Pharmacist Salary in Southaven, MS: $120,966 (2026)
Quick Answer:A full-time pharmacist in Southaven, MS earns a median $120,966/year (≈ $58.16/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Southaven's price level (14% below national, BEA RPP 85.7), that paycheck buys what $141,151 would nationally. Nominal pay sits 1.6% below the Mississippi state average.
Based on BLS state-level estimates · View source
In 2026, pharmacists in Southaven, MS, can anticipate a median annual salary of $120,966, reflecting a significant adjustment compared to the national average of $143,489. The salary range for this role varies from $89,286 at the 10th percentile to $143,579 at the 90th percentile, showcasing the potential for considerable variation based on experience, specialty, and setting. These figures are derived from estimates based on 2025 BLS data and regional cost adjustments, highlighting that while the local pay may not match national levels, there are still competitive opportunities, particularly for those with residency training seeking roles in hospital or specialty environments. The Southaven job market features a concentrated pool of 14 pharmacists, indicating a relatively stable workforce in the area.
About the Southaven Market
Salary estimated from Mississippi average ($122,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $89,286 | $42.92 |
| Lower Range (P25) | $113,198 | $54.42 |
| Median (P50)(typical) | $120,966 | $58.16 |
| Upper Range (P75) | $135,874 | $65.32 |
| Top Earners (P90) | $143,579 | $69.03 |
Median Salary Position
15.7% below the national average
2026 Salary Percentile Distribution in Southaven
In Southaven, MS, the pharmacist salary spread from the 10th to 90th percentile is $54,293 (2026 est.). At $120,966, the local median is 15.7% below the national median of $143,489.
Salary Calculator
At 40 hours/week in Southaven: You'd be above the median
How Southaven Pharmacist Pay Compares
Southaven median: $120,966/year (2026)
| Compared To | Median Salary | Southaven Pays |
|---|---|---|
| Mississippi Average | $122,933 | -1.60% less |
| National Average | $143,489 | -15.70% less |
Pharmacists in Southaven, MS earn a median of $120,966 per year (2026 est.), which is 15.70% lower than the national median of $143,489 and 1.60% below the Mississippi state average of $122,933.
Cost-of-Living Adjusted Salary
Southaven has a cost of living 14.30% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Southaven, MS has a cost-of-living index of 85.7 (below the national average of 100). A pharmacist earning $120,966 nominally has purchasing power equivalent to $141,151 in an average-cost city — an effective 16.69% boost.
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2019 BLS Actual
$107,984
2025 BLS Actual
$118,792
2026 Current Est.
$120,966
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Southaven (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $107,984 | Actual |
| 2020 | $108,507 | Actual |
| 2021 | $108,389 | Actual |
| 2022 | $111,913 | Actual |
| 2023 | $114,678 | Actual |
| 2024 | $102,850 | Actual |
| 2025 | $118,792 | Actual |
| 2026(current) | $120,966 | Estimated |
| 2027 | $123,180 | Projected |
Based on 7 years of BLS OEWS data for the Southaven metropolitan area, the median pharmacist salary grew 10.0% from $107,984 (2019) to $118,792 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $123,180 by 2027 — a total increase of $15,196 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Southaven 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) | $89,286 – $113,198 |
| 3-5 years (Mid Career) | $113,198 – $120,966 |
| 5+ years (Experienced) | $120,966 – $135,874 |
| 10+ years (Top Earner) | $135,874 – $143,579 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Southaven
Examining the local job market deeply, the cost of living index for Southaven stands at 85.7, which suggests that while pharmacist salaries may be lower than the national median, the purchasing power is enhanced due to more affordable living conditions. Among local employers, hospital inpatient pharmacies and specialty pharmacies like Accredo often offer the highest compensation packages, especially for pharmacists with advanced certifications. Factors such as residency training, board certification stipends, and shifts in demand due to the ongoing consolidation of retail pharmacy chains contribute to the pay disparity in the area. To maximize pharmacist pay in Southaven, professionals are advised to pursue specialized training and consider roles in expanding sectors such as ambulatory care clinics or managed care positions which highlight clinical expertise.
More salary data for Southaven, MS:
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 $118,792 for pharmacistsin the Southaven 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
Salary data for Southaven 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