The pharmacist’s 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.
Pharmacists Salary across Cities in New Mexico
Here is pharmacist salary information for cities across New Mexico:
|City||Hourly Salary||Annual Salary|
10 Highest Paying Cities for Pharmacists in New Mexico
Salary information for the top 10 paying cities for pharmacists in New Mexico:
|City||Hourly Salary||Annual Salary|
Pharmacists Salary Based on Skills 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:
- Management and administrative skills
- Pharmacy records and data
- Pharmacies and patient care issues
- Quality assurance and quality control
- Computers, communications and the Internet
Pharmacists Salary Based on Experience 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 Highest Paying Companies for Pharmacists in New Mexico
Salary information for the top 10 paying companies for pharmacists in New Mexico:
|Company||Hourly Salary||Annual Salary|
|3||Raley’s / Bel Air / Nob Hill||$71.12||$156,774|
|4||Oregon Health & Science University||$69.17||$152,471|
|6||Riverside Health System||$67.09||$147,888|
|9||Presbyterian Healthcare Services||$64.86||$142,975|
10 Highest Paying Pharmacist Jobs in New Mexico
Some of the highest paying pharmacist jobs in New Mexico include:
- Clinical Staff Pharmacist $114,236
- Primary Care Pharmacist $112,655
- Advanced Practice Pharmacist $111,772
- Clinical Pharmacist Specialist $111,705
- Travel Pharmacist $109,640
- Nuclear Pharmacist $136,572
- Critical care Pharmacist $116664
- CVS Pharmacist $134,742
- Research Pharmacist $129100
- 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:
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 Pharmacists Earn in New Mexico
Earning of some occupations related to pharmacy include:
- Surgeon: $387,090
- Nurse practitioner: $126,010
- Dentist: $263832
- Patient Care Coordinator: $86,290
- Clinical Pharmacologist: $103809
Pharmacists Job and Salary 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:
- 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.
- 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).
- 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.
- Increase your responsibilities as a pharmacist and expand your scope to become an executive pharmacist.
- 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:
- 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.
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.