Average Buyers and Purchasing Agents Salary in Binghamton, NY
In Binghamton, NY, Buyers and Purchasing Agents earn an average annual salary of $79,650. This figure is remarkably close to the national average of $80,070, indicating a stable and competitive compensation landscape. Local economic factors and industry demand in Binghamton contribute to this closely aligned pay rate.
Executive Summary
- Average Salary: $79,650 per year.
- Growth Trend: Salaries have shifted 16.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,090.
- Outlook: With a local workforce of 340 Buyers and Purchasing Agents, Binghamton presents a moderately sized but concentrated job market. The Location Quotient of 1.1 suggests that this role is slightly more prevalent in Binghamton than the national average, hinting at a steady demand for these professionals within the region's industries.
Salary Overview
The average Buyers and Purchasing Agents in Binghamton, NY earns-0.5%below the national average.
$38.3
$1,532
$6,638
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Buyers and Purchasing Agents in Binghamton, mirroring national trends, have experienced consistent growth over the past four years. This growth is typically driven by inflation, increased demand for procurement expertise, and the evolving complexity of supply chains.
Buyers and Purchasing Agents Salary Distribution in Binghamton, NY
Career progression for Buyers and Purchasing Agents in Binghamton, as elsewhere, is typically marked by increasing salary potential. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting their value and contribution to organizational efficiency.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,460 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,738 | $28.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $72,520 | $34.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $99,563 | $47.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,090 | $59.7 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$79,650
Gross Pay
Real Wage (Purchasing Power)
$79,650
Adjusted for COL (100)
The average salary of $79,650 in Binghamton, NY, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Buyer and Purchasing Agent's salary in Binghamton is effectively equivalent to the national average, offering a stable financial footing for residents.
Job Market Context
340
Total Jobs
3.482
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Binghamton, NY has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A Location Quotient of 1.1 signifies that Binghamton has a slightly higher concentration of Buyers and Purchasing Agents compared to the national average. This suggests a healthy, albeit not overwhelmingly saturated, job market where professionals can find opportunities without facing extreme competition, while also indicating a recognized need for these roles locally.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Buyers and Purchasing Agents Salary | $71,520↓ 10% | 39 mi |
| Elmira, NY Buyers and Purchasing Agents Salary | $69,160↓ 13% | 46 mi |
| Southwest New York nonmetropolitan area Buyers and Purchasing Agents Salary | $71,410↓ 10% | 49 mi |
| Central East New York nonmetropolitan area Buyers and Purchasing Agents Salary | $71,830↓ 10% | 49 mi |
| Capital/Northern New York nonmetropolitan area Buyers and Purchasing Agents Salary | $70,090↓ 12% | 49 mi |
Comparing salaries near Binghamton, NY
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Binghamton, NY?
The median annual salary for a Buyers and Purchasing Agents in Binghamton, NY is $79,650. This typically ranges from $47,460 for entry-level positions to $124,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 0.5% lower than the national median of $80,070.
Is Binghamton, NY a lucrative place for Buyers and Purchasing Agentss?
Yes, Binghamton, NY offers a competitive salary for Buyers and Purchasing Agents.The average salary of $79,650 is on par with the national average, and the cost of living is also at the national average, indicating good earning potential relative to expenses.
Is Binghamton, NY a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($71,520) and Elmira, NY.
How does the Binghamton salary compare to the national average?
The average salary for Buyers and Purchasing Agents in Binghamton, NY is $79,650, which is very close to the national average of $80,070.
What is the cost of living in Binghamton, NY?
Binghamton, NY has a cost of living index of 100, which is exactly the national average, meaning expenses are neither significantly higher nor lower than the typical US city.
How concentrated is the job market for Buyers and Purchasing Agents in Binghamton?
With a Location Quotient of 1.1, the market is slightly more concentrated than the national average, suggesting a stable demand for these professionals in the local economy.
What is the total number of Buyers and Purchasing Agents in Binghamton?
There are approximately 340 Buyers and Purchasing Agents employed in the Binghamton, NY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 340 employees in the Binghamton, NY area with a job density of 3.482 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 Binghamton, NY