Average Buyers and Purchasing Agents Salary in Albany-Schenectady-Troy, NY
In Albany-Schenectady-Troy, NY, Buyers and Purchasing Agents earn an average annual salary of $78,110. This figure is slightly below the national average of $80,070, indicating a localized compensation structure influenced by regional economic factors and industry demand within the Capital Region. The specific needs and competitive landscape of businesses in this area shape the compensation offered to these crucial procurement professionals.
Executive Summary
- Average Salary: $78,110 per year.
- Growth Trend: Salaries have shifted 16.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,690.
- Outlook: The Albany-Schenectady-Troy area supports a local workforce of 1,680 Buyers and Purchasing Agents, representing a concentration (Location Quotient) of 1.2. This suggests that the role is more prevalent in this region than the national average, pointing to a robust and potentially growing demand for these professionals within the local economy. The presence of nearly 3.8 jobs per 1,000 workers further underscores the significance of this sector in the area.
Salary Overview
The average Buyers and Purchasing Agents in Albany-Schenectady-Troy, NY earns-2.4%below the national average.
$37.6
$1,502
$6,509
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Buyers and Purchasing Agents in Albany-Schenectady-Troy have experienced a steady upward trend over the past four years, mirroring national patterns of wage growth. This growth is typically driven by inflation, increasing demand for skilled procurement professionals, and the evolving complexities of supply chain management.
Buyers and Purchasing Agents Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Buyers and Purchasing Agents in Albany-Schenectady-Troy typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting their increased value and responsibility in managing complex procurement strategies and supplier relationships.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,910 | $23 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,583 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,770 | $34.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,638 | $46.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,690 | $56.6 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$78,110
Gross Pay
Real Wage (Purchasing Power)
$78,110
Adjusted for COL (100)
With an average annual salary of $78,110 and a Cost of Living Index of 100 (matching the national average), the nominal salary in Albany-Schenectady-Troy offers purchasing power equivalent to the national standard. This means that the $78,110 earned locally will generally cover living expenses at a similar level to what $80,070 would in a higher cost-of-living area, making it a financially stable location for these professionals.
Job Market Context
1,680
Total Jobs
3.797
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
The Location Quotient of 1.2 for Buyers and Purchasing Agents in Albany-Schenectady-Troy indicates a higher concentration of these roles compared to the national average. This suggests a competitive job market where demand is slightly elevated, potentially offering more opportunities for skilled professionals. While not exceptionally high, this concentration implies a stable and active market for procurement specialists in the region.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Buyers and Purchasing Agents Salary | $78,550↑ 1% | 31 mi |
| Glens Falls, NY Buyers and Purchasing Agents Salary | $76,240↓ 2% | 45 mi |
| Kingston, NY Buyers and Purchasing Agents Salary | $68,480↓ 12% | 52 mi |
| Southwest New York nonmetropolitan area Buyers and Purchasing Agents Salary | $71,410↓ 9% | 68 mi |
| Central East New York nonmetropolitan area Buyers and Purchasing Agents Salary | $71,830↓ 8% | 68 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Albany-Schenectady-Troy, NY?
The median annual salary for a Buyers and Purchasing Agents in Albany-Schenectady-Troy, NY is $78,110. This typically ranges from $47,910 for entry-level positions to $117,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 2.4% lower than the national median of $80,070.
Is Albany-Schenectady-Troy, NY a lucrative place for Buyers and Purchasing Agentss?
Yes, it offers competitive compensation relative to the cost of living.The average salary of $78,110 aligns perfectly with the national average cost of living, making it a financially stable choice. Furthermore, the slightly higher concentration of these roles suggests a healthy job market.
Is Albany-Schenectady-Troy, NY a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($78,550) and Glens Falls, NY.
How does the Albany-Schenectady-Troy salary compare to the national average?
The average salary for Buyers and Purchasing Agents in Albany-Schenectady-Troy is $78,110, which is slightly lower than the national average of $80,070.
What is the concentration of Buyers and Purchasing Agents in Albany-Schenectady-Troy?
The concentration, measured by the Location Quotient, is 1.2, indicating that these roles are more prevalent in the Albany-Schenectady-Troy area than the national average.
How does the Cost of Living in Albany-Schenectady-Troy affect salary perception?
With a Cost of Living Index of 100, the national average, the $78,110 salary provides purchasing power equivalent to the national standard, making it neither exceptionally high nor low in real terms.
What does the workforce size suggest about job availability?
A local workforce of 1,680 suggests a substantial presence of Buyers and Purchasing Agents, indicating a consistent demand for these professionals within the region's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,680 employees in the Albany-Schenectady-Troy, NY area with a job density of 3.797 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Buyers and Purchasing Agents • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY