Pharmacists Salary
The median pay for a pharmacists in New Mexico is $147,000/year ($70.67/hour), per BLS data. The range runs from $104K at the entry level to $174K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $157,963 in buying power. Rent on a 2-bedroom averages $1,119/month, or 12.5% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New Mexico. Jump to a metro for precise data:
So what does $147K get you in New Mexico?
About pharmacists
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What this looks like in New Mexico
Pharmacists pay in New Mexico tracks closely to the national median, $147K locally vs. $141K nationwide, a 4% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,119/month, 12.8% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.06 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level pharmacists (10th percentile) start around $104K. Mid-career wages sit at $147K. Top earners bring in $174K or more, a $71K spread from bottom to top.
Pharmacists salary by metro in New Mexico
4 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Santa Fe | $151K | +2% | 110 |
| Farmington | $147K | +0% | 80 |
| Albuquerque | $147K | +0% | 1,000 |
| Las Cruces | $136K | -8% | 120 |
Compare to other states
Track pharmacists salary changes
BLS updates this data quarterly. We'll email you when New Mexico numbers change.
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Frequently asked questions
Can a pharmacist afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $147K, rent takes 12.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for pharmacists in New Mexico?
The 10th-percentile wage — what new pharmacists typically earn — is $104K/year. Take-home on that works out to about $6,210/month. At HUD’s $1,119/month FMR, rent would take 18% of that take-home — manageable on an entry-level income.
Is pharmacist a high-paying job in New Mexico?
Pay here is roughly in line with the national average — $147K locally vs. $141K nationally, a 4% difference.
How does New Mexico compare to the national average for pharmacists?
New Mexico pays $147K median vs. the U.S. average of $141K — that’s +4%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $158K — still ahead of the national median.
How much do pharmacists make in New Mexico?
The median is $147,000 a year, that works out to about $71 an hour. But the range is wide: entry-level workers start around $103,500, and experienced pharmacists can clear $174,200. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $147K enough to live in New Mexico?
On that salary, you'd take home roughly $8,752/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 12.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a pharmacists salary go in New Mexico?
New Mexico has a Regional Price Parity of 93.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median pharmacists salary is worth about $157,963 in national-average purchasing power.
Where do pharmacists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.