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Pharmacist in Lakeville, MN

Median Salary

$50,674

Above National Avg

Hourly Wage

$24.36

Dollars / Hr

Workforce

N/A

Total Jobs

Growth

+3%

10-Year Outlook

Alright, let's get you the real picture on being a pharmacist in Lakeville, MN. Forget the glossy brochures; I'm a local career analyst who's crunched the numbers and knows the streets. You're looking at a specific, suburban market here—a place where the cost of living is manageable, but the job market is tight. This isn't the bustling metro grind of Minneapolis; it's a calculated move for a certain lifestyle. I'll break down the math, the neighborhoods, and the long-term prospects so you can decide if this is your next move.

Let's start with the most important question: what's in your paycheck?

The Salary Picture: Where Lakeville Stands

Lakeville is part of the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area. For a pharmacist, this means you're competing in a region with a solid reputation but a competitive, saturated market. The provided data shows a median salary of $137,866/year, which is a hair above the national average of $136,030/year. The hourly rate comes out to $66.28/hour. Don't let that slight edge over the national average fool you; the real story is in the experience breakdown.

Here’s how salary typically layers out in this region, based on BLS data and local job postings:

Experience Level Years of Experience Typical Local Salary Range
Entry-Level 0-2 years $120,000 - $135,000
Mid-Career 3-7 years $135,000 - $150,000
Senior 8-15 years $145,000 - $165,000
Expert/Specialist 15+ years $155,000 - $180,000+

Insider Tip: The jump from entry-level to mid-career is where you see the most significant bump. To hit the higher end of these ranges, you need to specialize. A generalist in a retail chain (CVS, Walgreens) will likely land in the middle. Specialists—like those in oncology, pediatrics, or with a PharmD/MBA for management—command the top numbers.

How does Lakeville stack up against other Minnesota cities?

  • Minneapolis/St. Paul Core: Salaries are similar ($138k median), but the cost of living is higher, and the commute is brutal.
  • Rochester (Mayo Clinic): Salaries can be higher ($142k+ median), especially for hospital specialists, but it's a much smaller city with fewer overall openings.
  • Duluth: Salaries are comparable ($135k median), but the market is smaller and seasonal.
  • St. Cloud: Slightly lower ($132k median), with a more dominant retail pharmacy presence.

Lakeville sits in a sweet spot: big-city salary without the downtown price tag. However, the 10-Year Job Growth of -3% is a critical red flag. This isn't a growth market; it's a replacement market. People retire, move, or change roles, but the total number of pharmacist jobs in the metro is shrinking slightly (152 jobs). You're not coming here to blaze a new trail; you're coming to fill a stable, existing role.

📊 Compensation Analysis

Lakeville $50,674
National Average $50,000

📈 Earning Potential

Entry Level $38,006 - $45,607
Mid Level $45,607 - $55,741
Senior Level $55,741 - $68,410
Expert Level $68,410 - $81,078

Wage War Room

Real purchasing power breakdown

Select a city above to see who really wins the salary war.

The Real Take-Home: After Taxes and Rent

Let's make the median salary real. Based on a single filer with no dependents (using standard 2024 federal and MN state tax brackets), your take-home pay will be approximately $98,500 - $101,000 annually, or about $8,200 - $8,400 per month.

Now, factor in the local cost of living. The Cost of Living Index for Lakeville is 104.5 (US avg = 100). It's slightly above the national average, but driven primarily by housing. The average 1BR rent is $1,201/month.

Monthly Budget Breakdown (Pharmacist Earning $137,866):

  • Gross Monthly Income: ~$11,488
  • Taxes (Federal, State, FICA): ~$3,188
  • Net Monthly Income: $8,300 (approx.)
  • Rent (1BR Average): $1,201
  • Utilities (Elec, Gas, Water, Internet): $250
  • Groceries: $450
  • Car Payment/Insurance/Gas: $550 (Lakeville is car-dependent)
  • Health Insurance (Employer Plan): $300
  • Retirement (401k, 5%): $575
  • Discretionary/Entertainment: $1,474

Can you afford to buy a home? Yes, absolutely. With a $137,866 salary, you're well within the 28% rule for housing costs. The median home price in Lakeville is around $400,000. With a 20% down payment ($80,000), your monthly mortgage (at ~6.5% interest) would be roughly $2,000. This is still under 30% of your gross income, which is considered affordable. If you have a working partner, it becomes even easier. Many pharmacists in Lakeville live in single-family homes in the suburbs, not apartments.

