2022 Pharmacist Salary in Minnesota

On an average, $130,690 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 23%. 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 Outpatient Care Centers pay the highest salary. Talking about the cities in Minnesota, Duluth pays the lowest annual salary, whereas Rochester is the highest paying city.

Average Salary of Pharmacist in Minnesota

Part time pharmacists make $62.83 per hour in Minnesota, while full time pharmacists earn an average income of $130,690 per annum. There has been a moderate salary growth in last five years, due to the adoption of automation in pharmaceutical sector.

Type Average Salary
Hourly Wage $62.83
Monthly Salary $10,890
Annual Salary $130,690

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 $97,430 approximately, with 1-4 years of experience, it becomes $117,240 per annum and salary keeps on rising as per the number of working years, after 20+ years of working as a pharmacist, salary becomes $167,170 annually. Working for a longer time frame is certainly rewarding for pharmacists in MN.

Level of Experience Hourly Annual
Less than 1 year (Starting) $46.84 $97,430
1-4 years $56.37 $117,240
5-9 years $65.91 $137,090
10-19 years $74.70 $155,380
20 years or more $80.37 $167,170

Salary Growth (2016-2020)

Apart from the years 2015 and 2019, when pharmacists' salary grew around 7.00%, 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 7.00% growth in last five years, adding $8,550 to a pharmacist's annual income.

Year Average Annual Salary Growth
2016 $122,900 0.62%
2017 $126,840 3.21%
2018 $129,080 1.77%
2019 $130,290 0.94%
2020 $130,690 0.31%
Total $8,550 7.00%

Employment Growth (2016-2020)

Pharmacists’ employment rate in Minnesota has been quite impressive, despite slow growth in salary. From 2015 to 2020, Minnesota employed pharmacists at a growth rate of 23.49%. Though in 2016, the growth rate was 11% and nearly 10% in 2016. In 2017 and 2018, pharmacists were employed at growth rate of 3.80% and 3.34% respectively.

Year Employment Growth
2016 6,050 11.01%
2017 6,280 3.80%
2018 6,490 3.34%
2019 6,520 0.46%
2020 6,730 3.22%
Total 1,280 23.49%

Industry Wise Income and Employment (2021)

The largest numbers of 2,880 pharmacists are employed at Retail Pharmacies in Minnesota, making an annual income of $127,980. Hospitals are at second spot in terms of the employment and annual salary of pharmacists at $133,660. Outpatient Care Centers pay the highest salary and lowest is paid by Retail Pharmacies.

Industry Employment Hourly Salary Annual Salary
Retail Pharmacies 2,880 $61.53 $127,980
Hospitals 1,680 $64.26 $133,660
Grocery Stores 540 $62.15 $129,290
Other General Merchandise Stores 160 $62.33 $129,660
Outpatient Care Centers 150 $73.69 $153,260

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 $128,510 whereas Rochester pays the highest annual salary at $137,800. Minneapolis-St. Paul-Bloomington hires the largest number of 4,100 pharmacists in the city and pays an annual salary of $129,890. Metro cities in MN can certainly impact the salary of pharmacists.

Area Name Employment Hourly Annual Starting Salary Experienced Salary
Minneapolis-St. Paul-Bloomington 4,100 $62.45 129,890 98,880 166,470
Duluth 350 $61.78 128,510 38,740 167,570
St. Cloud 280 $64.79 134,760 109,020 170,530
Mankato-North Mankato 90 $65.97 137,210 108,660 177,370
Rochester N/A $66.25 137,800 103,440 170,850

Pharmacist Employment Outlook in MN (2018-2028)

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 EmploymentPercent ChangeProjected Annual Job Openings
United States321,700311,200-3.26%11,200

Pharmacist Minnesota VS Pharmacist National

Despite a slow salary growth of Minnesota pharmacists, salary is 4.17% better than the national average. Pharmacists in MN earn $130,690 annually, whereas the national average salary is $125,460, representing a difference of $5,230.
TypeMinnesota SalaryUS SalaryDifference% Difference
Hourly Wage$62.83 $60.32 2.514.17%
Monthly Salary$10,890 $10,460 4304.11%
Annual Salary $130,690 $125,460 5,2304.17%

National Figures

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