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

What does a Pharmacist salary really buy you in Montana?

Montana is 9.7% cheaper than the US average

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

Nominal Salary
$137,230
Median annual (2024)
+10.7%
Real Purchasing Power
$151,971
COL-adjusted (RPP=90.3)

Montana Cost of Living Index

Montana's Regional Price Parity (RPP) is 90.3, meaning prices are 9.7% lower the national average. A Pharmacist earning $137,230 in Montana has the equivalent purchasing power of $151,971 in an average-cost US state.

MT: 90.3
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 Montana's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $100,990 $111,838 +$10,848
25th Percentile (P25) $130,630 $144,662 +$14,032
Median (P50) $137,230 $151,971 +$14,741
75th Percentile (P75) $151,690 $167,984 +$16,294
90th Percentile (P90) $161,590 $178,947 +$17,357
Key Insight

A Pharmacist in Montana earns $137,230 on paper, but low living costs mean your money goes 11% further — like earning $151,971 in an average-cost state. This makes Montana 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

Montana ranks #9 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 Montana after cost of living?

A Pharmacist in Montana earns a median salary of $137,230 per year. After adjusting for Montana's cost of living (RPP=90.3), the real purchasing power is $151,971 — a +10.7% difference.

Is Montana expensive to live in?

Montana's cost of living is 9.7% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Montana is 90.3 (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 Montana: $137,230 x (100 / 90.3) = $151,971. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Pharmacist in Montana financially?

From a purchasing power perspective, yes. A Pharmacist in Montana enjoys 10.7% 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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