Average Buyers and Purchasing Agents Salary in Lafayette-West Lafayette, IN
In Lafayette-West Lafayette, Indiana, Buyers and Purchasing Agents earn an average annual salary of $72,820. This figure is slightly below the national average of $80,070, reflecting regional economic factors and demand within the local market. The specific compensation for these roles is influenced by the concentration of industries and the overall economic landscape of the Lafayette-West Lafayette area.
Executive Summary
- Average Salary: $72,820 per year.
- Growth Trend: Salaries have shifted 10.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,640.
- Outlook: The Lafayette-West Lafayette market for Buyers and Purchasing Agents shows a steady presence, with a total local workforce of 290 individuals in this role. The Location Quotient of 0.9 indicates that the concentration of these professionals is just slightly below the national average, suggesting a stable but not exceptionally high demand. This workforce size, coupled with the near-average concentration, points to a consistent need for skilled purchasing professionals within the region's businesses.
Salary Overview
The average Buyers and Purchasing Agents in Lafayette-West Lafayette, IN earns-9.1%below the national average.
$35
$1,400
$6,068
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for Lafayette-West Lafayette is not provided, it is reasonable to assume that salaries for Buyers and Purchasing Agents have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing complexity in supply chain management typically drive upward pressure on wages for procurement specialists. This suggests that professionals in this field can anticipate a positive trajectory in their earning potential within the region.
Buyers and Purchasing Agents Salary Distribution in Lafayette-West Lafayette, IN
Career progression for Buyers and Purchasing Agents in Lafayette-West Lafayette typically correlates with increased experience and responsibility. Entry-level positions may start closer to the lower percentiles of the salary range, while senior roles, requiring extensive negotiation skills and strategic sourcing expertise, command significantly higher compensation, reaching into the upper percentiles. The salary gap between junior and senior professionals signifies substantial opportunities for career advancement and earning potential growth within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,590 | $22.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $54,615 | $26.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,170 | $32.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $91,025 | $43.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,640 | $50.8 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$72,820
Gross Pay
Real Wage (Purchasing Power)
$72,820
Adjusted for COL (100)
The average annual salary of $72,820 in Lafayette-West Lafayette aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Buyer or Purchasing Agent's salary in this area is equivalent to the national average. Consequently, relocating professionals can expect their income to cover expenses at a rate comparable to the rest of the country, making Lafayette-West Lafayette a financially neutral location in terms of cost of living relative to salary.
Job Market Context
290
Total Jobs
2.833
Per 1K Jobs
0.9
Location Quotient
Lafayette-West Lafayette, IN has 0.90x 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 0.9, the Lafayette-West Lafayette market for Buyers and Purchasing Agents is neither exceptionally concentrated nor sparse compared to the national landscape. This suggests a balanced job market where demand exists, but the supply of professionals is also relatively stable. While not a hotspot for this specific profession, the near-average concentration implies a healthy and consistent employment environment for those seeking roles in purchasing and procurement.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Kokomo, IN Buyers and Purchasing Agents Salary | $74,470↑ 2% | 39 mi |
| Northern Indiana nonmetropolitan area Buyers and Purchasing Agents Salary | $69,350↓ 5% | 50 mi |
| Southern Indiana nonmetropolitan area Buyers and Purchasing Agents Salary | $71,520↓ 2% | 50 mi |
| Central Indiana nonmetropolitan area Buyers and Purchasing Agents Salary | $70,110↓ 4% | 50 mi |
| Indianapolis-Carmel-Greenwood, IN Buyers and Purchasing Agents Salary | $76,460↑ 5% | 57 mi |
Comparing salaries near Lafayette-West Lafayette, IN
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Lafayette-West Lafayette, IN?
The median annual salary for a Buyers and Purchasing Agents in Lafayette-West Lafayette, IN is $72,820. This typically ranges from $46,590 for entry-level positions to $105,640 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette-West Lafayette, IN is 9.1% lower than the national median of $80,070.
Is Lafayette-West Lafayette, IN a lucrative place for Buyers and Purchasing Agents?
No, not exceptionally lucrative compared to the national average.The average salary of $72,820 is below the national average of $80,070, although the cost of living is at the national average. This indicates that while expenses are standard, the earning potential is slightly diminished compared to national benchmarks.
Is Lafayette-West Lafayette, IN a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Lafayette-West Lafayette, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette-West Lafayette, IN?
Some top paying nearby cities include Kokomo, IN ($74,470) and Northern Indiana nonmetropolitan area.
How does the local workforce size affect job opportunities for Buyers and Purchasing Agents in Lafayette-West Lafayette?
A local workforce of 290 Buyers and Purchasing Agents suggests a stable, established presence of these roles within the Lafayette-West Lafayette economy, indicating consistent opportunities.
What is the significance of a Location Quotient of 0.9 for Buyers and Purchasing Agents in this area?
A Location Quotient of 0.9 means that the concentration of Buyers and Purchasing Agents in Lafayette-West Lafayette is slightly lower than the national average, implying a moderately competitive job market.
How does the Cost of Living Index of 100 impact the perceived value of the salary?
An index of 100 signifies that the cost of living in Lafayette-West Lafayette is exactly average for the U.S., meaning the $72,820 salary has average purchasing power.
Are there many jobs per 1,000 workers for Buyers and Purchasing Agents in Lafayette-West Lafayette?
With 2.833 jobs per 1,000 workers, the availability of Buyer and Purchasing Agent positions is relatively modest, aligning with the near-average concentration observed.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Lafayette-West Lafayette, IN area with a job density of 2.833 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 Lafayette-West Lafayette, IN