Geographic Arbitrage

Best Cities for Pharmacists Salaries

Nominal salary vs cost-of-living-adjusted purchasing power. They are often very different.

Nominal salary tells you how much money you receive. Cost-of-living-adjusted salary tells you how much that money can actually buy. A $200,000 salary in San Francisco and a $140,000 salary in Austin can provide nearly identical purchasing power. Tax differences are not included.

Where Should I Live?

Nominal vs COL-Adjusted Salary

#LocationMedian (Nominal)COL IndexAdjustedCOL Rank
1 FRESNO, CA $143,364 138.5 $103,512 #22 (-21)
2 Yuma, AZ $134,160 108.4 $123,764 #5 (-3)
3 Yakima, WA $128,180 114.6 $111,850 #17 (-14)
4 Bakersfield, CA $126,880 138.5 $91,610 #27 (-23)
5 Santa Maria, CA $123,323 138.5 $89,042 #28 (-23)
6 EL PASO, TX $122,200 92.7 $131,823 #1 (+5)
7 Porterville, CA $121,597 138.5 $87,796 #29 (-22)
8 Fredericksburg, VA $117,000 100.7 $116,187 #14 (-6)
9 Saginaw, MI $115,960 90.6 $127,991 #2 (+7)
10 Phoenix, AZ $115,770 108.4 $106,799 #21 (-11)
11 Flint, MI $115,629 90.6 $127,626 #3 (+8)
12 Bridgeport, CT $114,546 112.8 $101,548 #23 (-11)
13 Kissimmee, FL $114,400 102.8 $111,284 #18 (-5)
14 New Haven, CT $114,400 112.8 $101,418 #24 (-10)
15 Louisville, KY $114,366 92.9 $123,107 #6 (+9)
16 Orlando, FL $113,225 102.8 $110,141 #19 (-3)
17 Washington, DC $112,923 146.0 $77,345 #30 (-13)
18 Detroit, MI $112,320 90.6 $123,974 #4 (+14)
19 Irving, TX $110,760 92.7 $119,482 #7 (+12)
20 San Antonio, TX $110,500 92.7 $119,202 #8 (+12)
21 Houston, TX $110,000 92.7 $118,662 #9 (+12)
22 Lubbock, TX $109,834 92.7 $118,484 #11 (+11)
23 Baltimore, MD $108,888 116.5 $93,466 #26 (-3)
24 DALLAS, TX $107,994 92.7 $116,498 #13 (+11)
25 Philadelphia, PA $107,224 95.6 $112,159 #16 (+9)
26 Indianapolis, IN $107,203 91.0 $117,806 #12 (+14)
27 Nashville, TN $107,078 90.3 $118,580 #10 (+17)
28 Fort Worth, TX $106,350 92.7 $114,725 #15 (+13)
29 Milwaukee, WI $104,500 95.1 $109,884 #20 (+9)
30 Miami, FL $104,166 102.8 $101,329 #25 (+5)

Key Insights

  • The highest nominal salary for Pharmacists is in FRESNO, CA at $143,364, but after cost-of-living adjustment EL PASO, TX offers the best purchasing power at $131,823 equivalent.
  • Hidden gem: Nashville, TN ranks #27 by nominal pay but climbs to #10 once cost of living is factored in (up 17 spots), making its $107,078 go a lot further.
  • Beware: Bakersfield, CA looks strong at #4 on nominal pay ($126,880) but its high cost of living drops it 23 spots to #27 on purchasing power.
Salary Check

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