How Much Do Pharmacists Make?

Pharmacists play an important role in improving patient care and quality of life. As specialists in the use of medications, these highly respected healthcare professionals can expect excellent employment and earning prospects in various settings.

Pharmacists often work in places such as retail drug stores or supermarkets. Many pharmacists work in hospitals, physicians’ offices, and long-term care facilities. They also can find career opportunities in research, government agencies, and higher education.

How much do pharmacists make? The answer depends on several factors, such as certification, specialized skills, and experience.

Some employment settings for pharmacists, like outpatient care and research and development, pay significantly more than pharmacies and drugstores. According to the U.S. Bureau of Labor Statistics (BLS), pharmacists earn an average hourly wage of $60.43 or an annual average salary of $125,690, much higher than the annual average for all occupations of $58,260.

Around 11,300 pharmacist openings are projected each year through 2030. While demand has declined slightly due to the reduction of retail pharmacy chain locations and the growing reliance on online and mail-order pharmacies, the BLS projects the need for pharmacists to expand in hospitals and other clinical settings.

The demand will also increase in areas with large elderly populations who require more prescription medications to treat chronic diseases associated with aging.

Where a pharmacist works has an important impact on salary. California pays the highest pharmacist salary in the U.S, followed by Alaska, Oregon, Washington, and Vermont. Earning levels in these states are driven by ongoing shortages of skilled healthcare professionals and higher than average cost of living.

Pharmacists based in large urban areas can also expect higher rates of compensation. California boasts all top ten metropolitan areas for pharmacist salaries, ranging from $148,490 in the centrally located Modesto region to $168,640 in San Jose and the surrounding Silicon Valley.

The states with the highest annual pay for pharmacists are:

Source:U.S. Bureau of Labor Statistics (BLS)

As the job market grows more competitive, pharmacists who equip themselves with specialized training and skills can increase their earning potential. Pharmacists can expand their career and salary opportunities by earning board certifications, taking on advisory, managerial, or teaching responsibilities, or switching to in-demand practice settings.

Before accepting a salary offer, pharmacists should check the salary information published by the BLS, Payscale, or other career data providers to find out what compensation is like in a certain geographic location and industry. Pharmacists can leverage their marketability by earning a board certification or gaining experience in a specialty area.

Pharmacist salaries vary widely depending on location, work setting, and specialty areas. Because of changes in the retail landscape, earning potential for retail pharmacists is not as strong as those with specialties in clinical pharmacy, nuclear pharmacy, oncology pharmacy, and other in-demand certifications.

California pays the highest, offering average annual salaries above $146,000. Overall, pharmacists receive the highest pay in the Northern states on the West and East coasts, earning average yearly incomes of at least $130,000.

Pharmacists receive extensive training in pharmaceutical design and medication use and dispensing. They should also possess strong communication skills when instructing patients and caregivers.

Pharmacists must pay attention to detail, avoid errors, and watch for harmful drug interactions. Because pharmacists often spend most of their workday standing, they need physical stamina and high energy levels.