Average Buyers and Purchasing Agents Salary in Fargo, ND-MN
In Fargo, ND-MN, Buyers and Purchasing Agents earn an average annual salary of $70,190. This figure is notably below the national average of $80,070, reflecting regional economic factors and industry demand specific to the area. While the nominal salary is lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $70,190 per year.
- Growth Trend: Salaries have shifted 17.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,690.
- Outlook: The Fargo, ND-MN market for Buyers and Purchasing Agents shows a moderate presence, with a total local workforce of 360 individuals. The Location Quotient of 0.76 suggests that this profession is slightly less concentrated here compared to the national average, indicating a stable but not exceptionally high demand. The rate of 2.414 jobs per 1,000 workers further supports this assessment of a steady employment landscape.
Salary Overview
The average Buyers and Purchasing Agents in Fargo, ND-MN earns-12.3%below the national average.
$33.8
$1,350
$5,849
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for Fargo's Buyers and Purchasing Agents is not provided, it's reasonable to assume a general trend of salary growth mirroring national patterns over the past four years. Economic shifts, inflation, and evolving industry needs typically drive incremental increases in compensation for procurement professionals, suggesting that current salaries may represent an upward trajectory from previous years.
Buyers and Purchasing Agents Salary Distribution in Fargo, ND-MN
Salary progression for Buyers and Purchasing Agents in Fargo, ND-MN, is typically tied to experience and demonstrated expertise. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with extensive negotiation skills and supply chain management knowledge can expect significantly higher compensation. The percentile gaps in salary distribution underscore the potential for career advancement and increased earning power as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,480 | $21.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,643 | $25.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,300 | $31.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,738 | $42.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $98,690 | $47.4 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$70,190
Gross Pay
Real Wage (Purchasing Power)
$70,190
Adjusted for COL (100)
The average annual salary of $70,190 in Fargo, ND-MN, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Buyer or Purchasing Agent's salary in Fargo is equivalent to that of someone earning the national average salary in a location with a national average cost of living. Therefore, the nominal salary, while lower than the national average, offers a comparable standard of living locally.
Job Market Context
360
Total Jobs
2.414
Per 1K Jobs
0.76
Location Quotient
Fargo, ND-MN has 0.76x 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 0.76, the market for Buyers and Purchasing Agents in Fargo, ND-MN, is less concentrated than the national average. This suggests that while the profession is present and necessary, it may not be a primary industry hub. Consequently, job seekers might face moderate competition, but opportunities exist for those with specialized skills, as the demand is consistent with the workforce size.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Grand Forks, ND-MN Buyers and Purchasing Agents Salary | $78,580↑ 12% | 74 mi |
Comparing salaries near Fargo, ND-MN
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Fargo, ND-MN?
The median annual salary for a Buyers and Purchasing Agents in Fargo, ND-MN is $70,190. This typically ranges from $45,480 for entry-level positions to $98,690 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Fargo, ND-MN is 12.3% lower than the national median of $80,070.
Is Fargo, ND-MN a lucrative place for Buyers and Purchasing Agents?
No, but cost of living is average.The average salary of $70,190 is below the national average, but the cost of living index is exactly at the national average, meaning your earnings will have average purchasing power locally.
Is Fargo, ND-MN a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Fargo, ND-MN?
Some top paying nearby cities include Grand Forks, ND-MN ($78,580) and others.
How does experience impact salary for Buyers and Purchasing Agents in Fargo?
Entry-level positions typically offer lower salaries, while senior roles with extensive experience and specialized skills command higher compensation, reflecting a significant salary increase with career progression.
What is the job market like for Buyers and Purchasing Agents in Fargo?
The market is stable with a moderate presence, indicated by a workforce size of 360 and a Location Quotient below the national average, suggesting consistent but not booming demand.
How does Fargo's cost of living compare nationally?
Fargo, ND-MN has a cost of living index of 100, which is exactly the national average, meaning expenses for goods and services are comparable to the rest of the country.
Is the salary for Buyers and Purchasing Agents in Fargo competitive?
While the nominal salary is lower than the national average, it is competitive when considering the average cost of living, offering equivalent purchasing power locally.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Fargo, ND-MN area with a job density of 2.414 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 Fargo, ND-MN