Pharmacist Hourly Pay in Collierville, TN: $65.19 (2026)
Quick Answer:Hourly pay for a pharmacist working in Collierville, TN runs $65.19 at the median for 2026 — annualizing to $135,599 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 29-1051). Weighted against Collierville's regional price level (BEA RPP 91.8, 8% below national), each hour of work buys what $71.01 nationally would. A 24-hour part-time schedule grosses $81,359 per year.
Based on BLS state-level estimates · View source
Pharmacist hourly pay in Collierville, Tennessee, is projected to reach $65.19 in 2026, which reflects a slight decrease compared to the national median of $68.99. This hourly rate can provide a stable income for part-time workers who might operate on a three-day workweek, allowing them to earn a reasonable income while maintaining a flexible schedule. For per-diem pharmacists, who often work in various environments like retail pharmacy counters, inpatient hospital pharmacies, or specialty pharmacies, the earning potential can vary significantly. The hourly wage range in the area spans from $44.59 for entry-level positions to $77.44 for top earners, largely influenced by settings such as ambulatory care clinics and key roles in mail-order operations. It’s essential to view these hourly estimates through the lens of an annual salary, knowing they are derived from projected yearly figures.
About the Collierville Market
Salary estimated from Tennessee average ($128,000) adjusted for local cost of living.
Pharmacist Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $44.59 | $356.73 |
| Lower Range (P25) | $58.56 | $468.50 |
| Median (P50) | $65.19 | $521.53 |
| Upper Range (P75) | $74.69 | $597.54 |
| Top Earners (P90) | $77.44 | $619.53 |
Estimated Annual Income by Work Schedule in Collierville
Based on $65.19/hr median hourly rate · 2026 est.
At $65.19/hr, a pharmacist working full-time (40 hr/wk) in Collierville, TN can expect to earn approximately $135,598 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $78,230. With a cost-of-living index of 91.80 (below the national average), these earnings stretch further in Collierville.
Hourly Rate Calculator
Schedule Comparison in Collierville
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,607.66 | $11,300 | $135,598 |
| Part-Time (24 hrs) | $1,564.60 | $6,780 | $81,359 |
| Per Diem (16 hrs) | $1,043.07 | $4,520 | $54,239 |
Compare PharmD Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Pharmacist (Collierville) | $65.19 |
| 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 Collierville, TN earn a median of $135,599 per year (2026 est.), which is 5.50% lower than the national median of $143,489 and 0.20% above the Tennessee state average of $135,328.
Pharmacist Hourly Pay vs. Cost of Living
Working 24h/week at $65.19/hr = $81,359/year (purchasing power: $88,626).
Working 40h/week (full-time) = $135,598/year (purchasing power: $147,711).
CoL index: 91.8 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$58.20/hr
2025 BLS Actual
$64.02/hr
2026 Current Est.
$65.19/hr
2019–2027 Growth
+14.1%
Hourly Rate Trajectory for Pharmacists in Collierville (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $58.20/hr | Actual |
| 2020 | $58.48/hr | Actual |
| 2021 | $58.41/hr | Actual |
| 2022 | $60.31/hr | Actual |
| 2023 | $61.80/hr | Actual |
| 2024 | $56.62/hr | Actual |
| 2025 | $64.02/hr | Actual |
| 2026(current) | $65.19/hr | Estimated |
| 2027 | $66.38/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for pharmacists in Collierville grew 10.0% from $58.20/hr (2019) to $64.02/hr (2025). At a 1.83% projected growth rate, hourly pay is expected to reach $66.38/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 Collierville 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 Collierville
For those considering part-time work, a pharmacist's three-day schedule, accounting for approximately 24 hours weekly, equates to an annual take-home pay considerably lower than what a full-time position would yield. Per-diem pharmacist pay in Collierville typically ranges based on the specialty practice area; retail pharmacists may earn between $55 and $75 per hour, while hospital clinical positions might see rates of $60 to $85. For specialty roles, particularly in oncology or critical care, the hourly pay can rise to between $70 and $95. Additionally, hourly rates fluctuate significantly across various employer types — from retail giants like Walgreens and CVS to specialty and mail-order pharmacies such as Accredo. Some pharmacists accept lower hourly wages in exchange for health benefits when working in traditional settings, while others prioritize maximizing their hourly pay without benefits in per-diem roles. When negotiating, pharmacists should emphasize their unique skill sets, such as board certifications and residency experience, to secure favorable terms in a competitive job market like Collierville.
More salary data for Collierville, TN:
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
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 Collierville. 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 Collierville 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