Pharmacy Tech Salary: Things You Need to Know

Pharmacy technicians are responsible for a myriad of tasks that contribute to the smooth operation of pharmacies. From preparing medications and receiving prescriptions from patients to maintaining inventory and scheduling patient appointments, their role is essential to the healthcare industry as a whole. Not surprisingly, many people aspire to become pharmacy technicians these days, as it offers stability, opportunities for advancement, and competitive pay. But how much exactly do pharmacy techs earn? Let's dive into their yearly salaries and see how you can unlock your financial freedom as a pharmacy tech with just a little bit of dedication and hard work.

The Average Pharmacy Tech Salary

According to the Bureau of Labor Statistics (BLS), the median annual wage for pharmacy technicians in the United States was $35,250 as of May 2020. On average, that's about $16.93 per hour. The top 10% of earners make more than $50,000 per year, while the lowest 10% earn less than $25,000. Pharmacy techs who work in general medical and surgical hospitals tend to earn the most compared to those who work in retail settings.

Factors That Affect Pharmacy Tech Salaries

While the nationwide average pharmacy tech salary is around $35,000 per year, several factors can impact how much they earn. Below are some of the key factors that can influence a pharmacy tech's salary:

• Years of experience
• Certifications held
• Type of employer
• Location and cost of living

The Highest Paying Industries for Pharmacy Techs

As previously mentioned, pharmacy techs working in general medical and surgical hospitals tend to bring home higher salaries than those working elsewhere. However, below are some additional industries that offer above-average wages for pharmacy technicians:

• Business, Professional, Labor, Political, and Similar Organizations: $43,570 annually or $20.96 per hour
• Pharmaceutical and Medicine Manufacturing: $42,760 annually or $20.56 per hour
• Warehousing and Storage: $42,630 annually or $20.49 per hour
• Psychiatric and Substance Abuse Hospitals: $41,810 annually or $20.10 per hour
• Scientific Research and Development Services: $40,920 annually or $19.66 per hour

The Best Paying States for Pharmacy Tech Employment

The state you live in can also play a significant role in determining the salary you can earn. Many states require pharmacy techs to be certified and/or registered with the state board before becoming employed. Below are the top states with the highest average salaries for pharmacy technicians:

Conclusion: Pharmacy Techs Enjoy Good Wages and Numerous Perks

The annual salaries earned by the hard-working individuals who serve as pharmacy technicians reflect the demand and nature of the job. Living in certain states or having certain designations such as being an authorized pharmacy technician add to the earning potential of pharmacy techs. Beyond earning favorable compensation, individuals who become pharmacy techs benefit from a busy yet regulated atmosphere of coworkers who are unified in upholding public health whilst enjoying comfort perks such as steady schedules, flexibility, excellent health perks, growth opportunities, decent retirement benefits and an unquantifiable gratification one feels due to being able to help others remains unmatched.

To learn more about how you can break into this fulfilling and in-demand field, check out our latest full guide The Ultimate Guide to Becoming a Pharmacy Technician. With determination, you too can unlock your financial freedom and achieve your career dreams!