Average Buyers and Purchasing Agents Salary in Chicago-Naperville-Elgin, IL-IN
In the Chicago-Naperville-Elgin, IL-IN metropolitan area, Buyers and Purchasing Agents earn an average annual salary of $79,180. This figure is slightly below the national average of $80,070, indicating a competitive but not significantly higher compensation landscape. Local economic factors and industry demand within this major hub contribute to the prevailing wage for these critical procurement roles.
Executive Summary
- Average Salary: $79,180 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,480.
- Outlook: The Chicago-Naperville-Elgin area boasts a substantial workforce of 14,720 Buyers and Purchasing Agents, with a Location Quotient of 1.04. This suggests a market where the concentration of these professionals is slightly above the national average, implying a robust and active demand for their specialized skills within the region's diverse economic sectors.
Salary Overview
The average Buyers and Purchasing Agents in Chicago-Naperville-Elgin, IL-IN earns-1.1%below the national average.
$38.1
$1,523
$6,598
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally observed that salaries for Buyers and Purchasing Agents across major metropolitan areas like Chicago have seen consistent growth over the past four years. This upward trend is typically driven by inflation, increasing demand for skilled professionals, and the evolving complexities of supply chain management.
Buyers and Purchasing Agents Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Buyers and Purchasing Agents in Chicago-Naperville-Elgin, IL-IN typically correlates with experience. Entry-level positions may start closer to the lower end of the salary spectrum, while senior roles, demanding greater expertise in negotiation, market analysis, and strategic sourcing, command significantly higher compensation. The percentile gaps in earnings clearly signify the value placed on accumulated experience and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,550 | $23.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $59,385 | $28.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $75,110 | $36.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,975 | $47.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,480 | $56 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$79,180
Gross Pay
Real Wage (Purchasing Power)
$79,180
Adjusted for COL (100)
With an average annual salary of $79,180 and a Cost of Living Index precisely at the national average of 100, the purchasing power for Buyers and Purchasing Agents in Chicago-Naperville-Elgin, IL-IN is effectively aligned with the national standard. This means that the nominal salary translates directly to average living expenses, offering stability for those relocating or residing in the area.
Job Market Context
14,720
Total Jobs
3.29
Per 1K Jobs
1.04
Location Quotient
With a location quotient of 1.04, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
The Location Quotient of 1.04 for Buyers and Purchasing Agents in Chicago-Naperville-Elgin, IL-IN indicates a market with a concentration of these roles that is marginally higher than the national average. This suggests a healthy, competitive job market where employers actively seek these professionals, reflecting the region's significant industrial and commercial activity.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Buyers and Purchasing Agents Salary | $68,270↓ 14% | 41 mi |
| Kenosha, WI Buyers and Purchasing Agents Salary | $73,010↓ 8% | 51 mi |
| Kankakee, IL Buyers and Purchasing Agents Salary | $71,980↓ 9% | 55 mi |
| Racine-Mount Pleasant, WI Buyers and Purchasing Agents Salary | $74,770↓ 6% | 59 mi |
| Niles, MI Buyers and Purchasing Agents Salary | $75,650↓ 4% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Buyers and Purchasing Agents in Chicago-Naperville-Elgin, IL-IN is $79,180. This typically ranges from $49,550 for entry-level positions to $116,480 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 1.1% lower than the national median of $80,070.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Buyers and Purchasing Agentss?
Yes, it offers competitive compensation.Buyers and Purchasing Agents in this area earn an average of $79,180, which is closely aligned with the national average, and the cost of living is also at the national average, indicating stable purchasing power.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($68,270) and Kenosha, WI.
How does the Chicago salary compare to the national average?
The average salary for Buyers and Purchasing Agents in Chicago-Naperville-Elgin, IL-IN is $79,180, which is slightly lower than the national average of $80,070.
What is the concentration of Buyers and Purchasing Agents in Chicago?
The concentration, measured by the Location Quotient, is 1.04, indicating a slightly higher presence of these professionals compared to the national average.
How does the cost of living in Chicago affect salary perception?
The Cost of Living Index is 100, meaning it is exactly at the national average. Therefore, the $79,180 salary offers purchasing power equivalent to the national average.
What does the job market look like for Buyers and Purchasing Agents in this area?
With a substantial local workforce and a Location Quotient slightly above average, the job market is robust and indicates consistent demand for skilled Buyers and Purchasing Agents.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,720 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 3.29 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 Chicago-Naperville-Elgin, IL-IN