Pharmacy Technician Salary New Mexico

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Pharmacy Technician Salary New Mexico: A Comprehensive Guide

Pharmacy technicians play a critical role in the healthcare industry by supporting pharmacists in dispensing medication and ensuring patients receive the correct prescriptions. However, with rising costs of living and education, many individuals considering a career as a pharmacy technician wonder about the potential salary. This comprehensive guide will cover the most commonly asked questions about pharmacy technician salary in New Mexico.

Pharmacy Technician Salary in New Mexico: Why Understanding it is an Important

Understanding pharmacy technician salaries is crucial for anyone interested in pursuing a career in this field. It helps individuals make informed decisions about their education, certifications, and potential job opportunities. Additionally, knowing salary expectations can help New Mexico pharmacy technicians negotiate for better wages and benefits. This guide will cover various aspects of pharmacy technician salary, including:
  • Average pharmacy technician salary in New Mexico
  • Factors that affect New Mexico pharmacy technician salary
  • Job outlook for pharmacy technicians in New Mexico
  • Benefits of being a pharmacy technician in New Mexico
Read on to learn more about what influences New Mexico pharmacy technician salaries and what you can expect from a career in this field.

Average Pharmacy Technician Salary New Mexico: What You Need to Know

One of the most common questions individuals have when considering a career as a New Mexico pharmacy technician is, “How much can I expect to earn?” While salaries can vary depending on various factors, including experience and location, understanding the national average salary is a good place to start.

Overview of National Average Salary for Pharmacy Technicians

In New Mexico:

  • Workers on average earn $36,690.
  • 10% of workers earn $28,980 or less.
  • 10% of workers earn $47,830 or more.

In the United States:

  • Workers on average earn $36,740.
  • 10% of workers earn $28,740 or less.
  • 10% of workers earn $47,580 or more.
Location Hourly Median Annual Median
United States $17.66 $36,740
New Mexico $17.64 $36,690
Albuquerque, NM $17.89 $37,210
Eastern New Mexico nonmetropolitan area $17.48 $36,360
Farmington, NM $18.03 $37,510
Las Cruces, NM $16.72 $34,780
Northern New Mexico nonmetropolitan area $17.75 $36,920
Santa Fe, NM $17.75 $36,910

How Location, Experience, and Industry Can Affect Salary

While the national average provides a general idea of what pharmacy technicians can expect to earn, it’s important to remember that salaries can vary depending on several factors, including:
  • Geographic location
  • Years of experience
  • Type of employer
For example, pharmacy technicians in urban areas may earn higher salaries than those in rural areas. Similarly, those with more years of experience or certifications may earn more than entry-level pharmacy technicians. Additionally, pharmacy technicians in hospitals or other specialized industries may earn higher salaries than those in retail pharmacies.

Comparison of Pharmacy Technician Salary to Other Healthcare Positions

While New Mexico pharmacy technician salaries can vary depending on several factors, they generally fall within the average range for healthcare positions. According to the U.S. Bureau of Labor Statistics, the median annual wage for healthcare occupations was $52,940 as of May 2020, with pharmacy technicians falling slightly below this median. Overall, pharmacy technician salaries provide a comfortable living wage, especially considering the relatively low educational requirements and the potential for career growth.

Pharmacy Technician Salary New Mexico: Factors That Affect Your Salary

While the national average salary provides a starting point for understanding what pharmacy technicians can expect to earn, several factors can impact salary potential. Understanding these factors can help individuals make informed decisions about their education, certifications, and potential job opportunities.

Pharmacy Technician Salary New Mexico Factors: Certification and Education

Certification and education can significantly impact a pharmacy technician’s salary potential. According to the U.S. Bureau of Labor Statistics, pharmacy technicians who hold certifications or completed post-secondary education programs may earn higher salaries than those who don’t.

Pharmacy Technician Salary New Mexico Factors: Type of Employer

The type of employer can also impact a pharmacy technician’s salary potential. While retail pharmacies are the most common employers of pharmacy technicians, those who work in hospitals or other specialized industries may earn higher salaries.
  • Retail pharmacies
  • Hospitals
  • Specialized industries (such as mail-order pharmacies)

Pharmacy Technician Salary New Mexico Factors: Geographic location

Geographic location is another factor that can impact a pharmacy technician’s salary. According to the U.S. Bureau of Labor Statistics, pharmacy technicians in states with higher costs of living, such as California and Hawaii, tend to earn higher salaries than those in states with lower costs of living, such as Alabama and Mississippi.
  • Cost of living in the state
  • Demand for pharmacy technicians in the area
  • State-specific laws and regulations affecting pharmacy technician salaries

Pharmacy Technician Salary New Mexico Factors: Years of Experience

Years of experience can also impact a pharmacy technician’s salary potential. Generally, those with more experience tend to earn higher salaries than those who are just starting.
  • Entry-level pharmacy technicians
  • Experienced pharmacy technicians
  • Senior pharmacy technicians
By considering these factors, individuals can make informed decisions about their education, certifications, and potential job opportunities, ultimately leading to higher salary potential as a pharmacy technician.

