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

What does a Pharmacist salary really buy you in Missouri?

Missouri is 8.9% cheaper than the US average

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

Nominal Salary
$137,910
Median annual (2024)
+9.8%
Real Purchasing Power
$151,383
COL-adjusted (RPP=91.1)

Missouri Cost of Living Index

Missouri's Regional Price Parity (RPP) is 91.1, meaning prices are 8.9% lower the national average. A Pharmacist earning $137,910 in Missouri has the equivalent purchasing power of $151,383 in an average-cost US state.

MO: 91.1
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 Missouri's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $86,010 $94,412 +$8,402
25th Percentile (P25) $127,470 $139,923 +$12,453
Median (P50) $137,910 $151,383 +$13,473
75th Percentile (P75) $155,320 $170,493 +$15,173
90th Percentile (P90) $165,210 $181,350 +$16,140
Key Insight

A Pharmacist in Missouri earns $137,910 on paper, but low living costs mean your money goes 10% further — like earning $151,383 in an average-cost state. This makes Missouri one of the best value states for this occupation.

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

Missouri ranks #11 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 Missouri after cost of living?

A Pharmacist in Missouri earns a median salary of $137,910 per year. After adjusting for Missouri's cost of living (RPP=91.1), the real purchasing power is $151,383 — a +9.8% difference.

Is Missouri expensive to live in?

Missouri's cost of living is 8.9% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Missouri is 91.1 (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 Missouri: $137,910 x (100 / 91.1) = $151,383. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Pharmacist in Missouri financially?

From a purchasing power perspective, yes. A Pharmacist in Missouri enjoys 9.8% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.

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