Pharmacist Salary in Milford, CT: $140,676 (2026)
Quick Answer:A full-time pharmacist in Milford, CT earns a median $140,676/year (≈ $67.64/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Milford's price level (8% above national, BEA RPP 107.9), that paycheck buys what $130,376 would nationally. Nominal pay sits 2.2% below the Connecticut state average.
Based on BLS state-level estimates · View source
For 2026, pharmacists in Milford, CT, are projected to earn a median annual salary of $140,676, which is slightly below the national median of $143,489. The salary range indicates considerable variability, with the lowest 10% earning around $102,484, while the top 10% can expect to make as much as $179,354. These figures are derived from 2025 BLS data, adjusted for local economic conditions. In Milford, those with residency training generally earn a premium, especially in hospital and specialty settings, which tend to offer more lucrative compensation compared to retail environments. This trend is indicative of the evolving roles in pharmacy practice as the landscape shifts due to retail chain consolidations and a changing demand for clinical services.
About the Milford Market
Salary estimated from Connecticut average ($138,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $102,484 | $49.28 |
| Lower Range (P25) | $130,631 | $62.80 |
| Median (P50)(typical) | $140,676 | $67.64 |
| Upper Range (P75) | $165,440 | $79.54 |
| Top Earners (P90) | $179,354 | $86.23 |
Median Salary Position
1.96% below the national average
2026 Salary Percentile Distribution in Milford
In Milford, CT, the pharmacist salary spread from the 10th to 90th percentile is $76,870 (2026 est.). At $140,676, the local median is 1.96% below the national median of $143,489.
Salary Calculator
At 40 hours/week in Milford: You'd be above the median
How Milford Pharmacist Pay Compares
Milford median: $140,676/year (2026)
| Compared To | Median Salary | Milford Pays |
|---|---|---|
| Connecticut Average | $143,841 | -2.20% less |
| National Average | $143,489 | -1.96% less |
Pharmacists in Milford, CT earn a median of $140,676 per year (2026 est.), which is 1.96% lower than the national median of $143,489 and 2.20% below the Connecticut state average of $143,841.
Cost-of-Living Adjusted Salary
Milford has a cost of living 7.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Milford, CT has a cost-of-living index of 107.9 (above the national average of 100). While the nominal salary of $140,676 is competitive, the higher cost of living reduces purchasing power to an effective $130,376 — a 7.32% reduction.
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2019 BLS Actual
$125,579
2025 BLS Actual
$138,148
2026 Current Est.
$140,676
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Milford (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $125,579 | Actual |
| 2020 | $126,187 | Actual |
| 2021 | $126,050 | Actual |
| 2022 | $130,148 | Actual |
| 2023 | $133,364 | Actual |
| 2024 | $145,591 | Actual |
| 2025 | $138,148 | Actual |
| 2026(current) | $140,676 | Estimated |
| 2027 | $143,250 | Projected |
Based on 7 years of BLS OEWS data for the Milford metropolitan area, the median pharmacist salary grew 10.0% from $125,579 (2019) to $138,148 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $143,250 by 2027 — a total increase of $17,671 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Milford 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $102,484 – $130,631 |
| 3-5 years (Mid Career) | $130,631 – $140,676 |
| 5+ years (Experienced) | $140,676 – $165,440 |
| 10+ years (Top Earner) | $165,440 – $179,354 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Milford
Employment opportunities for pharmacists in Milford are relatively limited, with only nine professionals reported in the area. The cost of living index stands at 107.9, suggesting that while salaries are competitive, purchasing power may be impacted. Retail chains such as CVS and Walgreens serve as common employers, but individuals seeking higher pay may find better compensation in inpatient hospital pharmacies or specialty services. The salary spread can often be attributed to various factors including work settings, board certifications, and shifts in responsibility. To maximize pay, pharmacists should focus on acquiring PGY-1 residency training and relevant certifications, which are increasingly expected for hospital positions. Additionally, considering roles that capitalize on the reimbursement shifts in ambulatory care will be essential in navigating the evolving job market in Milford, CT.
More salary data for Milford, CT:
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
Salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The BLS reported a median annual salary of $138,148 for pharmacistsin the Milford metropolitan area. A 1.83% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Milford 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