Pharmacist Hourly Pay in Farmington, NM: $72.16 (2026)
Quick Answer:Hourly pay for a pharmacist working in Farmington, NM runs $72.16 at the median for 2026 — annualizing to $150,087 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Farmington's regional price level (BEA RPP 87.7, 12% below national), each hour of work buys what $82.27 nationally would. A 24-hour part-time schedule grosses $90,052 per year.
Official BLS data · View source
In Farmington, NM, the pharmacist hourly rate stands at $72.16, which is notably higher than the national median of $68.99. This pay level provides significant financial opportunities for both full-time and part-time pharmacists working in a variety of settings, including retail pharmacy counters and hospital pharmacy departments. For part-time pharmacists clocking in about 24 hours a week, this rate translates to a solid earning potential, making it possible for them to enjoy a relatively comfortable lifestyle amid an overall lower than average cost of living in the area. The hourly pay for pharmacists in Farmington can range from $59.44 for entry-level positions to $82.47 for top earners, according to the official BLS data projections, highlighting a healthy spectrum for ample career growth and advancement.
Pharmacist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $59.44 | $475.51 |
| Lower Range (P25) | $66.11 | $528.86 |
| Median (P50) | $72.16 | $577.25 |
| Upper Range (P75) | $78.72 | $629.80 |
| Top Earners (P90) | $82.47 | $659.78 |
Estimated Annual Income by Work Schedule in Farmington
Based on $72.16/hr median hourly rate · 2026 est.
At $72.16/hr, a pharmacist working full-time (40 hr/wk) in Farmington, NM can expect to earn approximately $150,086 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $86,588. With a cost-of-living index of 87.71 (below the national average), these earnings stretch further in Farmington.
Hourly Rate Calculator
Schedule Comparison in Farmington
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,886.27 | $12,507 | $150,086 |
| Part-Time (24 hrs) | $1,731.76 | $7,504 | $90,052 |
| Per Diem (16 hrs) | $1,154.51 | $5,003 | $60,034 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Farmington) | $72.16 |
| 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 Farmington, NM earn a median of $150,087 per year (2026 est.), which is 4.60% higher than the national median of $143,489 and 10.80% above the New Mexico state average of $135,458.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $72.16/hr = $90,052/year (purchasing power: $102,673).
Working 40h/week (full-time) = $150,086/year (purchasing power: $171,122).
CoL index: 87.707 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$56.55/hr
2025 BLS Actual
$70.86/hr
2026 Current Est.
$72.16/hr
2019–2027 Growth
+29.9%
Hourly Rate Trajectory for Pharmacists in Farmington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.55/hr | Actual |
| 2020 | $55.11/hr | Actual |
| 2021 | $59.82/hr | Actual |
| 2022 | $58.81/hr | Actual |
| 2023 | $61.32/hr | Actual |
| 2024 | $67.56/hr | Actual |
| 2025 | $70.86/hr | Actual |
| 2026(current) | $72.16/hr | Estimated |
| 2027 | $73.48/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Farmington grew 25.3% from $56.55/hr (2019) to $70.86/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $73.48/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 Farmington 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 Farmington
Considering the earning potential for part-time positions, a pharmacist working three days a week can expect to bring home over $80,000 annually compared to their full-time counterparts. Per diem pharmacist pay in Farmington varies significantly based on the work setting, with retail pharmacists billing between $55-$75/hour, while clinical pharmacy roles in hospitals command rates from $60-$85/hour. Specialty roles, particularly within oncology or critical care, can pay between $70-$95/hour, reflecting the high demand for skilled pharmacists in these areas. It's crucial to recognize that hourly rates often differ across various employers, such as retail chains, hospitals, specialty pharmacy companies, and 340B program offices. Some pharmacists may opt for lower hourly wages if they come with benefits like health insurance, while others may prefer higher rates without those benefits. For those negotiating in this environment, understanding the local market and highlighting relevant credentials, such as experience or board certifications, can be invaluable in achieving a favorable compensation agreement.
More salary data for Farmington, NM:
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 Farmington. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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