2023 Pharmacist Salary in Michigan
On an average a pharmacist salary in Michigan is $120,780, annually. While unlike a pharmacy technician a pharmacist requires four years of higher education and the cost of pursuing a degree in Pharmacy is quite an investment, the salaries they earn in the state of MI are not proportionate enough, being 3.91% lesser than the national average. Of course, experience and expertise will relatively influence your salary which can range between $49,000 to $159,820. In terms of employment, there is not much of a growth projected, with just 360 pharmacist positions projected to being created every year over a span of 10 years, from 2020 to 2030. Grand Rapids-Wyoming, Ann Arbor and Kalamazoo-Portage are the most favorable places to work in MI as they pay the highest salaries and hire the largest number of pharmacists..
Average Salary of Pharmacist in Michigan
A A pharmacist in MI earns an average annual salary of $120,780, which is 3.91% lower than the national average. These days many pharmacies prefer hiring part-time pharmacists to cut costs and pay them an hourly wage of $58.07.
Pharmacist Salary by Experience in MI
With years of experience, a pharmacist can bring in expertise and skill to the table, unlike a relatively new pharmacist on the job. While, an entry level pharmacist earns an annual salary of $49,000, the salary jumps up to $159,820 with 20 years of work experience.
|Level of Experience||Hourly||Annual|
|Less than 1 year (Starting)||$23.56||$49,000|
|20 years or more||$76.84||$159,820|
Salary Growth (2017-2021)Over the past 5 years, from 2017 to 2021, the salary of a pharmacist has gone up by 5.18%.
|Year||Average Annual Salary||Growth|
Employment Growth (2017-2021)A pharmacist is a huge cost to any pharmacy as the pay scale is much higher than that of a pharmacy technician. Many small pharmacies have been taken over by big pharmacies and consequently pharmacist positions are being cut down in an attempt to save costs. In the last 5 years, the number of pharmacist jobs have increased by 1,120. Pharmacists already on job prefer to stick around for longer and hence, the small number of new jobs being created.
Industry Wise Income and Employment (2021)
As with any other state, in Michigan too retail pharmacies employ the largest number of pharmacists. 4,100 pharmacists work in the various pharmacies in the state, drawing a salary of $113,940. While, Outpatient Care Centers and Hospitals pay the highest salaries, pharmacists working for Retail Pharmacies get paid the least.
|Industry||Employment||Hourly Salary||Annual Salary|
|Other General Merchandise Stores||640||$60.90||$126,680|
|Outpatient Care Centers||240||$69.63||$144,820|
Michigan Metro Wise - Salary and Employment (2021)
Pharmacists working in the most populated cities of Michigan; namely, Detroit, Warren and Dearborn earn an annual salary of $117,970. Catering to a large population, pharmacists are in demand in these cities and they hire 4,940 pharmacists, annually, the largest in the state. If you are looking to work in Flint, you should know the highest salaries in the state come from here.
|AREA_TITLE||Employment||Hourly||Annual||Starting Salary||Experienced Salary|
Pharmacist Employment Outlook in MI (2020-2030)
The employment growth for pharmacists in Michigan from 2020-2030 is projected to be at 6.40% in negetive, which is 1.10% lower than the national growth rate.
|2020 Employment||2030 Employment||Percent Change||Projected Annual Job Openings|
Pharmacist Michigan VS Pharmacist National
Michigan is one of the lowest paying states in the nation for pharmacists and it stands 44th in the list of highest pharmacist salary paying states. A pharmacist in MI draws a salary of $120,780, annually, which is -3.91% lower than the national average.
|Type||Michigan Salary||US Salary||Difference||% Difference|