Average Buyers and Purchasing Agents Salary in Central Kentucky nonmetropolitan area
In the Central Kentucky nonmetropolitan area, Buyers and Purchasing Agents earn an average annual salary of $64,710. This figure is notably below the national average of $80,070, reflecting regional economic factors and the specific demand dynamics within this locale. The compensation is directly influenced by the concentration of industries and the overall economic landscape of the area.
Executive Summary
- Average Salary: $64,710 per year.
- Growth Trend: Salaries have shifted 26.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $91,940.
- Outlook: The job market for Buyers and Purchasing Agents in Central Kentucky's nonmetropolitan area appears stable, with a total local workforce of 480 individuals in this role. The Location Quotient of 0.87 suggests a slightly lower concentration of these professionals compared to the national average, indicating a steady but not exceptionally high demand. The presence of 2.755 jobs per 1,000 workers further supports a consistent, albeit moderate, employment environment for this occupation.
Salary Overview
The average Buyers and Purchasing Agents in Central Kentucky nonmetropolitan area earns-19.2%below the national average.
$31.1
$1,244
$5,393
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for this precise region and role isn't provided, it's reasonable to assume that salaries for Buyers and Purchasing Agents in Central Kentucky have experienced gradual growth over the past four years, mirroring national trends. Economic development and evolving supply chain complexities likely contribute to a steady upward pressure on wages, though regional economic conditions may moderate the pace of this increase compared to more dynamic metropolitan areas.
Buyers and Purchasing Agents Salary Distribution in Central Kentucky nonmetropolitan area
Career progression for Buyers and Purchasing Agents in Central Kentucky typically involves a salary increase tied to experience. Entry-level positions might start closer to the lower percentiles of the salary range, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies significant earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,080 | $18.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $48,533 | $23.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,130 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $80,888 | $38.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $91,940 | $44.2 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$64,710
Gross Pay
Real Wage (Purchasing Power)
$64,710
Adjusted for COL (100)
The nominal average salary of $64,710 in Central Kentucky's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the average salary in this region is equivalent to the national average. While the salary is lower than the national average for the role, the cost of living being at par suggests that the real value of the income is comparable to the national standard.
Job Market Context
480
Total Jobs
2.755
Per 1K Jobs
0.87
Location Quotient
Central Kentucky nonmetropolitan area has 0.87x the national average concentration of Buyers and Purchasing Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.87, the Central Kentucky nonmetropolitan area exhibits a slightly lower concentration of Buyers and Purchasing Agents relative to the national average. This suggests that while the profession is present and necessary, the market may not be saturated, potentially offering stable opportunities for qualified individuals. It indicates a balanced job market where demand is present but not overwhelmingly competitive.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Buyers and Purchasing Agents Salary | $70,990↑ 10% | 28 mi |
| Elizabethtown, KY Buyers and Purchasing Agents Salary | $68,440↑ 6% | 66 mi |
| Louisville/Jefferson County, KY-IN Buyers and Purchasing Agents Salary | $69,880↑ 8% | 72 mi |
| Cincinnati, OH-KY-IN Buyers and Purchasing Agents Salary | $77,750↑ 20% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Central Kentucky nonmetropolitan area?
The median annual salary for a Buyers and Purchasing Agents in Central Kentucky nonmetropolitan area is $64,710. This typically ranges from $39,080 for entry-level positions to $91,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 19.2% lower than the national median of $80,070.
Is Central Kentucky nonmetropolitan area a lucrative place for Buyers and Purchasing Agentss?
No, it is not considered highly lucrative compared to national standards.The average salary of $64,710 is significantly lower than the national average of $80,070, although the cost of living is on par with the national average.
Is Central Kentucky nonmetropolitan area a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($70,990) and Elizabethtown, KY.
How does the total workforce size affect job prospects?
A local workforce of 480 suggests a moderate-sized market. While not as large as metropolitan areas, it indicates a stable presence of the profession with consistent, though perhaps fewer, job openings.
What does a Location Quotient of 0.87 imply?
A Location Quotient of 0.87 means that Buyers and Purchasing Agents are slightly less concentrated in this region than the national average. This could translate to less competition for available roles.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $64,710 salary offers purchasing power equivalent to the national average. This offsets the lower nominal salary when considering overall affordability.
What are the typical career paths for Buyers and Purchasing Agents?
Career paths often involve progressing from junior buyer roles to senior purchasing agent positions, potentially specializing in specific industries or types of goods, with corresponding salary increases based on responsibility and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 480 employees in the Central Kentucky nonmetropolitan area area with a job density of 2.755 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 Central Kentucky nonmetropolitan area