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Pharmacist Salary in Illinois: Cost of Living Adjusted (2024)

What does a Pharmacist salary really buy you in Illinois?

Illinois is near the US average cost of living

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31

Nominal Salary
$135,880
Median annual (2024)
-1.3%
Real Purchasing Power
$134,136
COL-adjusted (RPP=101.3)

Illinois Cost of Living Index

Illinois's Regional Price Parity (RPP) is 101.3, meaning prices are 1.3% higher the national average. A Pharmacist earning $135,880 in Illinois has the equivalent purchasing power of $134,136 in an average-cost US state.

IL: 101.3
Cheapest (~85) US Avg (100) Priciest (~115)

Salary Breakdown: Nominal vs. COL-Adjusted

Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Illinois's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $99,610 $98,331 $-1,278
25th Percentile (P25) $129,630 $127,966 $-1,663
Median (P50) $135,880 $134,136 $-1,743
75th Percentile (P75) $156,410 $154,402 $-2,007
90th Percentile (P90) $166,090 $163,958 $-2,131
Key Insight

Illinois's cost of living is close to the national average, so $135,880 keeps most of its value at $134,136 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Pharmacist (After Cost of Living)

Where does Pharmacist salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.

1. Alaska
$160,000
RPP 102.0
$159,306
RPP 88.0
$158,249
RPP 97.7
$155,000
RPP 86.6
5. Oregon
$153,020
RPP 106.6
$152,841
RPP 88.7
7. Alabama
$152,539
RPP 87.8
$152,123
RPP 92.3
9. Montana
$151,971
RPP 90.3
$151,683
RPP 87.3

Illinois ranks #41 out of 50 states for Pharmacist after cost-of-living adjustment.

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Frequently Asked Questions

What is the real salary for a Pharmacist in Illinois after cost of living?

A Pharmacist in Illinois earns a median salary of $135,880 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $134,136 — a -1.3% difference.

Is Illinois expensive to live in?

Illinois's cost of living is 1.3% higher than the national average according to the BEA Regional Price Parities (2022). The RPP index for Illinois is 101.3 (US average = 100).

What are Regional Price Parities (RPP)?

Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.

How is the cost-of-living adjusted salary calculated?

The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Pharmacist in Illinois: $135,880 x (100 / 101.3) = $134,136. This represents what the salary would be worth in a state with average living costs.

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