Embarking on a career as a pharmacist in Alabama offers not only the opportunity to contribute to the well-being of the community but also the promise of financial stability. This article provides an insightful exploration into various facets of pharmacist salaries in Alabama, ranging from average earnings to growth trends, employment outlook, and industry differentials.
Average Salary of Pharmacist in Alabama
If you are contemplating a career as a pharmacist in Alabama, understanding the financial landscape is crucial. Here are some key insights into the average salary of pharmacists in the state:
1. Overall Average Salary:
- Alabama pharmacists earn an average annual income of $126,950.
- This figure aligns closely with the national average.
2. Regional Disparities:
- The city in which you practice significantly influences your income.
- Mobile, Huntsville, and Montgomery emerge as the top-paying cities, offering the highest salaries.
- Tuscaloosa, on the other hand, pays the lowest, with a substantial difference of over $11,820 per annum.
3. National Comparison:
- Alabama pharmacists’ average annual salary is 1.03% more than the national average.
- This statistic positions Alabama as a competitive state for pharmacists in terms of remuneration.
Pharmacist Salary Breakdown by Experience in Alabama
Understanding how experience correlates with salary is vital for aspiring pharmacists. Here’s a breakdown based on different experience levels:
1. Entry-Level (Less than 1 year):
- Annual Salary: $80,230
- Hourly Wage: $38.57
2. 1-4 Years of Experience:
- Annual Salary: $121,020
- Hourly Wage: $58.18
3. 5-9 Years of Experience:
- Annual Salary: $127,270
- Hourly Wage: $61.19
4. 10-19 Years of Experience:
- Annual Salary: $133,650
- Hourly Wage: $64.25
5. 20+ Years of Experience:
- Annual Salary: $162,440
- Hourly Wage: $78.10
This breakdown illustrates the significant salary growth potential as pharmacists accumulate experience in their careers.
Salary Growth and Employment Trends (2017-2021): Insights into the Pharmacist Landscape
1. Salary Growth:
- From 2017 to 2021, Alabama witnessed an average salary growth rate of 5.49% for pharmacists.
- The highest growth was recorded in 2019 at 4.30%, while 2020 showed a marginal decline of 2.58%.
- The total increase in salaries during this period was $6,610.
2. Employment Trends:
- The employment scenario for pharmacists in Alabama experienced a decrease of 1.47% from 2017 to 2021.
- In 2021 alone, the state added 5,350 pharmacists, indicating a 14.32% growth.
- Industry-wise, retail pharmacies employ the largest number of pharmacists, followed by hospitals.
Industry-Wise Income and Employment Breakdown (2021):
1. Retail Pharmacies:
- Employment: 2,160
- Hourly Salary: $57.58
- Annual Salary: $119,760
2. Hospitals:
- Employment: 1,400
- Hourly Salary: $64.57
- Annual Salary: $134,300
3. Grocery Stores:
- Employment: 410
- Hourly Salary: $58.34
- Annual Salary: $121,350
4. Outpatient Care Centers:
- Employment: 120
- Hourly Salary: $73.18
- Annual Salary: $152,220
These figures highlight the diverse employment opportunities within different healthcare sectors for pharmacists in Alabama.
Alabama Metro-Wise Salary and Employment Analysis (2021):
1. Birmingham-Hoover:
- Employment: 1,470
- Hourly Salary: $61.26
- Annual Salary: $127,420
2. Huntsville:
- Employment: 540
- Hourly Salary: $62.22
- Annual Salary: $129,410
3. Mobile:
- Employment: 470
- Hourly Salary: $60.96
- Annual Salary: $126,800
4. Montgomery:
- Employment: 470
- Hourly Salary: $62.89
- Annual Salary: $130,800
5. Tuscaloosa:
- Employment: 300
- Hourly Salary: $57.20
- Annual Salary: $118,980
6. Others:
- Daphne-Fairhope-Foley, Dothan, Auburn-Opelika, Florence-Muscle Shoals, Decatur, Anniston-Oxford-Jacksonville, Gadsden.
These figures provide a comprehensive understanding of the varying salaries and employment opportunities across different cities in Alabama.
Pharmacist Employment Outlook in Alabama (2020-2030):
1. Projected Growth:
- Alabama aims for a growth rate of 1.88% in pharmacist employment until 2030.
- This equates to an estimated addition of 190 pharmacists annually.
2. Comparison with National Growth:
- Alabama’s growth rate is 1.6% lower than the national average.
- Prominent employers in the state include Winn-Dixie Pharmacy, Walgreens, Walmart, and CVS Health Retail.
Pharmacist Alabama vs. Pharmacist National: A Comparative Analysis:
1. Hourly Wage:
- Alabama: $61.03
- US: $60.43
- Difference: $0.61
- Percentage Difference: 1.00%
2. Monthly Salary:
- Alabama: $10,580
- US: $10,470
- Difference: $110
- Percentage Difference: 1.05%
3. Annual Salary:
- Alabama: $126,950
- US: $125,690
- Difference: $1,260
- Percentage Difference: 1.00%
This comparative analysis reinforces Alabama’s competitiveness in pharmacist salaries, with marginal variations from the national averages.
Conclusion
In conclusion, the landscape of pharmacist salaries in Alabama is dynamic and promising. With steady growth, diverse employment opportunities, and competitive salaries, the state provides an ideal environment for those aspiring to embark on a fulfilling career in pharmaceuticals. As the industry evolves and embraces technological advancements, pharmacists in Alabama can anticipate continued growth and prosperity in the years to come.
FAQs:
Q1: What is the average annual salary for pharmacists in Alabama?
The average annual salary for pharmacists in Alabama is $126,950.
Q2: How does the salary growth in Alabama compare from 2017 to 2021?
From 2017 to 2021, Alabama experienced an average salary growth rate of 5.49%, with variations in individual years.
Q3: Which cities in Alabama offer the highest annual salaries for pharmacists?
Mobile, Huntsville, Birmingham-Hoover, and Montgomery are the cities in Alabama that offer the highest annual salaries for pharmacists.
Keynotes:
- Regional disparities significantly impact pharmacist salaries in Alabama.
- Experience plays a pivotal role in salary growth, with significant increases observed over the years.
- Employment trends indicate growth in certain years but a slight decline in overall employment from 2017 to 2021.
- Industry-wise variations showcase diverse opportunities for pharmacists in different healthcare sectors.
- The employment outlook in Alabama is positive, with a projected growth rate slightly below the national average.
- The comparative analysis highlights Alabama’s competitiveness in pharmacist salaries compared to the national averages.
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