2021 Pharmacist Salary in Minnesota
On an average, $130,290 per annum is a pharmacist's Salary in Minnesota. In last five years, this salary grew at nearly 7%, whereas pharmacists were employed at a growth rate of over 27%. According to BLS, employment rate of pharmacists in Minnesota will remain marginally positive until 2028, opening over 320job vacancies annually all across the state. Minnesota Retail Pharmacies and Hospitals employ more than 80% of the pharmacists in MN whereas General Merchandise Stores pay the highest salary. Talking about the cities in Minnesota, Minneapolis-St. Paul-Bloomington pays the lowest annual salary, whereas Mankato-North Mankato is the highest paying city.
Average Salary of Pharmacist in MinnesotaPart time pharmacists make $62.64 per hour in Minnesota, while full time pharmacists earn an average income of $130,290 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 $103,700 approximately, with 1-4 years of experience, it becomes $118,790 per annum and salary keeps on rising as per the number of working years, after 20+ years of working as a pharmacist, salary becomes $163,620 annually. Working for a longer time frame is certainly rewarding for pharmacists in MN.
|Level of Experience||Hourly||Annual|
|Less than 1 year (Starting)||$49.86||$103,700|
|20 years or more||$78.67||$163,620|
Apart from the years 2015 and 2019, when pharmacists' salary grew around 6.90%, there was a good growth noticed in the salary of pharmacists in Minnesota. In 2017, the salary growth at 3.11% and slightly down in 2018 and 2019. Overall, there was 6.90% growth in last five years, adding $8,410 to a pharmacist's annual income.
|Year||Average Annual Salary||Growth|
Employment GrowthPharmacists’ employment rate in Minnesota has been quite impressive, despite slow growth in salary. From 2015 to 2019, Minnesota employed pharmacists at a growth rate of 27.59%. Though in 2015, the growth rate was 6% and nearly 10% in 2016. In 2017 and 2018, pharmacists were employed at growth rate of 3.66% and 3.24% respectively.
Industry Wise Income and Employment
The largest numbers of 2,800 pharmacists are employed at Retail Pharmacies in Minnesota, making an annual income of $128,330. Hospitals are at second spot in terms of the employment and annual salary of pharmacists at $132,220. General Merchandise Stores pay the highest salary and lowest is paid by Department Stores.
|Industry||Employment||Hourly Salary||Annual Salary|
|Other General Merchandise Stores||370||$64.40||$133,950|
Minnesota Metro Wise - Salary and Employment
The salary of MN pharmacists can vary substantially based on the job location. Minneapolis-St. Paul-Bloomington pays the lowest annual salary of $128,620 whereas Mankato-North Mankato pays the highest annual salary at $145,440. Minneapolis-St. Paul-Bloomington hires the largest number of 3,900 pharmacists in the city and pays an annual salary of $128,620. Metro cities in MN can certainly impact the salary of pharmacists.
|Area Name||Employment||Hourly||Annual||Starting Salary||Experienced Salary|
Pharmacist Employment Outlook in MN
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% of employment growth in Minnesota until 2028, providing 320 job vacancies to aspiring pharmacists.
|2018 Employment||2028 Employment||Percent Change||Projected Annual Job Openings|
Pharmacist Minnesota VS Pharmacist NationalDespite a slow salary growth of Minnesota pharmacists, salary is 3.67% better than the national average. Pharmacists in MN earn $130,290 annually, whereas the national average salary is $125,510, representing a difference of $4,780.
|Type||Minnesota Salary||US Salary||Difference||% Difference|