Pharmacist Hourly Pay in Franklin, NJ: $80.57 (2026)
Quick Answer:Hourly pay for a pharmacist working in Franklin, NJ runs $80.57 at the median for 2026 — annualizing to $167,580 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Franklin's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $69.94 nationally would. A 24-hour part-time schedule grosses $100,549 per year.
Based on BLS state-level estimates · View source
Pharmacists in Franklin, NJ, earn a median hourly pay of $80.57, significantly higher than the national median of $68.99. This figure suggests attractive compensation for both full-time and part-time pharmacists who work in various settings, including retail counters of major chains like CVS and Walgreens, as well as hospital inpatient pharmacies and specialty operations. For part-time pharmacists working three days a week, typically totaling around 24 hours, the earnings can be substantial, making it an appealing option for many. The hourly pay range in this locality varies from $56.94 at the entry-level (P10) to as high as $97.38 for the top earners (P90), providing a clear incentive for skilled professionals to consider roles in the diverse pharmacy landscape across Franklin.
About the Franklin Market
Salary estimated from New Jersey average ($140,000) adjusted for local cost of living.
Pharmacist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $56.94 | $455.55 |
| Lower Range (P25) | $73.50 | $588.01 |
| Median (P50) | $80.57 | $644.54 |
| Upper Range (P75) | $91.80 | $734.40 |
| Top Earners (P90) | $97.38 | $779.04 |
Estimated Annual Income by Work Schedule in Franklin
Based on $80.57/hr median hourly rate · 2026 est.
At $80.57/hr, a pharmacist working full-time (40 hr/wk) in Franklin, NJ can expect to earn approximately $167,581 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $96,681. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Franklin.
Hourly Rate Calculator
Schedule Comparison in Franklin
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $3,222.72 | $13,965 | $167,581 |
| Part-Time (24 hrs) | $1,933.63 | $8,379 | $100,549 |
| Per Diem (16 hrs) | $1,289.09 | $5,586 | $67,032 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Franklin) | $80.57 |
| 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 Franklin, NJ earn a median of $167,580 per year (2026 est.), which is 16.79% higher than the national median of $143,489 and 1.40% above the New Jersey state average of $165,266.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $80.57/hr = $100,549/year (purchasing power: $87,282).
Working 40h/week (full-time) = $167,581/year (purchasing power: $145,470).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$71.92/hr
2025 BLS Actual
$79.12/hr
2026 Current Est.
$80.57/hr
2019–2027 Growth
+14.1%
Hourly Rate Trajectory for Pharmacists in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $71.92/hr | Actual |
| 2020 | $72.27/hr | Actual |
| 2021 | $72.19/hr | Actual |
| 2022 | $74.54/hr | Actual |
| 2023 | $76.38/hr | Actual |
| 2024 | $78.61/hr | Actual |
| 2025 | $79.12/hr | Actual |
| 2026(current) | $80.57/hr | Estimated |
| 2027 | $82.04/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Franklin grew 10.0% from $71.92/hr (2019) to $79.12/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $82.04/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 Franklin 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 Franklin
Considering the financial implications of working as a part-time pharmacist in Franklin, those on a three-day work schedule can bring home a considerable income compared to full-time positions. However, the nature of per diem roles can further influence earnings, with retail pharmacists in these positions typically billing between $55 and $75 per hour. In hospital settings, the variation expands, with clinical pharmacy per diem roles paying from $60 to $85 per hour, and specialized positions in oncology or critical care drawing between $70 and $95. This fluctuation highlights the stark differences in pharmacist hourly pay across different employer types in Franklin, influenced heavily by the ongoing consolidation in the retail pharmacy market. Many pharmacists opt for slightly lower hourly rates in exchange for benefits like health insurance, while those willing to accept higher rates without benefits might find varied opportunities across ambulatory care clinics and managed care PBM roles. With a competitive job landscape, negotiating effectively for hourly wages while weighing benefits is crucial for pharmacists looking to thrive in Franklin.
More salary data for Franklin, NJ:
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 Franklin. 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 Franklin 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