs
0.85
Location Quotient
Waco, TX has 0.85x the national average concentration of Pharmacy Technicians jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
The Location Quotient (LQ) of 0.85 for Pharmacy Technicians in Waco, TX, indicates that the profession is slightly less concentrated than the national average. This suggests that while there is a consistent need for these professionals, the market is not oversaturated. It implies a healthy balance between available positions and the number of qualified individuals, potentially leading to stable employment opportunities.
Nearby Job Markets
Nearby Cities for Pharmacy Technicians
| City | Salary | Dist. |
|---|---|---|
| North Region of Texas nonmetropolitan area Pharmacy Technicians Salary | $40,880↓ 5% | 41 mi |
| Northwestern Region of Texas nonmetropolitan area Pharmacy Technicians Salary | $42,100↓ 2% | 41 mi |
| Hill Country Region of Texas nonmetropolitan area Pharmacy Technicians Salary | $41,020↓ 5% | 41 mi |
| Coastal Plains Region of Texas nonmetropolitan area Pharmacy Technicians Salary | $41,910↓ 3% | 41 mi |
| Eastern Region of Texas nonmetropolitan area Pharmacy Technicians Salary | $41,670↓ 3% | 41 mi |
Comparing salaries near Waco, TX
Hiring Pharmacy Technicianss?
Frequently Asked Questions
How much does a Pharmacy Technicians make in Waco, TX?
The median annual salary for a Pharmacy Technicians in Waco, TX is $43,140. This typically ranges from $36,100 for entry-level positions to $57,140 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 2.3% lower than the national median of $44,160.
Is Waco, TX a lucrative place for Pharmacy Technicians?
No, not exceptionally lucrative compared to the national average.The average salary of $43,140 is slightly below the national average, and the concentration of jobs (LQ of 0.85) is also lower. However, the cost of living being at the national average means the salary's purchasing power is standard.
Is Waco, TX a good place to live for Pharmacy Technicians?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($40,880) and Northwestern Region of Texas nonmetropolitan area.
How does experience affect a Pharmacy Technician's salary in Waco, TX?
Experience significantly impacts earnings. Entry-level technicians earn less, while senior technicians with specialized skills and several years of experience can command higher salaries, reflecting career progression and increased responsibilities.
What is the Cost of Living in Waco, TX compared to the national average?
Waco, TX, has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services in Waco is comparable to the typical U.S. city.
Is the job market for Pharmacy Technicians strong in Waco, TX?
The job market is stable with a moderate workforce size and a location quotient slightly below the national average, indicating consistent demand without being overly competitive.
How does the average Pharmacy Technician salary in Waco compare to the national average?
The average annual salary for Pharmacy Technicians in Waco, TX, is $43,140, which is slightly lower than the national average of $44,160.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Waco, TX area with a job density of 2.689 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Pharmacy Technicians • Data source: BLS OEWS 2024 •Jobs in Waco, TX