Pharmacist Salary in Taos, NM: $124,611 (2026)
Quick Answer:A full-time pharmacist in Taos, NM earns a median $124,611/year (≈ $59.91/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1051). Once you factor in Taos's price level (6% below national, BEA RPP 94.4), that paycheck buys what $132,003 would nationally. Nominal pay sits 8.0% below the New Mexico state average.
Based on BLS state-level estimates · View source
In Taos, New Mexico, the projected pharmacist salary in 2026 is $124,611 annually, which reflects a notable difference compared to the national median of $143,489, indicating a local pay scale approximately 13.16% lower than many other regions. The salary range for pharmacists in the area extends from $94,132 at the 10th percentile to $142,968 at the 90th percentile, capturing the varied pay scales based on experience and workplace settings. These figures, derived from BLS state-level data and adjusted for regional price disparities, highlight the distinct structural divide between hospital clinical specialists and retail pharmacy roles. This distinction is crucial, as it impacts compensation and job opportunities significantly, suggesting a competitive landscape in Taos for pharmacy professionals.
About the Taos Market
Salary estimated from New Mexico average ($132,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $94,132 | $45.25 |
| Lower Range (P25) | $117,967 | $56.72 |
| Median (P50)(typical) | $124,611 | $59.91 |
| Upper Range (P75) | $138,140 | $66.41 |
| Top Earners (P90) | $142,968 | $68.74 |
Median Salary Position
13.16% below the national average
2026 Salary Percentile Distribution in Taos
In Taos, NM, the pharmacist salary spread from the 10th to 90th percentile is $48,836 (2026 est.). At $124,611, the local median is 13.16% below the national median of $143,489.
Salary Calculator
At 40 hours/week in Taos: You'd be above the median
How Taos Pharmacist Pay Compares
Taos median: $124,611/year (2026)
| Compared To | Median Salary | Taos Pays |
|---|---|---|
| New Mexico Average | $135,447 | -8.00% less |
| National Average | $143,489 | -13.16% less |
Pharmacists in Taos, NM earn a median of $124,611 per year (2026 est.), which is 13.16% lower than the national median of $143,489 and 8.00% below the New Mexico state average of $135,447.
Cost-of-Living Adjusted Salary
Taos has a cost of living 5.60% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Taos, NM has a cost-of-living index of 94.4 (below the national average of 100). A pharmacist earning $124,611 nominally has purchasing power equivalent to $132,003 in an average-cost city — an effective 5.93% boost.
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2019 BLS Actual
$111,239
2025 BLS Actual
$122,372
2026 Current Est.
$124,611
2019–2027 Growth
+14.1%
Salary Trajectory for Pharmacists in Taos (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 1.83% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $111,239 | Actual |
| 2020 | $111,777 | Actual |
| 2021 | $111,655 | Actual |
| 2022 | $115,286 | Actual |
| 2023 | $118,134 | Actual |
| 2024 | $114,634 | Actual |
| 2025 | $122,372 | Actual |
| 2026(current) | $124,611 | Estimated |
| 2027 | $126,892 | Projected |
Based on 7 years of BLS OEWS data for the Taos metropolitan area, the median pharmacist salary grew 10.0% from $111,239 (2019) to $122,372 (2025). At a 1.83% compound annual growth rate, salaries are projected to reach $126,892 by 2027 — a total increase of $15,653 (14.07%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Taos 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) | $94,132 – $117,967 |
| 3-5 years (Mid Career) | $117,967 – $124,611 |
| 5+ years (Experienced) | $124,611 – $138,140 |
| 10+ years (Top Earner) | $138,140 – $142,968 |
PharmD salary ranges estimated from BLS percentile data. Individual pharmacist compensation varies by employer, certifications, and specialization.
Pharmacist Job Market in Taos
Despite having only four pharmacists employed locally, Taos's cost of living index at 94.4 suggests that residents face affordable living conditions relative to other parts of the U.S. This environment allows pharmacists to stretch their salaries further, making the effective take-home pay more favorable. Among the local employers, hospital inpatient pharmacies are typically the highest payers, compared to retail chains like CVS and Walgreens, which may offer lower salaries due to the ongoing retail consolidation impacting employment. The spread in salaries can be influenced by various factors, including board certification stipends, shift differentials for overnight or high-demand hours, and the value placed on residency training. For pharmacists looking to maximize their pay, focusing on roles in hospitals or acquiring additional certifications that highlight specialization could provide better opportunities in this evolving market in Taos, NM.
More salary data for Taos, NM:
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 $122,372 for pharmacistsin the Taos 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 Taos 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