Pharmacist Salary: Indianapolis, IN vs New York, NY
Side-by-side comparison of wages and local price levels for Pharmacists in Indianapolis, IN and New York, NY, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | Indianapolis, IN | New York, NY | Diff |
|---|---|---|---|
| Median Annual Salary | $151,050▲ | $141,320 | +$9,730 |
| 25th Percentile | $135,120▲ | $130,320 | +$4,800 |
| 75th Percentile | $161,440 | $165,410▲ | -$3,970 |
| 90th Percentile | $170,110 | $175,840▲ | -$5,730 |
| Price Level (BEA 2024, US = 100) | 95.7 | 112.6 | -16.9 |
| Median at National-Average Prices | $157,844▲ | $125,547 | +$32,297 |
| Total Employment | 2,220 | 20,000 | -17,780 |
3Summary Analysis
On paper, Indianapolis, IN pays $9,730 more (median: $151,050 vs $141,320). BEA's regional price parity is 95.7 in Indianapolis, IN and 112.6 in New York, NY (United States = 100). At national-average prices the medians are $157,844 and $125,547, so Indianapolis, IN comes out ahead once local prices are counted.
5Reading This Comparison
The $9,730 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $157,844 for Indianapolis and $125,547 for New York, a difference of $32,297.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (Indianapolis-Carmel-Greenwood, IN; New York-Newark-Jersey City, NY-NJ) and cover prices only, not taxes.
BLS estimates 2,220 Pharmacist jobs in the Indianapolis area and 20,000 in the New York area. For broader context, see our Indiana overview and the full Pharmacist city ranking.
Frequently Asked Questions
Is Pharmacist salary higher in Indianapolis, IN or New York, NY?
Indianapolis, IN has the higher median wage for Pharmacists ($151,050 per year, against $141,320 in New York, NY; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $157,844 in Indianapolis, IN and $125,547 in New York, NY.
How do prices compare between Indianapolis, IN and New York, NY?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 95.7 for the Indianapolis-Carmel-Greenwood, IN metropolitan area and 112.6 for the New York-Newark-Jersey City, NY-NJ metropolitan area, where the United States is 100. That is 4.3% below the national level for Indianapolis, IN and 12.6% above the national level for New York, NY.
Which city pays Pharmacists more once local prices are counted?
Indianapolis, IN: at national-average prices its median Pharmacist wage is $157,844, against $125,547 for New York, NY. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.