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2023 Pharmacist Salary in Minnesota
On an average, $129,160 per annum is a pharmacist's Salary in Minnesota. In last five years, this salary grew at nearly 5%, whereas pharmacists were employed at a growth rate of over 7.77%. According to BLS, employment rate of pharmacists in Minnesota will remain marginally positive until 2030, opening over 240 job vacancies annually all across the state. Minnesota Retail Pharmacies and Hospitals employ more than 80% of the pharmacists in MN whereas Outpatient Care Centers pay the highest salary. Talking about the cities in Duluth and Mankato-North Mankato pays the lowest annual salary, whereas Rochester is the highest paying city.
Average Salary of Pharmacist in MinnesotaPart time pharmacists make $62.10 per hour in Minnesota, while full time pharmacists earn an average income of $129,160 per annum. There has been a moderate salary growth in last five years, due to the adoption of automation in pharmaceutical sector.
Pharmacist Salary by Experience in MN
The salary of a Pharmacist in MN almost doubles in a working span of 20 years. In Minnesota, a pharmacist starts his career with an annual salary of $99,510 approximately, with 1-4 years of experience, it becomes $122,040 per annum and salary keeps on rising as per the number of working years, after 20+ years of working as a pharmacist, salary becomes $165,590 annually. Working for a longer time frame is certainly rewarding for pharmacists in MN.
|Level of Experience||Hourly||Annual|
|Less than 1 year (Starting)||$47.84||$99,510|
|20 years or more||$79.61||$165,590|
Salary Growth (2017-2021)
Apart from the years 2017 and 2021, when pharmacists' salary grew around 5.09%, there was a good growth noticed in the salary of pharmacists in Minnesota. In 2017, the salary growth at 3.21% and slightly down in 2018, 2019 and 2020. Overall, there was 5.09% growth in last five years, adding $6,260 to a pharmacist's annual income.
|Year||Average Annual Salary||Growth|
Employment Growth (2017-2021)Pharmacists’ employment rate in Minnesota has been quite impressive, despite slow growth in salary. From 2017 to 2021, Minnesota employed pharmacists at a growth rate of 7.77%. Though in 2017, the growth rate was 3.80% and nearly zero in 2019. In 2017 and 2018, pharmacists were employed at growth rate of 3.80% and 3.34% respectively.
Industry Wise Income and Employment (2021)
The largest numbers of 2,630 pharmacists are employed at Retail Pharmacies in Minnesota, making an annual income of $121,840. Hospitals are at second spot in terms of the employment and annual salary of pharmacists at $136,640. Outpatient Care Centers pay the highest salary and lowest is paid by Retail Pharmacies.
|Industry||Employment||Hourly Salary||Annual Salary|
|Other General Merchandise Stores||410||$65.13||$135,470|
|Outpatient Care Centers||150||$74.46||$154,870|
Minnesota Metro Wise - Salary and Employment (2021)
The salary of MN pharmacists can vary substantially based on the job location. Duluth pays the lowest annual salary of $125,320 whereas Rochester pays the highest annual salary at $136,170. Minneapolis-St. Paul-Bloomington hires the largest number of 4,040 pharmacists in the city and pays an annual salary of $128,980. Metro cities in MN can certainly impact the salary of pharmacists.
|AREA_TITLE||Employment||Hourly||Annual||Starting Salary||Experienced Salary|
Pharmacist Employment Outlook in MN (2020-2030)
The top Pharmacist employers in MN, like Fairview Health Services, CentraCare Health, Pediatric Home Services, Hy-Vee, Coborn’s and many others are committed to providing proficient pharmacists to the state of MN. However due to automation of pharmacies and merger of big pharmaceutical companies, may lead to a slow employment rate in the state. Statistics suggests that there will be marginally 2.72% lower employment growth in Minnesota until 2030, providing 240 job vacancies to aspiring pharmacists.
|2020 Employment||2030 Employment||Percent Change||Projected Annual Job Openings|
Pharmacist Minnesota VS Pharmacist NationalDespite a slow salary growth of Minnesota pharmacists, salary is 2.76% better than the national average. Pharmacists in MN earn $129,160 annually, whereas the national average salary is $125,690, representing a difference of 3,470.
|Type||Minnesota Salary||US Salary||Difference||% Difference|