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Pharmacist Salary in New Haven, CT

How much does a pharmacist make in New Haven? Explore median, entry-level, and senior salaries adjusted for New Haven's cost of living.

Median Salary
$132,730
per year in New Haven
Entry Level
$86,122
Starting salary
Senior Level
$177,311
Experienced professionals
Cost of Living
118
18% above national avg

Salary Breakdown by Experience Level

See how pharmacist salaries break down across different pay periods in New Haven.

PeriodEntry LevelMedianSenior
Annual$86,122$132,730$177,311
Monthly$7,177$11,061$14,776
Biweekly$3,312$5,105$6,820
Weekly$1,656$2,553$3,410
Hourly$41$64$85

New Haven vs National Average

How New Haven's pharmacist salaries compare to national figures.

New Haven Salary
$132,730
COL Index: 118
National Average
$152,660
COL Index: 100
Difference
-$19,930
Lower in New Haven

Cost of Living in New Haven

1-Bedroom Rent
$1,450
per month
Median Income
$42,168
per year
Population
134,023
residents
Rent % of Income
41.3%
median household
Cost of Living Index: 118 — A score of 100 represents the U.S. average. Salaries in New Haven have been adjusted to account for local cost differences.

About Pharmacist

Overview

Dispense medications and advise patients on medication use and side effects.

Education

Doctor of Pharmacy (PharmD); licensure required

Key Skills

PharmacologyPatient CounselingMedication ManagementCompliance

Growth Rate

Expected job growth: +12% over the next decade

Compare Cities: Pharmacist Salary

See Pharmacist salaries in other top cities.

New York, NY
$135,720
+2%
Los Angeles, CA
$158,450
+19%
Chicago, IL
$137,610
+4%
Houston, TX
$139,010
+5%
Phoenix, AZ
$136,870
+3%

Financial Tools to Explore

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Pharmacist Salary in New Haven, CT — Complete Guide

Median Salary Overview

The median salary for a pharmacist in New Haven, CT is $132,730 per year, adjusted for the local cost of living index of 118. This figure reflects typical earnings for experienced professionals in this role, considering New Haven's unique economic conditions.

Salary Range and Experience Levels

Entry-level pharmacist professionals in New Haven can expect to earn around $86,122 annually. As professionals gain experience, salaries typically increase, with senior-level pharmacists earning approximately $177,311 per year. This represents a 106% increase from entry to senior level.

Cost of Living Adjustment

New Haven's cost of living index of 118 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in New Haven are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $152,660, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a pharmacist's salary in New Haven typically goes toward housing. With a 1-bedroom apartment averaging $1,450 per month, housing represents about 13.1% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Pharmacists are in growing demand across the United States, with an expected job growth of 12% over the next decade. In New Haven, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.