Pharmacist Salary in Franklin, NJ: $167,580 (2026)
Quick Answer:A full-time pharmacist in Franklin, NJ earns a median $167,580/year (≈ $80.57/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Franklin's price level (15% above national, BEA RPP 115.2), that paycheck buys what $145,469 would nationally. Nominal pay sits 1.4% above the New Jersey state average.
Based on BLS state-level estimates · View source
Pharmacists in Franklin, NJ, can expect a median annual salary of $167,580 in 2026, reflecting the area's robust healthcare market. With salaries ranging from $118,436 at the lower end to $202,554 for the top earners, the compensation reflects both experience and specialization. Pharmacists with residency training often see a premium in hospital and specialty environments compared to their community pharmacy counterparts, which is an important factor for graduates considering their career paths. These salary estimates are derived from 2025 BLS data and adjusted for local cost of living, which places Franklin slightly above the national average.
About the Franklin Market
Salary estimated from New Jersey average ($140,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $118,436 | $56.94 |
| Lower Range (P25) | $152,878 | $73.50 |
| Median (P50)(typical) | $167,580 | $80.57 |
| Upper Range (P75) | $190,934 | $91.80 |
| Top Earners (P90) | $202,554 | $97.38 |
Median Salary Position
16.79% above the national average
2026 Salary Percentile Distribution in Franklin
In Franklin, NJ, the pharmacist salary spread from the 10th to 90th percentile is $84,118 (2026 est.). At $167,580, the local median is 16.79% above the national median of $143,489.
Salary Calculator
At 40 hours/week in Franklin: You'd be above the median
How Franklin Pharmacist Pay Compares
Franklin median: $167,580/year (2026)
| Compared To | Median Salary | Franklin Pays |
|---|---|---|
| New Jersey Average | $165,266 | +1.40% more |
| National Average | $143,489 | +16.79% more |
Pharmacists in Franklin, NJ earn a median of $167,580 per year (2026 est.), which is 16.79% higher than the national median of $143,489 and 1.40% above the New Jersey state average of $165,266.
Cost-of-Living Adjusted Salary
Franklin has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Franklin, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $167,580 is competitive, the higher cost of living reduces purchasing power to an effective $145,469 — a 13.19% reduction.
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2019 BLS Actual
$149,596
2025 BLS Actual
$164,568
2026 Current Est.
$167,580
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $149,596 | Actual |
| 2020 | $150,320 | Actual |
| 2021 | $150,156 | Actual |
| 2022 | $155,038 | Actual |
| 2023 | $158,869 | Actual |
| 2024 | $163,506 | Actual |
| 2025 | $164,568 | Actual |
| 2026(current) | $167,580 | Estimated |
| 2027 | $170,646 | Projected |
Based on 7 years of BLS OEWS data for the Franklin metropolitan area, the median pharmacist salary grew 10.0% from $149,596 (2019) to $164,568 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $170,646 by 2027 — a total increase of $21,050 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin 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) | $118,436 – $152,878 |
| 3-5 years (Mid Career) | $152,878 – $167,580 |
| 5+ years (Experienced) | $167,580 – $190,934 |
| 10+ years (Top Earner) | $190,934 – $202,554 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Franklin
The local job market in Franklin employs approximately 15 pharmacists, highlighting a niche yet stable environment for this profession. The cost of living index sits at 115.2, suggesting that while salaries might appear favorable, the purchasing power may be moderated by local prices. Retail pharmacy chains like CVS and Walgreens typically offer competitive pay, yet higher salaries can be found in hospital settings or specialty pharmacies due to the demanding nature of those roles. The variation in pay largely depends on factors such as board certifications, residency training, and the current trends in health care delivery, including the consolidation of retail chains which influences staffing needs. Professionals looking to maximize their pharmacist pay in Franklin should consider pursuing additional certifications and exploring roles in specialty or hospital settings that may offer higher remuneration compared to traditional retail positions.
More salary data for Franklin, NJ:
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 $164,568 for pharmacistsin the Franklin 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 Franklin 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