Job Outlook for Pharmacy Technicians in New Mexico: What You Need to Know

In addition to understanding pharmacy technician salary potential, it’s important to consider the job outlook for this occupation. Job outlook refers to the predicted growth in job opportunities for a particular occupation over a specific time period.

Predicted Growth in Job Opportunities for Pharmacy Technicians

According to the U.S. Bureau of Labor Statistics, employment of pharmacy technicians is projected to grow 4 – 7 percent from 2021 to 2031, about as fast as the average for all occupations. As the baby boomer population ages and requires more healthcare services, the demand for pharmacy technicians is expected to grow. Additionally, advances in pharmaceutical Research and development may increase the need for pharmacy technicians to assist in medication management and dispensing.

How Job Outlook Can Affect Your Pharmacy Tech Salary in New Mexico

Job outlook can have a significant impact on salary potential. When demand for a particular occupation is high, employers may offer higher salaries and better benefits to attract and retain qualified workers. In the case of pharmacy technicians, predicted growth in job opportunities might lead to increased competition among employers for qualified candidates, potentially leading to higher salaries and benefits.

Comparison of Job Outlook to Other Healthcare Positions

Compared to other healthcare positions, the job outlook for pharmacy technicians falls in the middle of the pack. According to the U.S. Bureau of Labor Statistics, the employment of healthcare occupations is projected to grow 15 percent from 2019 to 2029, much faster than the average for all occupations. However, some healthcare positions, such as physician assistants and nurse practitioners, are projected to experience even higher growth rates than pharmacy technicians. Overall, the predicted growth in job opportunities for pharmacy technicians indicates a stable and potentially lucrative career path, especially when combined with competitive salaries and benefits.

Benefits of Being a Pharmacy Technician in New Mexico: What You Need to Know

In addition to competitive salaries, there are several other benefits to pursuing a career as a pharmacy technician. From job security to growth opportunities, here are some of the top benefits of this occupation.

Benefits of Being a Pharmacy Technician in New Mexico: Job Security

Job security is one of the most significant benefits of being a pharmacy technician. As the demand for healthcare services continues to grow, the need for pharmacy technicians is also expected to increase. Pharmacy technicians can enjoy a stable career path with plenty of job opportunities.

Benefits of Being a Pharmacy Technician in New Mexico: Growth Opportunities

Another benefit of being a pharmacy technician is the potential for career growth. With additional education and certifications, pharmacy technicians can advance into roles with more responsibility and higher salaries, such as pharmacy supervisor or pharmacy manager.

Benefits of Being a Pharmacy Technician in New Mexico: Flexible Schedules

Pharmacy technicians may also enjoy flexible work schedules. Many pharmacies are open 24 hours a day, seven days a week, meaning that pharmacy technicians can work flexible shifts, including evenings and weekends.

Benefits of Being a Pharmacy Technician in New Mexico: Contribution to Patient Care

Pharmacy technicians play a crucial role in ensuring that patients receive the correct medications and dosages. By supporting pharmacists in medication management and dispensing, pharmacy technicians contribute to patients’ overall health and well-being, providing a sense of fulfillment and purpose in their work. Overall, being a pharmacy technician in New Mexico can be a rewarding and potentially lucrative career path. With competitive salaries, job security, growth opportunities, flexible schedules, and the opportunity to contribute to patient care, pharmacy technicians can enjoy a fulfilling and satisfying career in the healthcare industry.

Pharmacy Tech Salary New Mexico: Summary of Key Points

From understanding average salaries to considering factors that can impact salary potential, there are several important things to know about pharmacy technician salary. Additionally, considering this occupation’s job outlook and benefits can help individuals make informed decisions about their career paths. Here are some of the key points to keep in mind when it comes to pharmacy technician salary:
  • The national average salary for pharmacy technicians is $36,740 per year or $17.66 per hour.
  • Factors that can impact salary potential include certification and education, type of employer, geographic location, and years of experience.
  • The predicted growth in job opportunities for pharmacy technicians indicates a stable and potentially lucrative career path.
  • Besides competitive salaries, being a pharmacy technician can provide job security, growth opportunities, flexible schedules, and the opportunity to contribute to patient care.

Are You Considering a Career as a Pharmacy Technician in New Mexico?

If you’re considering a career as a pharmacy technician, it’s important to remember that this occupation provides a stable and potentially lucrative career path with plenty of job opportunities. With additional education and certifications, pharmacy technicians can advance into roles with more responsibility and higher salaries. Additionally, the flexible schedules and opportunity to contribute to patient care provide a sense of fulfillment and purpose in your work.

Final Thoughts and Suggestions for Further Research About Becoming a Pharmacy Technician

Whether you’re just starting to consider a career as a pharmacy technician or you’re already on the path to becoming one, it’s important to continue researching and learning about this occupation. Contact current pharmacy technicians or employers in your area to learn more about salary potential and job opportunities. Additionally, staying up-to-date on industry news and trends can help you make informed decisions about your education and career path.

Additional Pharmacy Tech Resources

Disclaimer: Sources are listed to provide additional information on related jobs, specialties, and/or industries. Links to non-DOL Internet sites are provided for your convenience and do not constitute an endorsement.

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