To identify the best and worst states to be a pharmacist, 24/7 Tempo created an index of seven measures that fall into two categories: overall quality of life and quality of pharmacist job.
In the quality of job category, we measured burglary and armed robbery rates of retail and chain pharmacies in each state, concentration of pharmacists in every state, annual median wage, and employment rate for pharmacists. Each measure was given full weight.
In the overall quality of life category we measured cost of living, as determined by the average cost of goods and services in an area relative to the nation as a whole, and housing costs, including average monthly housing costs for homeowners with a mortgage and median gross rent. Each measure was given half weight.
Wage, employment, and location quotient, which is a measure used to reflect the demand for pharmacists in a certain area, came from the May 2018 Occupation Employment Statistics (OES) program from the Bureau of Labor Statistics (BLS). Burglary and armed robbery rate per 100,000 total population was derived from the DEA’s Theft and Loss Report for 2018. Civilian population without health insurance, monthly housing costs, median gross rent, and the 2018 total population used to adjust employment and crime rates was derived from the American Community Survey 2018 1-Year Estimates. Regional price parity for 2017 is from the Bureau of Economic Analysis.