Pharmacist Salary in New Mexico and How to increase your Pay

The pharmacist salary in New Mexico is averagely $122,513 per year.

A pharmacist is responsible for the distribution of drugs and medications to the general public.

Pharmacists in New Mexico typically work in hospital pharmacies, retail pharmacies, and in health care facilities.

Some pharmacists may also specialize in compounding medications or be involved with intravenous medication therapy.

Pharmacist Salary in New Mexico Cities

Here is pharmacist salary information for cities across New Mexico:

	City	Hourly Salary	Annual Salary
1	Albuquerque	$55.21	$121,703
2	Las Cruces	$51.10	$112,630
3	Rio Rancho	$51.92	$114,444
4	Santa Fe	$55.91	$123,237
5	Roswell	$52.60	$115,954
6	Farmington	$51.19	$112,827
7	South Valley	$64.19	$141,493
8	Clovis	$50.75	$111,863
9	Hobbs	$52.32	$115,317
10	Alamogordo	$49.44	$108,974
11	Carlsbad	$55.09	$121,436
12	Gallup	$52.32	$115,332
13	Sunland Park	$47.62	$104,957
14	Los Lunas	$49	$108,021
15	Deming	$49.87	$109,917
16	Chaparral	$49.74	$109,637
17	North Valley	$65.27	$143,874
18	Las Vegas	$50	$110,224
19	Los Alamos	$61.27	$135,052
20	Artesia	$54.13	$119,326
21	Portales	$48.60	$107,132
22	Lovington	$51.65	$113,848
23	Bernalillo	$51.42	$113,342
24	Española	$50.33	$110,941
25	Silver City	$51.16	$112,777
26	Anthony	$45.84	$101,036
27	Grants	$51.19	$112,828
28	Corrales	$50.65	$111,648
29	Shiprock	$59.01	$130,076
30	Socorro	$52	$114,615

10 Cities with Highest Pharmacist Salary in New Mexico

Salary information for the top 10 paying cities for pharmacists in New Mexico:

	City	Hourly Salary	Annual Salary
1	North Valley	$65.27	$143,874
2	South Valley	$64.19	$141,493
3	Los Alamos	$61.27	$135,052
4	Shiprock	$59.01	$130,076
5	Santa Fe	$55.91	$123,237
6	Albuquerque	$55.21	$121,703
7	Carlsbad	$55.09	$121,436
8	Artesia	$54.13	$119,326
9	Roswell	$52.60	$115,954
10	Gallup	$52.32	$115,332

Skill-based Pharmacist Salary in New Mexico

In New Mexico, a pharmacist with good skills and certifications will be paid more than their counterpart without them. Some of these skills include:

1. Management and administrative skills
2. Pharmacy records and data
3. Pharmacies and patient care issues
4. Quality assurance and quality control
5. Computers, communications and the Internet

Experience-based Pharmacist Salary in New Mexico

A pharmacist with less than one year experience will earn about $109,650 while the more experienced one with 10 years of experience or more will take home $135,645 in New Mexico.

10 Companies with Highest Pharmacist Salary in New Mexico

Salary information for the top 10 paying companies for pharmacists in New Mexico:

	Company	Hourly Salary	Annual Salary
1	UCLA Health	$75.67	$166,792
2	Meijer	$74.49	$164,196
3	Raley’s / Bel Air / Nob Hill	$71.12	$156,774
4	Oregon Health & Science University	$69.17	$152,471
5	Costco Wholesale	$67.82	$149,484
6	Riverside Health System	$67.09	$147,888
7	TotalMed	$65.48	$144,330
8	eTeam Inc	$64.97	$143,213
9	Presbyterian Healthcare Services	$64.86	$142,975
10	MedWatchers Inc	$64.19	$141,502

10 Highest Paying Pharmacist Jobs in New Mexico

Some of the highest paying pharmacist jobs in New Mexico include:

1. Clinical Staff Pharmacist $114,236
2. Primary Care Pharmacist $112,655
3. Advanced Practice Pharmacist $111,772
4. Clinical Pharmacist Specialist $111,705
5. Travel Pharmacist $109,640
6. Nuclear Pharmacist $136,572
7. Critical care Pharmacist $116664
8. CVS Pharmacist $134,742
9. Research Pharmacist $129100
10. Retail Pharmacist $141311

More Benefits for Pharmacists in New Mexico

Employers in New Mexico provide pharmacists benefits like bonus, health insurance, 401k plans, and stock options based on their experience, skills and performance:

• Bonus

You will get a cash bonus each year you keep your employment and your salary. The amount of the bonus will be determined by the employer.

