Pharmacist Salary in Farmington, NM: $150,087 (2026)
Quick Answer:A full-time pharmacist in Farmington, NM earns a median $150,087/year (≈ $72.16/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Farmington's price level (12% below national, BEA RPP 87.7), that paycheck buys what $171,123 would nationally. Nominal pay sits 10.8% above the New Mexico state average.
Official BLS data · View source
Pharmacists in Farmington, NM, are projected to earn a median annual salary of $150,087 in 2026, surpassing the national median of $143,489 by 4.60%. With a salary range of $123,632 at the 10th percentile to $171,543 at the 90th percentile, the earning potential for pharmacists can vary significantly based on their roles and specialties. Those employed as hospital clinical specialists typically command higher salaries compared to retail pharmacists in settings such as CVS and Walgreens. This data is derived from official Bureau of Labor Statistics (BLS) OEWS surveys, emphasizing a relatively lucrative market for pharmacy professionals in Farmington.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $123,632 | $59.44 |
| Lower Range (P25) | $137,511 | $66.11 |
| Median (P50)(typical) | $150,087 | $72.16 |
| Upper Range (P75) | $163,743 | $78.72 |
| Top Earners (P90) | $171,543 | $82.47 |
Median Salary Position
4.60% above the national average
2026 Salary Percentile Distribution in Farmington
In Farmington, NM, the pharmacist salary spread from the 10th to 90th percentile is $47,911 (2026 est.). At $150,087, the local median is 4.6% above the national median of $143,489.
Salary Calculator
At 40 hours/week in Farmington: You'd be above the median
How Farmington Pharmacist Pay Compares
Farmington median: $150,087/year (2026)
| Compared To | Median Salary | Farmington Pays |
|---|---|---|
| New Mexico Average | $135,458 | +10.80% more |
| National Average | $143,489 | +4.60% more |
Pharmacists in Farmington, NM earn a median of $150,087 per year (2026 est.), which is 4.60% higher than the national median of $143,489 and 10.80% above the New Mexico state average of $135,458.
Cost-of-Living Adjusted Salary
Farmington has a cost of living 12.29% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Farmington, NM has a cost-of-living index of 87.707 (below the national average of 100). A pharmacist earning $150,087 nominally has purchasing power equivalent to $171,123 in an average-cost city — an effective 14.02% boost.
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2019 BLS Actual
$117,610
2025 BLS Actual
$147,390
2026 Current Est.
$150,087
2019–2027 Growth
+29.9%
Salary Trajectory for Pharmacists in Farmington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $117,610 | Actual |
| 2020 | $114,630 | Actual |
| 2021 | $124,430 | Actual |
| 2022 | $122,320 | Actual |
| 2023 | $127,540 | Actual |
| 2024 | $140,520 | Actual |
| 2025 | $147,390 | Actual |
| 2026(current) | $150,087 | Estimated |
| 2027 | $152,834 | Projected |
Based on 7 years of BLS OEWS data for the Farmington metropolitan area, the median pharmacist salary grew 25.3% from $117,610 (2019) to $147,390 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $152,834 by 2027 — a total increase of $35,224 (29.95%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Farmington 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) | $123,632 – $137,511 |
| 3-5 years (Mid Career) | $137,511 – $150,087 |
| 5+ years (Experienced) | $150,087 – $163,743 |
| 10+ years (Top Earner) | $163,743 – $171,543 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Farmington
Analyzing the local job market, there are currently 80 pharmacists employed in the area, which underscores a stable demand despite the broader retail pharmacy challenges. The cost-of-living index in Farmington stands at 87.707, indicating affordable living conditions that enhance take-home purchasing power for pharmacists. Among the employers in the region, hospital settings and specialty pharmacies like Accredo tend to offer the highest compensation. Factors contributing to the pay variations include specialized training, residency completions, and the emerging shift in pharmacy practice towards clinical roles, as evidenced by the rise in ambulatory care and point-of-care services. For those looking to maximize their pharmacist pay in Farmington, pursuing board certifications or entering residency programs can provide a substantial advantage in this evolving market.
More salary data for Farmington, NM:
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 $147,390 for pharmacistsin the Farmington 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
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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