Pharmacist Salary in Melbourne, FL: $139,674 (2026)
Quick Answer:A full-time pharmacist in Melbourne, FL earns a median $139,674/year (≈ $67.15/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Melbourne's price level (1% above national, BEA RPP 100.8), that paycheck buys what $138,565 would nationally. Nominal pay sits 1.6% above the Florida state average.
Based on BLS state-level estimates · View source
Pharmacists in Melbourne, Florida, see a promising median annual salary of $139,674 in 2026, which is notably lower than the national average of $143,489, representing a decrease of 2.66%. Salary expectations range from $98,499 at the lower end (P10) to $168,914 at the highest (P90). These projections come from estimates based on 2025 BLS state-level data, adjusted for local cost of living factors. In a competitive market where residency-trained pharmacists often command higher pay, especially in specialized hospital roles, pharmacists must consider the distinct opportunities presented in Melbourne's evolving healthcare landscape to optimize their earnings potential.
About the Melbourne Market
Salary estimated from Florida average ($128,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $98,499 | $47.35 |
| Lower Range (P25) | $127,260 | $61.18 |
| Median (P50)(typical) | $139,674 | $67.15 |
| Upper Range (P75) | $158,764 | $76.33 |
| Top Earners (P90) | $168,914 | $81.21 |
Median Salary Position
2.66% below the national average
2026 Salary Percentile Distribution in Melbourne
In Melbourne, FL, the pharmacist salary spread from the 10th to 90th percentile is $70,415 (2026 est.). At $139,674, the local median is 2.66% below the national median of $143,489.
Salary Calculator
At 40 hours/week in Melbourne: You'd be above the median
How Melbourne Pharmacist Pay Compares
Melbourne median: $139,674/year (2026)
| Compared To | Median Salary | Melbourne Pays |
|---|---|---|
| Florida Average | $137,475 | +1.60% more |
| National Average | $143,489 | -2.66% less |
Pharmacists in Melbourne, FL earn a median of $139,674 per year (2026 est.), which is 2.66% lower than the national median of $143,489 and 1.60% above the Florida state average of $137,475.
Cost-of-Living Adjusted Salary
Melbourne has a cost of living 0.80% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Melbourne, FL has a cost-of-living index of 100.8 (above the national average of 100). While the nominal salary of $139,674 is competitive, the higher cost of living reduces purchasing power to an effective $138,565 — a 0.79% reduction.
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2019 BLS Actual
$124,685
2025 BLS Actual
$137,164
2026 Current Est.
$139,674
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Melbourne (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $124,685 | Actual |
| 2020 | $125,288 | Actual |
| 2021 | $125,152 | Actual |
| 2022 | $129,221 | Actual |
| 2023 | $132,414 | Actual |
| 2024 | $130,682 | Actual |
| 2025 | $137,164 | Actual |
| 2026(current) | $139,674 | Estimated |
| 2027 | $142,230 | Projected |
Based on 7 years of BLS OEWS data for the Melbourne metropolitan area, the median pharmacist salary grew 10.0% from $124,685 (2019) to $137,164 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $142,230 by 2027 — a total increase of $17,545 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Melbourne 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) | $98,499 – $127,260 |
| 3-5 years (Mid Career) | $127,260 – $139,674 |
| 5+ years (Experienced) | $139,674 – $158,764 |
| 10+ years (Top Earner) | $158,764 – $168,914 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Melbourne
The job market for pharmacists in Melbourne is relatively small, with only 12 pharmacists currently employed in the area. The cost of living index at 100.8 suggests that while expenses are slightly above the national average, pharmacists can still enjoy a reasonable take-home pay. Among local employers, hospital inpatient pharmacies and specialty outlets typically offer more substantial compensation compared to retail chains like CVS or Walgreens, which are facing consolidation pressures. Factors contributing to the pay scale include the training and board certifications, with residency training increasingly becoming a key requirement for higher-paying positions. For those looking to maximize their pharmacist pay in Melbourne, pursuing additional qualifications such as board certification or a PGY-1 residency can enhance prospects, particularly as the demand for clinical specialists continues to grow amidst shifts in retail pharmacy operations.
More salary data for Melbourne, 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 $137,164 for pharmacistsin the Melbourne 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 Melbourne 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