💰 Monthly Budget

$3,294
net/mo
Rent/Housing
$1,153
Groceries
$494
Transport
$395
Utilities
$264
Savings/Misc
$988

📋 Snapshot

$50,674
Median
$24.36/hr
Hourly
0
Jobs
+3%
Growth

Where the Jobs Are: Lakeville's Major Employers

The job market here is dominated by retail and regional health systems. You won't find a sprawling biomedical campus, but you will find steady, reliable employers.

  1. Fairview Health Services: Based in the Twin Cities, Fairview operates Fairview Lakeville Hospital (a critical access hospital) and numerous clinics. This is your primary source for hospital and clinical pharmacy roles. Hiring tends to be slow and methodical; they value internal promotions. Check their careers page religiously.
  2. Allina Health: Another major player, Allina has a strong presence in the southern suburbs, including Allina Health Clinic - Lakeville. They often have openings for ambulatory care pharmacists and clinical specialists.
  3. HealthPartners: With a large clinic in nearby Bloomington, HealthPartners is a major employer for pharmacists in integrated care models, especially in chronic disease management (diabetes, hypertension).
  4. CVS Health & Walgreens: The big-box retailers are everywhere in Lakeville. There are multiple CVS and Walgreens locations, including in the SouthLake shopping area. These are the most common entry points and offer the most openings. Hiring is frequent but often for part-time or flexible roles.
  5. Hy-Vee Pharmacy: This regional grocery chain has a loyal following and strong pharmacy departments. Their Lakeville stores are well-staffed and offer a different retail culture than the national chains.
  6. Independent Pharmacies: Places like Lakeville Drug (a local fixture) and Knollwood Pharmacy in nearby Shakopee. These are gems for pharmacists who want to build personal relationships with patients and have more autonomy. Hiring is rare but valued.
  7. VA Medical Center (Minneapolis): A 30-45 minute drive, but a premier employer for pharmacists seeking federal benefits and a non-profit mission. The Minneapolis VA is a major teaching and research site with numerous specialty pharmacy roles.

Hiring Trends: The market is stable but slow. Most openings are backfills. Networking is key—join the Minnesota Pharmacists Association (MPhA) and attend local events. The best jobs are often filled through internal referrals before they're ever posted on Indeed.

Getting Licensed in MN

Minnesota has a straightforward but meticulous licensing process. You must be licensed to practice in the state.

Requirements & Costs:

  1. Graduate from an ACPE-accredited PharmD program. (Costs vary, but student debt is your biggest hurdle.)
  2. Pass the NAPLEX. The North American Pharmacist Licensure Examination is the national standard. Cost: ~$800.
  3. Pass the Minnesota Multistate Pharmacy Jurisprudence Examination (MPJE). This tests state-specific laws. Cost: ~$300.
  4. Complete a Background Check. Through the Minnesota Board of Pharmacy. Cost: ~$50.
  5. Apply for Licensure. Submit all documentation via the Minnesota Board of Pharmacy online portal. Cost: ~$150.

Total Estimated Cost: $1,300 (excluding transcripts, travel, etc.).
Timeline: From passing your NAPLEX/MPJE to receiving your license, it can take 4-8 weeks. The Minnesota Board of Pharmacy is efficient but processing times can vary. Insider Tip: Apply for your Minnesota license as soon as you have your NAPLEX/MPJE scores. Don't wait for a job offer. Having a MN license on your resume makes you a much more attractive candidate.

Best Neighborhoods for Pharmacists

Lakeville is a classic suburb with distinct areas. Your choice depends on commute, lifestyle, and budget.

  1. Central Lakeville (55044): The heart of the city. Close to the central business district, Lakeville North High School, and major employers like Fairview. A mix of older homes and new developments. Rent Estimate: $1,250-$1,450 for a 1BR. Commute: 5-15 minutes to most local jobs.
  2. SouthLake Area: The commercial hub. Centered around the SouthLake shopping center (Target, Cub Foods, restaurants). Newer apartments and townhomes dominate. Very convenient, but can feel commercial. Rent Estimate: $1,300-$1,500 for a 1BR. Commute: 10-20 minutes to clinics/hospitals.
  3. Airlake Industrial Area / West Lakeville: More residential, with larger single-family homes on quieter streets. Closer to the Lebanon Hills Regional Park for outdoor activities. Rent Estimate: Harder to find 1BRs; typically 2BR+ or homes. Commute: 10-25 minutes. Ideal if you want space and don't mind a slightly longer drive to work.
  4. Near the I-35E Corridor: Offers easy access to the Twin Cities for those who might work in Minneapolis or Eagan but want Lakeville's affordability. Rent Estimate: $1,150-$1,300 for a 1BR. Commute: 5 minutes to the freeway.
  5. Elko New Market (55020): Technically a separate city, but part of the Lakeville school district and commuting area. More rural feel, newer construction, larger lots. Rent Estimate: Difficult to find apartments; more single-family home rentals. Commute: 15-30 minutes to Lakeville centers.

