Pharmacist Hourly Pay in Summit, NJ: $74.06 (2026)
Quick Answer:Hourly pay for a pharmacist working in Summit, NJ runs $74.06 at the median for 2026 — annualizing to $154,044 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Summit's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $64.29 nationally would. A 24-hour part-time schedule grosses $92,428 per year.
Based on BLS state-level estimates · View source
Pharmacists in Summit, NJ, earn a median hourly pay of $74.06, significantly higher than the national hourly median of $68.99. This competitive rate can provide lucrative opportunities for both full-time and part-time pharmacists, particularly those working in various settings like retail pharmacy counters, hospital pharmacies, and specialty clinics. For part-time pharmacists working three days a week, the income can be quite appealing, and many per-diem pharmacists can also thrive, given the flexibility and varied pay rates in different environments. Hourly earnings vary widely, with entry-level pharmacists beginning around $57.87 and experienced professionals reaching up to $86.74, allowing for a range of earnings based on experience and location within Summit.
About the Summit 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) | $57.87 | $462.96 |
| Lower Range (P25) | $71.28 | $570.25 |
| Median (P50) | $74.06 | $592.49 |
| Upper Range (P75) | $80.46 | $643.65 |
| Top Earners (P90) | $86.74 | $693.91 |
Estimated Annual Income by Work Schedule in Summit
Based on $74.06/hr median hourly rate · 2026 est.
At $74.06/hr, a pharmacist working full-time (40 hr/wk) in Summit, NJ can expect to earn approximately $154,047 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $88,873. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Summit.
Hourly Rate Calculator
Schedule Comparison in Summit
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,962.44 | $12,837 | $154,047 |
| Part-Time (24 hrs) | $1,777.46 | $7,702 | $92,428 |
| Per Diem (16 hrs) | $1,184.98 | $5,135 | $61,619 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Summit) | $74.06 |
| 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 Summit, NJ earn a median of $154,044 per year (2026 est.), which is 7.36% higher than the national median of $143,489 and 6.80% below the New Jersey state average of $165,284.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $74.06/hr = $92,428/year (purchasing power: $80,233).
Working 40h/week (full-time) = $154,047/year (purchasing power: $133,721).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$66.11/hr
2025 BLS Actual
$72.73/hr
2026 Current Est.
$74.06/hr
2019–2027 Growth
+14.1%
Hourly Rate Trajectory for Pharmacists in Summit (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $66.11/hr | Actual |
| 2020 | $66.43/hr | Actual |
| 2021 | $66.36/hr | Actual |
| 2022 | $68.52/hr | Actual |
| 2023 | $70.21/hr | Actual |
| 2024 | $72.26/hr | Actual |
| 2025 | $72.73/hr | Actual |
| 2026(current) | $74.06/hr | Estimated |
| 2027 | $75.42/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Summit grew 10.0% from $66.11/hr (2019) to $72.73/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $75.42/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 Summit 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 Summit
The earning potential for pharmacists who opt for part-time positions in Summit is noteworthy. For example, a pharmacist working 24 hours a week can anticipate a solid annual income, though typically less than what a full-time pharmacist would earn. Per diem pharmacist pay in Summit varies by specialty; retail pharmacists generally earn between $55-$75/hr, while those in hospital settings might see $60-$85/hr, and specialty pharmacy could go as high as $70-$95/hr. These disparities present considerations for those weighing the advantages of higher hourly wages against the security of benefits that come with full-time positions. Additionally, when negotiating hourly pay, pharmacists should consider the employer type; retail chains, hospital pharmacies, and specialty pharma operations each have different pay structures. Understanding the local landscape and what each employer offers can empower pharmacists in Summit to find the right balance between compensation and benefits tailor-suited to their career goals.
More salary data for Summit, NJ:
Frequently Asked Questions
What is the hourly rate for pharmacists in Summit in 2026?
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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 Summit. 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 Summit 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