Average Buyers and Purchasing Agents Salary in Lexington-Fayette, KY
In Lexington-Fayette, KY, Buyers and Purchasing Agents earn an average annual salary of $70,990. This figure is notably below the national average of $80,070, suggesting that local market dynamics, such as industry concentration and demand, play a significant role in compensation levels within this specific region.
Executive Summary
- Average Salary: $70,990 per year.
- Growth Trend: Salaries have shifted 12.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,010.
- Outlook: The local job market for Buyers and Purchasing Agents in Lexington-Fayette, KY, comprises approximately 900 professionals. With a Location Quotient of 1.0, the concentration of these roles aligns precisely with the national average, indicating a stable and consistent demand that mirrors the broader U.S. employment landscape for this occupation.
Salary Overview
The average Buyers and Purchasing Agents in Lexington-Fayette, KY earns-11.3%below the national average.
$34.1
$1,365
$5,916
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette is not provided, it is generally assumed that salaries for Buyers and Purchasing Agents nationwide have experienced steady growth over the past four years, driven by inflation, increased demand for supply chain expertise, and evolving market complexities. This upward trend is likely reflected, to some degree, in the local Lexington-Fayette market.
Buyers and Purchasing Agents Salary Distribution in Lexington-Fayette, KY
Career progression for Buyers and Purchasing Agents typically involves a significant salary increase with 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 upper percentiles, reflecting their enhanced value and strategic contributions to an organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,130 | $20.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,243 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $64,890 | $31.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,738 | $42.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,010 | $51 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$70,990
Gross Pay
Real Wage (Purchasing Power)
$70,990
Adjusted for COL (100)
The average salary of $70,990 in Lexington-Fayette, KY, aligns perfectly with the national average Cost of Living Index of 100. This suggests that the purchasing power of the local salary is equivalent to the national standard, meaning that the nominal income should provide a comparable lifestyle to that experienced in an average U.S. cost of living area.
Job Market Context
900
Total Jobs
3.171
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Lexington-Fayette, KY has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A Location Quotient of 1.0 for Buyers and Purchasing Agents in Lexington-Fayette, KY, signifies that the industry's presence and employment concentration are exactly in line with the national average. This indicates a balanced job market where the number of available positions is proportionate to the national distribution, suggesting neither a significant surplus nor a scarcity of opportunities.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Buyers and Purchasing Agents Salary | $64,710↓ 9% | 28 mi |
| South Central Kentucky nonmetropolitan area Buyers and Purchasing Agents Salary | $59,750↓ 16% | 28 mi |
| West Kentucky nonmetropolitan area Buyers and Purchasing Agents Salary | $63,680↓ 10% | 28 mi |
| East Kentucky nonmetropolitan area Buyers and Purchasing Agents Salary | $59,920↓ 16% | 28 mi |
| Louisville/Jefferson County, KY-IN Buyers and Purchasing Agents Salary | $69,880↓ 2% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Lexington-Fayette, KY?
The median annual salary for a Buyers and Purchasing Agents in Lexington-Fayette, KY is $70,990. This typically ranges from $43,130 for entry-level positions to $106,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 11.3% lower than the national median of $80,070.
Is Lexington-Fayette, KY a lucrative place for Buyers and Purchasing Agents?
No, not more lucrative than the national average.The average salary of $70,990 is below the national average of $80,070, although the cost of living is also at the national average, making the purchasing power comparable.
Is Lexington-Fayette, KY a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($64,710) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette salary compare to the national average?
Buyers and Purchasing Agents in Lexington-Fayette, KY, earn an average of $70,990 annually, which is less than the national average of $80,070.
What is the concentration of Buyers and Purchasing Agents in Lexington-Fayette, KY?
The concentration, measured by the Location Quotient, is 1.0, indicating that the proportion of these jobs in Lexington-Fayette is the same as the national average.
How does the cost of living in Lexington-Fayette, KY affect the salary?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $70,990 salary has the same purchasing power as the national average salary in a typical U.S. location.
What is the total number of Buyers and Purchasing Agents in Lexington-Fayette, KY?
There are approximately 900 Buyers and Purchasing Agents employed in the Lexington-Fayette, KY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Lexington-Fayette, KY area with a job density of 3.171 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 Lexington-Fayette, KY