Pharmacist Hourly Pay in Santa Fe, NM: $73.71 (2026)
Quick Answer:Hourly pay for a pharmacist working in Santa Fe, NM runs $73.71 at the median for 2026 — annualizing to $153,336 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Santa Fe's regional price level (BEA RPP 98.8, 1% below national), each hour of work buys what $74.63 nationally would. A 24-hour part-time schedule grosses $91,996 per year.
Official BLS data · View source
In 2026, the pharmacist hourly pay in Santa Fe, New Mexico, is projected to be $73.71, which is significantly higher than the national hourly median of $68.99. This favorable hourly rate offers great opportunities for both part-time and per-diem workers in various settings, including retail pharmacy counters, hospital inpatient pharmacy IV rooms, and specialty pharmacy clean rooms. Entry-level pharmacists may find themselves earning around $58.16, while top earners can make as much as $83.10. This range reflects the diverse demands of the profession—whether one is working at retail chains like CVS or Walgreens, or in specialized environments dealing with complex patient needs. The figures are based on 2025 BLS OEWS data, projected to 2026, providing a clear insight into the earning potential of pharmacists in Santa Fe.
Pharmacist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $58.16 | $465.24 |
| Lower Range (P25) | $66.96 | $535.71 |
| Median (P50) | $73.71 | $589.72 |
| Upper Range (P75) | $79.95 | $639.57 |
| Top Earners (P90) | $83.10 | $664.83 |
Estimated Annual Income by Work Schedule in Santa Fe
Based on $73.71/hr median hourly rate · 2026 est.
At $73.71/hr, a pharmacist working full-time (40 hr/wk) in Santa Fe, NM can expect to earn approximately $153,327 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $88,458. With a cost-of-living index of 98.77 (below the national average), these earnings stretch further in Santa Fe.
Hourly Rate Calculator
Schedule Comparison in Santa Fe
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,948.59 | $12,777 | $153,327 |
| Part-Time (24 hrs) | $1,769.15 | $7,666 | $91,996 |
| Per Diem (16 hrs) | $1,179.44 | $5,111 | $61,331 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Santa Fe) | $73.71 |
| 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 Santa Fe, NM earn a median of $153,336 per year (2026 est.), which is 6.86% higher than the national median of $143,489 and 13.20% above the New Mexico state average of $135,455.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $73.71/hr = $91,996/year (purchasing power: $93,144).
Working 40h/week (full-time) = $153,327/year (purchasing power: $155,241).
CoL index: 98.767 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$62.04/hr
2025 BLS Actual
$72.39/hr
2026 Current Est.
$73.71/hr
2019–2027 Growth
+21.0%
Hourly Rate Trajectory for Pharmacists in Santa Fe (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $62.04/hr | Actual |
| 2020 | $62.32/hr | Actual |
| 2021 | $63.91/hr | Actual |
| 2022 | $61.39/hr | Actual |
| 2023 | $65.27/hr | Actual |
| 2024 | $67.89/hr | Actual |
| 2025 | $72.39/hr | Actual |
| 2026(current) | $73.71/hr | Estimated |
| 2027 | $75.06/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Santa Fe grew 16.7% from $62.04/hr (2019) to $72.39/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $75.06/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 Santa Fe 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 Santa Fe
For pharmacists opting for part-time roles, working three days a week for a total of 24 hours can lead to a sizable annual income, albeit less than full-time counterparts. Per-diem pharmacist pay in Santa Fe varies significantly; retail pharmacists typically earn between $55 and $75 per hour, while those in hospital settings can command $60 to $85 per hour. Specialty roles, particularly in oncology and critical care, may see rates rising to $70 to $95. The compensation across different employer types, including retail pharmacy chains, hospitals, and specialty pharmacies, can vary greatly, and many pharmacists weigh the benefits of health insurance against higher hourly rates without benefits. Understanding these dynamics is crucial for effective salary negotiations in Santa Fe. For those looking to make the most of their negotiations, targeting specific roles and gathering insights on payer expectations can lead to more favorable contracts.
More salary data for Santa Fe, 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 Santa Fe. 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