What Is the Hourly & Yearly Salary of a Pharmacist?
A variety of factors affect individual salaries for pharmacists. According the "Salary Survey for Job: Pharmacist (United States)" at payscale.com, factors affecting pharmacist pay rates include experience, the community hosting the practice and the region where the pharmacist practices.
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Average Annual
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For 2008, pharmacists reported annual salaries that averaged $112,135 nationwide. This figure represented an approximately 4.41-percent increase over the average from the preceding year.
Average Hourly
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Pharmacists reported earnings that averaged $54 an hour nationwide. Regardless of whether pharmacists reported earnings in annual or hourly form, pharmacists reported an average work week of 43 hours.
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Experience
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Compared to less experienced pharmacists, 5 percent of the surveyed pharmacists with over five years of experience reported "much higher" salaries, and 33 percent reported higher salaries.
Practice Location
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Community environment also affected salary levels for pharmacists. On an annualized basis, pharmacists employed in suburban settings averaged earnings about $1,500 higher than those practicing in rural settings.
Region
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Pharmacists in the Southwest reported the highest annualized salaries at $115,500, while pharmacists in the Midwest reported the lowest annualized salaries at $104,000.
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References
- Photo Credit Image by Flickr.com, courtesy of Jackie
