Pharmacist Salary in Minnetonka, MN: $157,974 (2026)
Quick Answer:A full-time pharmacist in Minnetonka, MN earns a median $157,974/year (≈ $75.94/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Minnetonka's price level (1% below national, BEA RPP 98.5), that paycheck buys what $160,380 would nationally. Nominal pay sits 1.2% below the Minnesota state average.
Based on BLS state-level estimates · View source
The landscape of pharmacist pay in Minnetonka, Minnesota, reflects significant changes driven by post-2023 retail chain consolidation. For 2026, local pharmacists can expect a median annual salary of $157,974, which is notable given the full salary range stretching from $105,075 at the 10th percentile to $198,931 at the 90th. These figures, derived from 2025 BLS data and adjusted for local cost conditions, indicate a robust compensation landscape that exceeds the national median salary of $143,489 by approximately 10.09%. This local market shows not only the demand for pharmacists but also the influence of recent shifts in pharmacy operations and services.
About the Minnetonka Market
Salary estimated from Minnesota average ($138,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $105,075 | $50.52 |
| Lower Range (P25) | $148,665 | $71.47 |
| Median (P50)(typical) | $157,974 | $75.94 |
| Upper Range (P75) | $184,297 | $88.60 |
| Top Earners (P90) | $198,931 | $95.64 |
Median Salary Position
10.09% above the national average
2026 Salary Percentile Distribution in Minnetonka
In Minnetonka, MN, the pharmacist salary spread from the 10th to 90th percentile is $93,856 (2026 est.). At $157,974, the local median is 10.09% above the national median of $143,489.
Salary Calculator
At 40 hours/week in Minnetonka: You'd be above the median
How Minnetonka Pharmacist Pay Compares
Minnetonka median: $157,974/year (2026)
| Compared To | Median Salary | Minnetonka Pays |
|---|---|---|
| Minnesota Average | $159,893 | -1.20% less |
| National Average | $143,489 | +10.09% more |
Pharmacists in Minnetonka, MN earn a median of $157,974 per year (2026 est.), which is 10.09% higher than the national median of $143,489 and 1.20% below the Minnesota state average of $159,893.
Cost-of-Living Adjusted Salary
Minnetonka has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Minnetonka, MN has a cost-of-living index of 98.5 (below the national average of 100). A pharmacist earning $157,974 nominally has purchasing power equivalent to $160,380 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$141,021
2025 BLS Actual
$155,135
2026 Current Est.
$157,974
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Minnetonka (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $141,021 | Actual |
| 2020 | $141,703 | Actual |
| 2021 | $141,549 | Actual |
| 2022 | $146,151 | Actual |
| 2023 | $149,762 | Actual |
| 2024 | $134,307 | Actual |
| 2025 | $155,135 | Actual |
| 2026(current) | $157,974 | Estimated |
| 2027 | $160,865 | Projected |
Based on 7 years of BLS OEWS data for the Minnetonka metropolitan area, the median pharmacist salary grew 10.0% from $141,021 (2019) to $155,135 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $160,865 by 2027 — a total increase of $19,844 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Minnetonka 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) | $105,075 – $148,665 |
| 3-5 years (Mid Career) | $148,665 – $157,974 |
| 5+ years (Experienced) | $157,974 – $184,297 |
| 10+ years (Top Earner) | $184,297 – $198,931 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Minnetonka
With only 12 pharmacists currently employed in Minnetonka, the job market remains niche yet competitive. The area's cost of living index stands at 98.5, suggesting a slightly lower-than-average expense for residents, which can enhance the effective purchasing power of take-home salaries. Retail chains such as CVS and Walgreens typically lead the market in pay, but opportunities in hospital settings and specialty pharmacies also offer attractive salaries. Factors contributing to the pay disparity include the type of pharmacy, board certifications, residency qualifications, and differential pay for various shifts. Maximizing earnings extends beyond simply seeking higher wages; pharmacists should consider expanding their skill sets through certifications like BPS or seeking roles in clinical settings that demand advanced expertise. The evolving roles within the pharmacy arena emphasize the importance of aligning clinical capabilities with employer needs, particularly amidst ongoing retail transformations.
More salary data for Minnetonka, MN:
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 $155,135 for pharmacistsin the Minnetonka 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 Minnetonka 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