Average Buyers and Purchasing Agents Salary in Janesville-Beloit, WI
In Janesville-Beloit, WI, Buyers and Purchasing Agents earn an average annual salary of $71,560. This figure is notably below the national average of $80,070, suggesting that local market dynamics, such as industry concentration and regional demand, play a significant role in compensation levels for this profession within the area.
Executive Summary
- Average Salary: $71,560 per year.
- Growth Trend: Salaries have shifted 31.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,030.
- Outlook: The Janesville-Beloit area supports a local workforce of approximately 300 Buyers and Purchasing Agents. With a Location Quotient of 1.35, indicating a concentration of these roles higher than the national average, the job market shows a robust demand relative to the size of the local economy, suggesting a stable outlook for professionals in this field.
Salary Overview
The average Buyers and Purchasing Agents in Janesville-Beloit, WI earns-10.6%below the national average.
$34.4
$1,376
$5,963
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Buyers and Purchasing Agents in Janesville-Beloit have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving industry demands typically drive modest annual increases in compensation for such roles.
Buyers and Purchasing Agents Salary Distribution in Janesville-Beloit, WI
Salary progression for Buyers and Purchasing Agents in Janesville-Beloit, as elsewhere, is typically tied to experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and a proven track record can command salaries in the higher percentiles, reflecting increased responsibility and value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,330 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,670 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,990 | $31.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,450 | $43 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $102,030 | $49.1 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$71,560
Gross Pay
Real Wage (Purchasing Power)
$71,560
Adjusted for COL (100)
The average annual salary of $71,560 in Janesville-Beloit aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a balanced financial landscape for residents.
Job Market Context
300
Total Jobs
4.268
Per 1K Jobs
1.35
Location Quotient
With a location quotient of 1.35, Janesville-Beloit, WI has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A Location Quotient of 1.35 for Buyers and Purchasing Agents in Janesville-Beloit signifies that this profession is more concentrated in the area than the national average. This suggests a healthy demand and a potentially competitive market for talent, as local industries rely more heavily on these procurement specialists.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Rockford, IL Buyers and Purchasing Agents Salary | $74,200↑ 4% | 30 mi |
| Madison, WI Buyers and Purchasing Agents Salary | $76,100↑ 6% | 33 mi |
| Kenosha, WI Buyers and Purchasing Agents Salary | $73,010↑ 2% | 58 mi |
| Milwaukee-Waukesha, WI Buyers and Purchasing Agents Salary | $76,300↑ 7% | 59 mi |
| Racine-Mount Pleasant, WI Buyers and Purchasing Agents Salary | $74,770↑ 4% | 61 mi |
Comparing salaries near Janesville-Beloit, WI
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Janesville-Beloit, WI?
The median annual salary for a Buyers and Purchasing Agents in Janesville-Beloit, WI is $71,560. This typically ranges from $48,330 for entry-level positions to $102,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Janesville-Beloit, WI is 10.6% lower than the national median of $80,070.
Is Janesville-Beloit, WI a lucrative place for Buyers and Purchasing Agents?
No, not more lucrative than the national average.While the salary of $71,560 is respectable, it falls below the national average of $80,070. However, the cost of living is also at the national average, making the salary's purchasing power comparable.
Is Janesville-Beloit, WI a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Janesville-Beloit, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Janesville-Beloit, WI?
Some top paying nearby cities include Rockford, IL ($74,200) and Madison, WI.
How does the Janesville-Beloit salary compare to the national average?
The average salary for Buyers and Purchasing Agents in Janesville-Beloit is $71,560, which is approximately $8,510 less than the national average of $80,070.
What is the concentration of Buyers and Purchasing Agents in Janesville-Beloit?
The Location Quotient is 1.35, indicating that Buyers and Purchasing Agents are more concentrated in Janesville-Beloit than the national average, suggesting a higher relative demand for these roles.
How does the cost of living affect the salary in Janesville-Beloit?
With a Cost of Living Index of 100, the national average, the $71,560 salary in Janesville-Beloit offers purchasing power equivalent to the national standard, meaning it's neither significantly higher nor lower in real terms.
What is the total number of Buyers and Purchasing Agents in Janesville-Beloit?
There are approximately 300 Buyers and Purchasing Agents employed in the Janesville-Beloit area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Janesville-Beloit, WI area with a job density of 4.268 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 Janesville-Beloit, WI