Average Buyers and Purchasing Agents Salary in Colorado Springs, CO
In Colorado Springs, CO, Buyers and Purchasing Agents earn an impressive average annual salary of $87,360, significantly outpacing the national average of $80,070. This elevated compensation reflects the specific economic dynamics and demand within the Colorado Springs metropolitan area, suggesting a strong local market for procurement professionals.
Executive Summary
- Average Salary: $87,360 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,870.
- Outlook: With a local workforce of 1,150 Buyers and Purchasing Agents, Colorado Springs demonstrates a substantial presence in this field. The Location Quotient of 1.15 indicates a concentration of these roles slightly above the national average, suggesting a robust and potentially growing demand for skilled procurement professionals within the region.
Salary Overview
The average Buyers and Purchasing Agents in Colorado Springs, CO earns+9.1%above the national average.
$42
$1,680
$7,280
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 Springs have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for goods and services, and the evolving complexity of supply chains likely contribute to upward salary pressure in this sector.
Buyers and Purchasing Agents Salary Distribution in Colorado Springs, CO
Career progression for Buyers and Purchasing Agents in Colorado Springs typically correlates with experience. Entry-level positions might start closer to the lower end of the salary spectrum, while senior roles, characterized by greater responsibility and strategic input, command significantly higher earnings. The percentile gaps in salary distribution underscore the potential for substantial income growth as professionals advance in their careers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,130 | $23.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,520 | $31.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,050 | $38.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,200 | $52.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,870 | $63.4 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$87,360
Gross Pay
Real Wage (Purchasing Power)
$87,360
Adjusted for COL (100)
The average annual salary of $87,360 in Colorado Springs aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Buyer or Purchasing Agent's salary in Colorado Springs is equivalent to the national standard, offering a stable financial foundation without the added pressure of a higher cost of living.
Job Market Context
1,150
Total Jobs
3.619
Per 1K Jobs
1.15
Location Quotient
With a location quotient of 1.15, Colorado Springs, CO has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A Location Quotient of 1.15 signifies that Buyers and Purchasing Agents are 15% more concentrated in Colorado Springs than the national average. This suggests a healthy job market with a slightly higher availability of these roles relative to the general workforce, potentially indicating a competitive environment for employers seeking talent and good opportunities for job seekers.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Northwest Colorado nonmetropolitan area Buyers and Purchasing Agents Salary | $73,100↓ 16% | 32 mi |
| Southwest Colorado nonmetropolitan area Buyers and Purchasing Agents Salary | $71,170↓ 19% | 32 mi |
| Eastern and Southern Colorado nonmetropolitan area Buyers and Purchasing Agents Salary | $69,090↓ 21% | 32 mi |
| Pueblo, CO Buyers and Purchasing Agents Salary | $69,070↓ 21% | 42 mi |
| Denver-Aurora-Centennial, CO Buyers and Purchasing Agents Salary | $90,170↑ 3% | 62 mi |
Comparing salaries near Colorado Springs, CO
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Colorado Springs, CO?
The median annual salary for a Buyers and Purchasing Agents in Colorado Springs, CO is $87,360. This typically ranges from $49,130 for entry-level positions to $131,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Colorado Springs, CO is 9.1% higher than the national median of $80,070.
Is Colorado Springs, CO a lucrative place for Buyers and Purchasing Agents?
Yes, Colorado Springs offers a lucrative environment for Buyers and Purchasing Agents.The average salary of $87,360 is notably higher than the national average, and the cost of living is on par with the national average, providing excellent purchasing power.
Is Colorado Springs, CO a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Colorado Springs, CO is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Colorado Springs, CO?
Some top paying nearby cities include Northwest Colorado nonmetropolitan area ($73,100) and Southwest Colorado nonmetropolitan area.
How does the Colorado Springs salary compare to the national average?
Buyers and Purchasing Agents in Colorado Springs earn an average of $87,360 annually, which is $7,290 more than the national average of $80,070.
What is the concentration of Buyers and Purchasing Agents in Colorado Springs?
The Location Quotient for Buyers and Purchasing Agents in Colorado Springs is 1.15, indicating a concentration that is 15% higher than the national average.
How does the cost of living in Colorado Springs affect salary perception?
With a Cost of Living Index of 100, Colorado Springs matches the national average, meaning the higher local salary translates directly to equivalent purchasing power compared to the rest of the country.
What is the total workforce size for this role in Colorado Springs?
There are approximately 1,150 Buyers and Purchasing Agents employed within the Colorado Springs metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,150 employees in the Colorado Springs, CO area with a job density of 3.619 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 Springs, CO