Pharmacist Salary in Homestead, FL: $135,426 (2026)
Quick Answer:A full-time pharmacist in Homestead, FL earns a median $135,426/year (≈ $65.11/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Homestead's price level (1% above national, BEA RPP 100.8), that paycheck buys what $134,351 would nationally. Nominal pay sits 1.4% below the Florida state average.
Based on BLS state-level estimates · View source
In 2026, the compensation for pharmacists in Homestead, Florida, is projected to reach a median annual salary of $135,426, which is slightly lower than the national median of $143,489. The local salary range extends from $100,219 at the 10th percentile to $169,409 at the 90th percentile, reflecting both the diverse roles pharmacists can undertake and the importance of residency training in securing higher-paying positions, particularly in hospital and specialty settings. These estimates are derived from 2025 BLS data, adjusted for Florida-specific cost of living factors, revealing the competitive nature of the job market in Homestead, where such positions are not only in demand but also vary greatly in pay based on qualifications and job settings.
About the Homestead Market
Salary estimated from Florida average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $100,219 | $48.19 |
| Lower Range (P25) | $127,029 | $61.07 |
| Median (P50)(typical) | $135,426 | $65.11 |
| Upper Range (P75) | $157,628 | $75.78 |
| Top Earners (P90) | $169,409 | $81.44 |
Median Salary Position
5.62% below the national average
2026 Salary Percentile Distribution in Homestead
In Homestead, FL, the pharmacist salary spread from the 10th to 90th percentile is $69,190 (2026 est.). At $135,426, the local median is 5.62% below the national median of $143,489.
Salary Calculator
At 40 hours/week in Homestead: You'd be above the median
How Homestead Pharmacist Pay Compares
Homestead median: $135,426/year (2026)
| Compared To | Median Salary | Homestead Pays |
|---|---|---|
| Florida Average | $137,349 | -1.40% less |
| National Average | $143,489 | -5.62% less |
Pharmacists in Homestead, FL earn a median of $135,426 per year (2026 est.), which is 5.62% lower than the national median of $143,489 and 1.40% below the Florida state average of $137,349.
Cost-of-Living Adjusted Salary
Homestead has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Homestead, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $135,426 is competitive, the higher cost of living reduces purchasing power to an effective $134,351 — a 0.79% reduction.
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2019 BLS Actual
$120,892
2025 BLS Actual
$132,992
2026 Current Est.
$135,426
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Homestead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $120,892 | Actual |
| 2020 | $121,478 | Actual |
| 2021 | $121,345 | Actual |
| 2022 | $125,291 | Actual |
| 2023 | $128,386 | Actual |
| 2024 | $127,156 | Actual |
| 2025 | $132,992 | Actual |
| 2026(current) | $135,426 | Estimated |
| 2027 | $137,904 | Projected |
Based on 7 years of BLS OEWS data for the Homestead metropolitan area, the median pharmacist salary grew 10.0% from $120,892 (2019) to $132,992 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $137,904 by 2027 — a total increase of $17,012 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Homestead 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) | $100,219 – $127,029 |
| 3-5 years (Mid Career) | $127,029 – $135,426 |
| 5+ years (Experienced) | $135,426 – $157,628 |
| 10+ years (Top Earner) | $157,628 – $169,409 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Homestead
With only 14 pharmacists currently employed in the area, the local job market remains relatively small but stable. The cost-of-living index in Homestead stands at 100.8, which indicates a slightly above-average living expense, impacting the take-home purchasing power for pharmacists. In terms of employer pay differentials, retail giants like CVS and Walgreens offer competitive salaries, but higher compensation often favors positions in hospital pharmacies or specialty roles like those at Accredo. The disparity in earnings can be attributed to various factors including the nature of the pharmacy setting, board certifications, and the premium associated with residency training. As the retail pharmacy environment undergoes consolidation and job threats increase, pharmacists may maximize their earnings by pursuing advanced certifications through organizations such as BPS or considering positions in expanding sectors like ambulatory care. In this evolving landscape, understanding how much pharmacists make in Homestead can help professionals align their career paths with market realities.
More salary data for Homestead, FL:
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 $132,992 for pharmacistsin the Homestead 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 Homestead 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