Pharmacist Hourly Pay in Parsippany-Troy Hills, NJ: $80.43 (2026)
Quick Answer:Hourly pay for a pharmacist working in Parsippany-Troy Hills, NJ runs $80.43 at the median for 2026 — annualizing to $167,291 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Parsippany-Troy Hills's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $69.81 nationally would. A 24-hour part-time schedule grosses $100,371 per year.
Based on BLS state-level estimates · View source
In 2026, pharmacists in Parsippany-Troy Hills, NJ, can expect a median hourly pay of $80.43, significantly higher than the national median of $68.99. This rate translates well for part-time professionals working three days a week, allowing them to earn a solid income while maintaining flexibility. Typical settings for pharmacists, such as retail pharmacy counters and inpatient pharmacy units, offer diverse opportunities where part-time and per-diem work is common. Entry-level positions may start near $53.94 per hour, while top earners can reach approximately $97.14, illustrating the earning potential within this profession. Ultimately, the hourly rates presented here draw from estimated annual salary data, highlighting the appeal of pharmacist hourly pay in Parsippany-Troy Hills.
About the Parsippany-Troy Hills 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) | $53.94 | $431.51 |
| Lower Range (P25) | $71.44 | $571.55 |
| Median (P50) | $80.43 | $643.40 |
| Upper Range (P75) | $91.34 | $730.73 |
| Top Earners (P90) | $97.14 | $777.09 |
Estimated Annual Income by Work Schedule in Parsippany-Troy Hills
Based on $80.43/hr median hourly rate · 2026 est.
At $80.43/hr, a pharmacist working full-time (40 hr/wk) in Parsippany-Troy Hills, NJ can expect to earn approximately $167,285 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $96,510. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Parsippany-Troy Hills.
Hourly Rate Calculator
Schedule Comparison in Parsippany-Troy Hills
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $3,217.01 | $13,940 | $167,285 |
| Part-Time (24 hrs) | $1,930.21 | $8,364 | $100,371 |
| Per Diem (16 hrs) | $1,286.81 | $5,576 | $66,914 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Parsippany-Troy Hills) | $80.43 |
| 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 Parsippany-Troy Hills, NJ earn a median of $167,291 per year (2026 est.), which is 16.59% higher than the national median of $143,489 and 1.20% above the New Jersey state average of $165,308.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $80.43/hr = $100,371/year (purchasing power: $87,127).
Working 40h/week (full-time) = $167,285/year (purchasing power: $145,212).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$71.79/hr
2025 BLS Actual
$78.98/hr
2026 Current Est.
$80.43/hr
2019–2027 Growth
+14.1%
Hourly Rate Trajectory for Pharmacists in Parsippany-Troy Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $71.79/hr | Actual |
| 2020 | $72.14/hr | Actual |
| 2021 | $72.06/hr | Actual |
| 2022 | $74.41/hr | Actual |
| 2023 | $76.24/hr | Actual |
| 2024 | $78.47/hr | Actual |
| 2025 | $78.98/hr | Actual |
| 2026(current) | $80.43/hr | Estimated |
| 2027 | $81.90/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Parsippany-Troy Hills grew 10.0% from $71.79/hr (2019) to $78.98/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $81.90/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 Parsippany-Troy Hills 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 Parsippany-Troy Hills
When considering the financial landscape for pharmacists, part-time work yields different outcomes. A pharmacist working 24 hours per week could expect to earn about $99,400 annually, a noteworthy figure compared to full-time salaries. For those seeking additional flexibility through per diem roles, pay rates typically range from $55 to $95 per hour depending on the setting. Retail pharmacists may find that pay has compressed, while hospital clinical pharmacy positions can attract higher rates. It's important to recognize that healthcare employers in Parsippany-Troy Hills vary significantly. While some may offer higher hourly rates, they might lack benefits, prompting pharmacists to weigh these trade-offs. Negotiating pay effectively can hinge on understanding local market conditions and emphasizing skills relevant to critical areas like hospital practice and specialty pharmacy roles.
More salary data for Parsippany-Troy Hills, NJ:
Frequently Asked Questions
What is the hourly rate for pharmacists in Parsippany-Troy Hills in 2026?
How much do part-time pharmacists make in Parsippany-Troy Hills?
Are pharmacists in Parsippany-Troy Hills paid hourly or salary?
How much does a full-time pharmacist make per year in Parsippany-Troy Hills?
Do pharmacists earn more per hour working part-time in Parsippany-Troy Hills?
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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 Parsippany-Troy Hills. 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 Parsippany-Troy Hills 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