Pharmacist Salary in Algonquin, IL: $137,936 (2026)
Quick Answer:A full-time pharmacist in Algonquin, IL earns a median $137,936/year (≈ $66.31/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Algonquin's price level (3% below national, BEA RPP 97.1), that paycheck buys what $142,056 would nationally. Nominal pay sits 3.0% below the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, the pharmacist salary in Algonquin, IL is projected to reach a median of $137,936, a figure that reflects the city's unique employment landscape within the broader pharmacy sector. The salary range for pharmacists in this area varies significantly, from $94,549 at the 10th percentile (P10) to $169,128 at the 90th percentile (P90). Such estimates, derived from 2025 BLS data adjusted for regional economic conditions, hint at a nuanced pay structure influenced by the contrasting roles between hospital clinical specialists and retail pharmacists. While urban hospitals may offer more compensation for specialized positions, the retail pharmacy market faces downward pressure due to location closures and workforce consolidations, shaping the overall compensation model in Algonquin.
About the Algonquin Market
Salary estimated from Illinois average ($132,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $94,549 | $45.46 |
| Lower Range (P25) | $132,203 | $63.56 |
| Median (P50)(typical) | $137,936 | $66.31 |
| Upper Range (P75) | $158,879 | $76.38 |
| Top Earners (P90) | $169,128 | $81.31 |
Median Salary Position
3.87% below the national average
2026 Salary Percentile Distribution in Algonquin
In Algonquin, IL, the pharmacist salary spread from the 10th to 90th percentile is $74,579 (2026 est.). At $137,936, the local median is 3.87% below the national median of $143,489.
Salary Calculator
At 40 hours/week in Algonquin: You'd be above the median
How Algonquin Pharmacist Pay Compares
Algonquin median: $137,936/year (2026)
| Compared To | Median Salary | Algonquin Pays |
|---|---|---|
| Illinois Average | $142,202 | -3.00% less |
| National Average | $143,489 | -3.87% less |
Pharmacists in Algonquin, IL earn a median of $137,936 per year (2026 est.), which is 3.87% lower than the national median of $143,489 and 3.00% below the Illinois state average of $142,202.
Cost-of-Living Adjusted Salary
Algonquin has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Algonquin, IL has a cost-of-living index of 97.1 (below the national average of 100). A pharmacist earning $137,936 nominally has purchasing power equivalent to $142,056 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$123,133
2025 BLS Actual
$135,457
2026 Current Est.
$137,936
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Algonquin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $123,133 | Actual |
| 2020 | $123,729 | Actual |
| 2021 | $123,595 | Actual |
| 2022 | $127,613 | Actual |
| 2023 | $130,766 | Actual |
| 2024 | $124,382 | Actual |
| 2025 | $135,457 | Actual |
| 2026(current) | $137,936 | Estimated |
| 2027 | $140,460 | Projected |
Based on 7 years of BLS OEWS data for the Algonquin metropolitan area, the median pharmacist salary grew 10.0% from $123,133 (2019) to $135,457 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $140,460 by 2027 — a total increase of $17,327 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Algonquin 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) | $94,549 – $132,203 |
| 3-5 years (Mid Career) | $132,203 – $137,936 |
| 5+ years (Experienced) | $137,936 – $158,879 |
| 10+ years (Top Earner) | $158,879 – $169,128 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Algonquin
The local job market shows five pharmacists employed in Algonquin, indicating limited opportunities but also a more stable competitive environment. The cost of living index at 97.1 suggests that the purchasing power of these salaries may be relatively manageable, albeit below the national average. Among local employers, hospital settings likely offer higher salaries compared to retail chains such as CVS and Walgreens, where shifts in structure and pay scales are ongoing. The disparity in earning potential is driven by factors such as board certification stipends, potential for shift differentials in retail settings, and the premium placed on residency-trained pharmacists. To maximize pay in this specific market, pursuing board certification, seeking roles in specialty pharmacies, or considering positions in hospital settings could be advantageous as the pharmacy profession continues to evolve post-2024.
More salary data for Algonquin, IL:
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 $135,457 for pharmacistsin the Algonquin 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 Algonquin 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