How Much Does a Pharmacist Make?

As a Pharmacist, you’re the know-it-all (in a good way) behind the pharmacy counter, and you’re a great help when it comes to medicines, medical advice, and counseling on medications prescribed by treating Physicians. Working in an independently owned pharmacy, a retail superstore, or a chain drugstore, you dispense medications, and sometimes even make them yourself by mixing different ingredients. Typically, you also supervise Pharmacy Technicians who assist in your daily activities.

How much do Pharmacists make?

This may come as a surprise to some, but Pharmacist income is higher than what is expected. The U.S. Bureau of Labor Statistics reports that the average Pharmacist salary is $106,410 annually. The highest-paid Pharmacists earn more than $131,440 per year, and even the lowest-paid Pharmacists are paid $77,390. Pharmacists in the middle of the pack are paid between $92,670 and $121,310, which means you have an outstanding chance of earning a salary near the six-figure range.

What factors determine Pharmacist salary?

As with all fields, experience and location play large roles in determining Pharmacist income. When working in a small, locally owned pharmacy, the salary is likely to be less than that of Pharmacists employed by large establishments or hospitals. Many Pharmacists choose to open their own pharmacy, which will likely increase their earnings as the business grows and expands. The trade-off is that earnings are often lower in the beginning years.

Is Pharmacist salary dependable?

The aging population in the United States means more people are going to need medication and advice on their healthcare needs. Estimates show that the pharmacy field is expected to grow at a faster-than-average rate — by as much as 17 percent by 2018. The limited amount of space in Pharmacist training programs also increases your chances of finding a position and being paid well for your efforts.

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