Pharmacist Hourly Pay in South Valley, NM: $63.06 (2026)
Quick Answer:Hourly pay for a pharmacist working in South Valley, NM runs $63.06 at the median for 2026 — annualizing to $131,174 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against South Valley's regional price level (BEA RPP 94.4, 6% below national), each hour of work buys what $66.80 nationally would. A 24-hour part-time schedule grosses $78,703 per year.
Based on BLS state-level estimates · View source
For 2026, the projected pharmacist hourly pay in South Valley, NM is $63.06, which is notably lower than the national median of $68.99. This hourly rate shows the compensation landscape for pharmacists in various settings within the region, including retail pharmacy counters and hospital inpatient pharmacies. For part-time pharmacists working three days a week, the income can translate to about $43,427 annually, making it a viable option for those looking to balance work with other commitments. The hourly wage for pharmacists in South Valley varies widely, falling within a range of $43.28 at the entry-level up to $76.91 for high-earning professionals. These estimates are derived from the projected annual salary data, reflecting a broad spectrum of experience and workplace responsibilities.
About the South Valley Market
Salary estimated from New Mexico average ($132,000) adjusted for local cost of living.
Pharmacist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $43.28 | $346.22 |
| Lower Range (P25) | $60.28 | $482.27 |
| Median (P50) | $63.06 | $504.51 |
| Upper Range (P75) | $72.58 | $580.68 |
| Top Earners (P90) | $76.91 | $615.30 |
Estimated Annual Income by Work Schedule in South Valley
Based on $63.06/hr median hourly rate · 2026 est.
At $63.06/hr, a pharmacist working full-time (40 hr/wk) in South Valley, NM can expect to earn approximately $131,172 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $75,676. With a cost-of-living index of 94.40 (below the national average), these earnings stretch further in South Valley.
Hourly Rate Calculator
Schedule Comparison in South Valley
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,522.53 | $10,931 | $131,172 |
| Part-Time (24 hrs) | $1,513.52 | $6,559 | $78,703 |
| Per Diem (16 hrs) | $1,009.01 | $4,372 | $52,469 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (South Valley) | $63.06 |
| Pharmacy Technician (National Avg) | $19.27 |
| Registered Nurse (National Avg) | $42.80 |
| Physician Assistant (National Avg) | $63.17 |
| Nurse Practitioner (National Avg) | $60.81 |
Pharmacists in South Valley, NM earn a median of $131,174 per year (2026 est.), which is 8.58% lower than the national median of $143,489 and 3.20% below the New Mexico state average of $135,511.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $63.06/hr = $78,703/year (purchasing power: $83,372).
Working 40h/week (full-time) = $131,172/year (purchasing power: $138,953).
CoL index: 94.4 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$56.30/hr
2025 BLS Actual
$61.93/hr
2026 Current Est.
$63.06/hr
2019–2027 Growth
+14.1%
Hourly Rate Trajectory for Pharmacists in South Valley (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $56.30/hr | Actual |
| 2020 | $56.57/hr | Actual |
| 2021 | $56.51/hr | Actual |
| 2022 | $58.34/hr | Actual |
| 2023 | $59.79/hr | Actual |
| 2024 | $58.02/hr | Actual |
| 2025 | $61.93/hr | Actual |
| 2026(current) | $63.06/hr | Estimated |
| 2027 | $64.22/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in South Valley grew 10.0% from $56.30/hr (2019) to $61.93/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $64.22/hr by 2027. Part-time and per-diem pharmacists can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the South Valley 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.
Working as an Hourly Pharmacist in South Valley
Consider the earning potential for part-time pharmacists in this environment; working just 24 hours a week can yield a substantial income, albeit less than what full-time counterparts enjoy. For those interested in per diem positions, the rates can vary significantly based on the setting — retail pharmacists often see hourly pay between $55 and $75, while hospital roles can command upwards of $60 to $85 per hour. Specialty areas like oncology may even reach $70 to $95 per hour. Compensation is influenced by employer type, with retail chains, specialty pharmacies, and hospitals offering differing pay scales. Many pharmacists opt for positions with benefits that might pay less per hour but provide critical health insurance, while others pursue higher hourly wages without those advantages. When negotiating pay in South Valley, it's beneficial to consider the overall benefits package against hourly rates, ensuring that your compensation aligns with both financial and personal needs.
More salary data for South Valley, NM:
Frequently Asked Questions
What is the hourly rate for pharmacists in South Valley in 2026?
How much do part-time pharmacists make in South Valley?
Are pharmacists in South Valley paid hourly or salary?
How much does a full-time pharmacist make per year in South Valley?
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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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 1.83% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for pharmacists in South Valley. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for South Valley 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