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Formulary Manager Salary in Duluth, MN

How much does a Formulary Manager make in Duluth, MN?

As of October 01, 2026, the average salary for a Formulary Manager in Duluth, MN is $152,664 per year, which breaks down to an hourly rate of $73.

However, a Formulary Manager's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $166,806
  • Majority Range (25th-75th percentile): $148,800 to $160,066
  • Entry-Level (10th percentile): $145,282
Salary Factors Salary-Boosting Skills Salary by Experience Related Job Salaries Top Paying Cities Explore Related Jobs

Key Factors That Influence Formulary Manager Salaries

A Formulary Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.

How Experience Level Affects Formulary Manager Salaries?

Experience is a primary driver of a Formulary Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $151,222
  • Early Career (1-2 years): $151,396
  • Mid-Level (2-4 years): $151,972
  • Senior-Level (5-8 years): $152,664
  • Expert (over 8 years): $154,543
Levels Salary
Entry Level Formulary Manager$151,222
Intermediate Level Formulary Manager$151,396
Senior Level Formulary Manager$151,972
Specialist Level Formulary Manager$152,664
Expert Level Formulary Manager$154,543
View as Graph

Top Paying Cities for Formulary Managers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $200,412
  • San Francisco: $198,217
  • Oakland: $194,040

Formulary Manager Salary by Company Size: Startups vs. Enterprise

Formulary Manager salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $169,100. While startup companies pay approximate $143,506.

Formulary Manager Salary by Company Size

Company Size Employees Average Salary
Startup 1~50 $143,506
Growth Stage 51~500 $151,671
Established 501~5000 $163,343
Enterprise 5000+ $169,100

Formulary Manager Salary by Industry: Top Paying Sectors

For Formulary Manager roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Pharmaceuticals sectors offer the strongest compensation, at 30% above the average. In contrast, Formulary Manager positions in Insurance or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Formulary Manager as a support function rather than a direct revenue driver.

The top paying industries for a Formulary Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Healthcare$206,561$99.030%
Pharmaceuticals$190,672$92.020%

Formulary Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Formulary Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on October 01, 2026
$148,800
Average $152,664/year
$160,066
$12,400
Average $12,722/month
$13,339
$2,862
Average $2,936/week
$3,078
$72
Average $73/hour
$77
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $160,066 $13,339 $3,078 $77
Average $152,664 $12,722 $2,936 $73
25th Percentile $148,800 $12,400 $2,862 $72

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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