Pharmacist Hourly Pay in Peabody, MA: $68.09 (2026)
Quick Answer:Hourly pay for a pharmacist working in Peabody, MA runs $68.09 at the median for 2026 — annualizing to $141,625 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Peabody's regional price level (BEA RPP 108.5, 9% above national), each hour of work buys what $62.76 nationally would. A 24-hour part-time schedule grosses $84,981 per year.
Based on BLS state-level estimates · View source
In Peabody, Massachusetts, the pharmacist hourly pay is projected to be $68.09 in 2026, placing it slightly below the national hourly median of $68.99. This compensation reflects the city's unique employment landscape, where pharmacists typically work in settings such as retail pharmacy counters, hospital inpatient pharmacies, and specialty pharmacy environments. For part-time employees working three days a week, this hourly rate translates to a significant income, making it a viable option for those seeking employment flexibility. The hourly range for pharmacists in Peabody spans from $46.71 at the 10th percentile to $87.34 at the 90th percentile. These projections indicate that pharmacists can achieve substantial earnings, depending on their experience and the specific sector they operate within, reinforcing the value of this role in the healthcare community.
About the Peabody Market
Salary estimated from Massachusetts average ($148,000) adjusted for local cost of living.
Pharmacist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $46.71 | $373.68 |
| Lower Range (P25) | $63.65 | $509.23 |
| Median (P50) | $68.09 | $544.75 |
| Upper Range (P75) | $76.52 | $612.12 |
| Top Earners (P90) | $87.34 | $698.72 |
Estimated Annual Income by Work Schedule in Peabody
Based on $68.09/hr median hourly rate · 2026 est.
At $68.09/hr, a pharmacist working full-time (40 hr/wk) in Peabody, MA can expect to earn approximately $141,635 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $81,712. With a cost-of-living index of 108.50 (above the national average), these earnings may be offset by higher expenses in Peabody.
Hourly Rate Calculator
Schedule Comparison in Peabody
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,723.75 | $11,803 | $141,635 |
| Part-Time (24 hrs) | $1,634.25 | $7,082 | $84,981 |
| Per Diem (16 hrs) | $1,089.50 | $4,721 | $56,654 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Peabody) | $68.09 |
| Pharmacy Technician (National Avg) | $19.27 |
| Registered Nurse (National Avg) | $42.80 |
| Physician Assistant (National Avg) | $63.17 |
| Nurse Practitioner (National Avg) | $60.81 |
Pharmacists in Peabody, MA earn a median of $141,625 per year (2026 est.), which is 1.30% lower than the national median of $143,489 and 0.10% above the Massachusetts state average of $141,484.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $68.09/hr = $84,981/year (purchasing power: $78,323).
Working 40h/week (full-time) = $141,635/year (purchasing power: $130,539).
CoL index: 108.5 (100 = national average).
2019 BLS Actual
$60.79/hr
2025 BLS Actual
$66.87/hr
2026 Current Est.
$68.09/hr
2019–2027 Growth
+14.1%
Hourly Rate Trajectory for Pharmacists in Peabody (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $60.79/hr | Actual |
| 2020 | $61.08/hr | Actual |
| 2021 | $61.01/hr | Actual |
| 2022 | $63.00/hr | Actual |
| 2023 | $64.55/hr | Actual |
| 2024 | $77.28/hr | Actual |
| 2025 | $66.87/hr | Actual |
| 2026(current) | $68.09/hr | Estimated |
| 2027 | $69.34/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Peabody grew 10.0% from $60.79/hr (2019) to $66.87/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $69.34/hr by 2027. Part-time and per-diem pharmacists can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Peabody metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 1.83% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Pharmacist in Peabody
The financial dynamics of part-time pharmacists in Peabody can be quite favorable. A part-time pharmacist working 24 hours per week could anticipate an annual take-home amount that exceeds expectations versus full-time counterparts, which is often a draw for many. Additionally, per diem pharmacist pay in Peabody varies significantly based on the realm of practice. For example, retail pharmacists may bill between $55-$75 per hour, while those engaged in hospital settings typically require $60-$85 for their expertise. In specialty care, particularly in oncology or critical care, per diem rates can rise to $70-$95 per hour. Notably, pharmacist positions in retail chains may offer lower hourly rates due to demand for benefits, while those seeking higher compensation may opt for roles without such perks. Conducting effective negotiations based on these specifics, along with understanding the competitive landscape in Peabody's pharmacy market, can provide practitioners with a solid footing when discussing their pay.
More salary data for Peabody, MA:
Frequently Asked Questions
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Written by Sofia Chen, PharmD
Career Analyst
Sofia Chen has 10 years of experience in community pharmacy. She specializes in medication therapy management.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 1.83% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for pharmacists in Peabody. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Peabody is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 1.83%, derived from historical BLS wage trends for pharmacists (SOC 29-1051).
Compiled and verified by Sofia Chen, PharmD, a licensed pharmacist with 10+ years of clinical experience. · View source data at BLS.gov