{"id":49829,"date":"2022-03-17T09:30:48","date_gmt":"2022-03-17T13:30:48","guid":{"rendered":"https:\/\/www.singlecare.com\/blog\/?p=49829"},"modified":"2022-10-06T14:53:43","modified_gmt":"2022-10-06T18:53:43","slug":"pharmacist-salary","status":"publish","type":"post","link":"https:\/\/www.singlecare.com\/blog\/pharmacist-salary\/","title":{"rendered":"What is the average pharmacist salary?"},"content":{"rendered":"

Average pharmacist salary<\/a> | Factors that affect salary<\/a> | How to make more money<\/a> | Is becoming a pharmacist worth the money?<\/a><\/span><\/p>\n

Pharmacists are vital parts of the community and your healthcare team. With years of education under their belts, pharmacists are the go-to experts for all things medications\u2014including prescription and over-the-counter drugs. Not only do pharmacists dispense drugs, but they are critical in making sure that prescribed medications are safe for patients. Because of this extensive training and knowledge, pharmacists are compensated with higher-than-average salaries.\u00a0<\/span><\/p>\n

Most people understand that working as a pharmacist can be a well-paying job. But how much do pharmacists make exactly? Continue reading to learn more about the average pharmacist salary and how it can vary across the states.\u00a0<\/span><\/p>\n

What is the average salary for a pharmacist?<\/h2>\n

The average pharmacist salary is around $125,000 as of 2020; although, different sources may give different data. That comes out to around $60 per hour. Most pharmacists work full time, which is calculated by the <\/span>Bureau of Labor Statistics<\/span><\/a> (BLS) to be 2,080 hours per year.<\/span><\/p>\n

Nationally, pharmacists make more on average than their healthcare colleagues and people in general. According to the BLS, pharmacists made a <\/span>median salary<\/span><\/a> of $128,710\u00a0 in 2020. In contrast, \u201chealthcare diagnosing or treating practitioners,\u201d which includes respiratory therapists, registered nurses, and surgical technologists, made a median annual wage of $84,430. The median annual wage for all workers in the United States was $41,950 that year.\u00a0<\/span><\/p>\n

The median annual wage is the midpoint annual wage for all salaries in a given profession. Half of all workers make an annual wage higher than the median annual wage while half of all workers make an annual wage less than the median annual wage.\u00a0<\/span><\/p>\n

RELATED: <\/b>What are standard salaries for pharmacy technicians?<\/b><\/a><\/p>\n

Factors that affect salary<\/h2>\n

The average pharmacist salary is not cut and dried. Different factors can affect a pharmacist\u2019s salary, such as practice setting, years of experience, and location. Let\u2019s take a closer look at the different factors in play.\u00a0<\/span><\/p>\n

Practice setting<\/span><\/h3>\n

The practice setting, or career path, a pharmacist pursues can have an impact on salary. An analysis of BLS data conducted by the <\/span>Drug Channels Institute<\/span><\/a> found that those working in outpatient care centers earned the highest average pharmacy salary while those working in home healthcare services earned the least. Overall, those working in non-retail pharmacies earned more than those working in retail pharmacies.<\/span><\/p>\n