• Health Insurance

Employers in New Mexico are required to offer health insurance options for all full-time employees.

• 401k Plans

Many employers in New Mexico offer 401k plans that include retirement savings plans that match up to 3% of your salary contribution up to a limit of $16,500 per annum.

• Stock Options

Stock options are employee stock purchase loans that have multiple advantages for both the employee and the employer.

Employee benefit greatly because they receive a discount on their stocks while the employer derives a salary advantage since they get part of their salary in stocks or bonds instead of cash.

What Related Job Titles to Pharmacist Earn in New Mexico

Earning of some occupations related to pharmacy include:

1. Surgeon: $387,090
2. Nurse practitioner: $126,010
3. Dentist:  $263832
4. Patient Care Coordinator: $86,290
5. Clinical Pharmacologist: $103809

Pharmacist Salary and Job Outlook in New Mexico

According to the Bureau of Labor Statistics, pharmacist employment will decline by 2% between 2020 and 2030.

In terms of pharmacist salary, New Mexico ranks 42nd out of 50 states.

The typical salary for a pharmacist ranges substantially (up to $18,790), implying that there may be several prospects for promotion and improved income dependent on skill level, location, and years of experience.

According to recent job posting activity on employment portals, the New Mexico Pharmacist job market is rather stagnant, since few employers are actively recruiting.

How to increase your Pay as a Pharmacist in New Mexico

To increase your pay as a pharmacist in New Mexico, here are some suggestions you can apply:

1. Keep up with education and training offered by pharmacists. If you are not satisfied with the current salary, you can consider taking courses for pharmacists.
2. If you are interested in the compounding field, seek training and certification, which is offered by organizations like the National Association of Boards of Pharmacy (NABP).
3. Consider going for continuing education courses that will provide additional knowledge to your skills as a pharmacist. You should consider getting some certifications from the Board of Pharmaceutical examiners. These certifications will help you get better job opportunities and higher salary.
4. Increase your responsibilities as a pharmacist and expand your scope to become an executive pharmacist.
5. You can also consider running for the position of a pharmacy manager or supervisor in your workplace. Employers are seeking qualified candidates with experience and proven track records in managing a pharmacy department. They prefer candidates who have strong leadership skills and can manage a team of pharmacists.

More Career Opportunities for Pharmacists in New Mexico

There are many career opportunities that a pharmacist can consider to increase his or her salary, they include:

1. Work for the Government

The government sector offers attractive and higher salary packages that are tax free. You can use this extra income to invest or save for your future.

2. Serve as a Hospital Pharmacist

Nobody wants to stay in a hospital for a long time because of the strict protocol and operations in most hospitals.

But if you specialize in hospital pharmacists, you can work as a pharmacist in a hospital or an outpatient clinic and enjoy good pay.

3. Work as an In-Store Pharmacist

There are many retail outlets like drug stores, supermarkets and department stores that offer decent salaries to pharmacists per hour. They also provide health insurance plans.

4. Join the Pharmaceutical Industry

Working for a pharmaceutical company is better than working in retail environments because of the high salary you can get from this industry.

Some pharmaceutical companies provide attractive packages, which include housing allowances, paid vacations and other benefits.

Conclusion

The reasons why pharmacists earn low pay in New Mexico is due to the fact that there are limited residency programs for pharmacists in the state.

And because of this, there are more candidates looking for jobs instead of the more vacancies existing in the country.

However, if you look for a job and search hard, you can get one with high salary for pharmacist in New Mexico.

Information sources: pharmapproach.com, bls.gov, glassdoor.com, indeed.com,  beckershospitalreview.com, pharmacytechnicianguide.com, salary.com, and payscale.com.