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

What does a Pharmacists 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 2026-04-02

Nominal Salary
$135,120
Median annual (2024)
-1.3%
Real Purchasing Power
$133,385
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 Pharmacists earning $135,120 in Illinois has the equivalent purchasing power of $133,385 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) $98,290 $97,028 $-1,261
25th Percentile (P25) $126,390 $124,768 $-1,621
Median (P50) $135,120 $133,385 $-1,734
75th Percentile (P75) $155,570 $153,573 $-1,996
90th Percentile (P90) $162,180 $160,098 $-2,081
Key Insight

Illinois's cost of living is close to the national average, so $135,120 keeps most of its value at $133,385 in real terms. Location choice here is more about career opportunities than cost arbitrage.

Best States for Pharmacists (After Cost of Living)

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

$153,977
RPP 88.0
$153,705
RPP 97.7
$151,859
RPP 86.6
$151,826
RPP 88.7
$151,278
RPP 92.3
6. Alabama
$150,205
RPP 87.8
7. Alaska
$149,735
RPP 102.0
$149,358
RPP 87.3
$148,230
RPP 91.0
10. Iowa
$148,065
RPP 88.4

Illinois ranks #41 out of 51 states for Pharmacists after cost-of-living adjustment.

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How much do you actually take home? See Pharmacists take-home pay in Illinois after taxes →

Frequently Asked Questions

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

A Pharmacists in Illinois earns a median salary of $135,120 per year. After adjusting for Illinois's cost of living (RPP=101.3), the real purchasing power is $133,385 — 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 Pharmacists in Illinois: $135,120 x (100 / 101.3) = $133,385. This represents what the salary would be worth in a state with average living costs.

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