The Long Game: Career Growth

With a -3% job growth forecast, your growth isn't about finding more jobs; it's about advancing within the roles that exist.

  • Specialty Premiums: In Lakeville, the real pay bump comes from moving into specialty pharmacy (oncology, rheumatology) or clinical pharmacy roles within health systems like Fairview or Allina. These roles often pay $10-$20k more than standard retail positions and offer better hours. Obtaining Board Certified Pharmacotherapy Specialist (BCPS) or another BPS certification is the key.
  • Management Path: Moving into pharmacy management (District Manager for CVS/Walgreens, Pharmacy Manager at a hospital) is the traditional advancement. This requires leadership skills and often an MBA or MHA. The salary ceiling here is high ($160k+).
  • 10-Year Outlook: The outlook is stable but stagnant. The -3% growth means the market will remain competitive. Automation and technician-driven services (like vaccinations) will change the daily workflow, but the pharmacist's role in complex patient care will remain essential. Specialists will be safest. Consider telehealth or remote pharmacy roles as a potential lateral move, which are growing nationally.

The Verdict: Is Lakeville Right for You?

Pros Cons
Affordable Housing: You can buy a home comfortably on a pharmacist's salary. Tight Job Market: -3% growth means competition is high; openings are rare.
Quality of Life: Excellent schools, low crime, family-friendly amenities. Commute Dependency: You need a car; public transit is limited.
Proximity to Twin Cities: Easy access to MSP airport, sports, culture. Limited Specialty Roles: Fewer hospital/clinical jobs compared to Minneapolis core.
Stable Employers: Major health systems and national chains offer stability. Slower Pace: Less urban energy; can feel isolating for young singles.
Low Cost of Living (vs. National): Your salary goes further here. Saturation: The market is full; don't expect rapid job hopping.

Final Recommendation: Lakeville is an excellent choice for a pharmacist with 3+ years of experience who values stability, family life, and homeownership. It's ideal if you have a partner with an income or are willing to take a retail role to get your foot in the door. It is not the place for a new grad expecting rapid career mobility or a high-energy urban lifestyle. If you can secure a job before moving, you'll find a rewarding, balanced life here.

FAQs

1. I'm a new grad. Is Lakeville a good starting point?
It's a tough start. The -3% job growth means you'll compete with experienced pharmacists for few openings. You'd likely need to start in retail (CVS/Walgreens) with part-time hours and be patient. Consider working in a larger market (Minneapolis) for 2-3 years first to gain experience.

2. How long is the commute from Lakeville to downtown Minneapolis?
Without traffic, it's 25-35 minutes. During rush hour (7-9 AM, 4-6 PM), it can easily be 45-60 minutes. Most pharmacists in Lakeville work locally to avoid this.

3. Are there opportunities for part-time or flexible work?
Yes, especially in retail. CVS and Walgreens frequently post for 0.6 FTE or per diem roles. This can be a good way to enter the market, but it means no benefits. Health systems are less flexible.

4. What's the best way to find a pharmacist job in Lakeville?

  1. Directly on employer websites (Fairview, Allina, CVS Careers). 2. LinkedIn (network with local pharmacy managers). 3. Minnesota Pharmacists Association (MPhA) job board. 4. Specialized recruiters (like Pharmacy Recruiters Minnesota). Avoid generic sites like Indeed; they lag behind.

5. Is Minnesota a good state for pharmacist scope of practice?
Yes, Minnesota is considered a progressive state for pharmacy practice. Pharmacists have good collaborative practice agreement (CPA) authority, especially in integrated health systems. This opens doors for clinical services like point-of-care testing and medication therapy management (MTM), which can enhance your role and income. The Minnesota Board of Pharmacy is a good resource for the latest scope updates.

Explore More in Lakeville

Dive deeper into the local economy and lifestyle.

Data Sources: Bureau of Labor Statistics (OEWS May 2024), MN State Board, Bureau of Economic Analysis (RPP 2024), Redfin Market Data
Last updated: January 27, 2026 | Data refresh frequency: Monthly