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

What does a Pharmacists salary really buy you in Texas?

Texas is 2.5% cheaper than the US average

Data: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-04-02

Nominal Salary
$134,880
Median annual (2024)
+2.6%
Real Purchasing Power
$138,338
COL-adjusted (RPP=97.5)

Texas Cost of Living Index

Texas's Regional Price Parity (RPP) is 97.5, meaning prices are 2.5% lower the national average. A Pharmacists earning $134,880 in Texas has the equivalent purchasing power of $138,338 in an average-cost US state.

TX: 97.5
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 Texas's cost of living.

Percentile Nominal Salary COL-Adjusted Difference
10th Percentile (P10) $89,160 $91,446 +$2,286
25th Percentile (P25) $125,800 $129,025 +$3,225
Median (P50) $134,880 $138,338 +$3,458
75th Percentile (P75) $156,250 $160,256 +$4,006
90th Percentile (P90) $168,210 $172,523 +$4,313
Key Insight

Texas's cost of living is close to the national average, so $134,880 keeps most of its value at $138,338 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

Texas ranks #35 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 Texas after taxes →

Frequently Asked Questions

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

A Pharmacists in Texas earns a median salary of $134,880 per year. After adjusting for Texas's cost of living (RPP=97.5), the real purchasing power is $138,338 — a +2.6% difference.

Is Texas expensive to live in?

Texas's cost of living is 2.5% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Texas is 97.5 (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 Texas: $134,880 x (100 / 97.5) = $138,338. This represents what the salary would be worth in a state with average living costs.

Is it better to be a Pharmacists in Texas financially?

From a purchasing power perspective, yes. A Pharmacists in Texas enjoys 2.6% 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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