Average Buyers and Purchasing Agents Salary in Colorado
Buyers and Purchasing Agents in Colorado earn an impressive average annual salary of $87,480, significantly above the national average of $80,070. This elevated compensation reflects the state's robust economic activity and the specialized skills required for procurement roles within its dynamic industries. The demand for skilled purchasing professionals in Colorado is a key driver behind this favorable salary landscape.
Executive Summary
- Average Salary: $87,480 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,890.
- Outlook: Colorado's market for Buyers and Purchasing Agents appears robust, evidenced by a substantial local workforce of 11,030 individuals. The location quotient of 1.21 indicates a higher concentration of these roles in Colorado compared to the national average, suggesting a strong and potentially growing demand for professionals in this field. With 3.817 jobs per 1,000 workers, the data points to a healthy job market with ample opportunities.
Salary Overview
The average Buyers and Purchasing Agents in Colorado earns+9.3%above the national average.
$42.1
$1,682
$7,290
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 Colorado have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for skilled professionals, and evolving supply chain complexities likely contribute to an upward trajectory in compensation for these vital roles.
Buyers and Purchasing Agents Salary Distribution in Colorado
Salary progression for Buyers and Purchasing Agents in Colorado typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, requiring extensive negotiation skills, strategic sourcing expertise, and leadership capabilities, command significantly higher salaries. The percentile gaps in earnings clearly signify the career progression and increased earning potential as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,070 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,610 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,180 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,350 | $52.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,890 | $63.4 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$87,480
Gross Pay
Real Wage (Purchasing Power)
$82,919
Adjusted for COL (105.5)
The average annual salary of $87,480 in Colorado presents a strong purchasing power, even when considering the local Cost of Living Index of 105.5, which is only slightly above the national average. This indicates that while expenses may be marginally higher than the national benchmark, the higher average salary provides a comfortable living standard for Buyers and Purchasing Agents in the state.
Job Market Context
11,030
Total Jobs
3.817
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Colorado has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
With a location quotient of 1.21, Colorado demonstrates a notable concentration of Buyers and Purchasing Agents relative to the national average. This suggests that the job market in Colorado is more specialized and potentially more competitive for these roles than in other parts of the country, indicating a healthy demand that outpaces the national average presence.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Buyers and Purchasing Agents Salary | $87,360↓ 0% | 32 mi |
| Denver-Aurora-Centennial, CO Buyers and Purchasing Agents Salary | $90,170↑ 3% | 54 mi |
| Pueblo, CO Buyers and Purchasing Agents Salary | $69,070↓ 21% | 66 mi |
| Boulder, CO Buyers and Purchasing Agents Salary | $93,950↑ 7% | 67 mi |
| Greeley, CO Buyers and Purchasing Agents Salary | $78,470↓ 10% | 98 mi |
Comparing salaries near Colorado
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Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Colorado?
The median annual salary for a Buyers and Purchasing Agents in Colorado is $87,480. This typically ranges from $51,070 for entry-level positions to $131,890 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado is 9.3% higher than the national median of $80,070.
Is Colorado a lucrative place for Buyers and Purchasing Agents?
Yes, Colorado offers lucrative opportunities for Buyers and Purchasing Agents.The average salary of $87,480 significantly exceeds the national average, and the location quotient of 1.21 indicates a higher concentration of these roles, suggesting strong demand.
Is Colorado a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Colorado is 105.5. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado?
Some top paying nearby cities include Colorado Springs, CO ($87,360) and Denver-Aurora-Centennial, CO.
How does Colorado's average salary compare to the national average for Buyers and Purchasing Agents?
Colorado's average annual salary for Buyers and Purchasing Agents is $87,480, which is notably higher than the national average of $80,070.
What is the concentration of Buyers and Purchasing Agents in Colorado?
Colorado has a location quotient of 1.21 for Buyers and Purchasing Agents, meaning the concentration of these jobs is 21% higher than the national average.
How does the cost of living in Colorado affect the salary for Buyers and Purchasing Agents?
Colorado's cost of living index is 105.5, slightly above the national average. However, the higher average salary of $87,480 helps to offset these increased costs, offering good purchasing power.
What is the total number of Buyers and Purchasing Agents employed in Colorado?
There are approximately 11,030 Buyers and Purchasing Agents employed in Colorado.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 11,030 employees in the Colorado area with a job density of 3.817 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 Colorado