Average Buyers and Purchasing Agents Salary in Madison, WI
In Madison, WI, Buyers and Purchasing Agents earn an average annual salary of $76,100. This figure is slightly below the national average of $80,070, indicating a localized compensation structure influenced by regional economic factors and industry demand within the state. The specific economic landscape of Madison shapes the earning potential for these crucial procurement roles.
Executive Summary
- Average Salary: $76,100 per year.
- Growth Trend: Salaries have shifted 19.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $105,390.
- Outlook: Madison's market for Buyers and Purchasing Agents is moderately sized, with a total local workforce of 1,110 professionals. The Location Quotient of 0.87 suggests a concentration slightly below the national average, implying a stable but not exceptionally dense demand for these roles. With 2.745 jobs per 1,000 workers, the market offers consistent opportunities for skilled individuals.
Salary Overview
The average Buyers and Purchasing Agents in Madison, WI earns-5.0%below the national average.
$36.6
$1,463
$6,342
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 Madison, WI, have experienced growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for supply chain expertise, and evolving industry needs typically drive upward salary adjustments in professional roles.
Buyers and Purchasing Agents Salary Distribution in Madison, WI
Salary progression for Buyers and Purchasing Agents in Madison, WI, is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and specialized skills can earn considerably more. The percentile gaps in salary distribution clearly signify the career advancement and increased earning potential associated with accumulating expertise and taking on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,940 | $23.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,075 | $27.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,080 | $35.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $95,125 | $45.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $105,390 | $50.7 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$76,100
Gross Pay
Real Wage (Purchasing Power)
$76,100
Adjusted for COL (100)
The average annual salary of $76,100 in Madison, WI, 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 Madison is equivalent to the national average, offering a stable financial environment without significant strain or advantage due to living expenses.
Job Market Context
1,110
Total Jobs
2.745
Per 1K Jobs
0.87
Location Quotient
Madison, WI has 0.87x 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 0.87, Madison, WI, has a slightly lower concentration of Buyers and Purchasing Agents compared to the national average. This suggests that while the profession is present and necessary, the market may not be oversaturated, potentially offering a balanced competitive landscape for job seekers. The demand is steady, as indicated by the number of jobs per thousand workers.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Buyers and Purchasing Agents Salary | $71,560↓ 6% | 33 mi |
| Rockford, IL Buyers and Purchasing Agents Salary | $74,200↓ 2% | 59 mi |
| Fond du Lac, WI Buyers and Purchasing Agents Salary | $80,200↑ 5% | 68 mi |
| Milwaukee-Waukesha, WI Buyers and Purchasing Agents Salary | $76,300↑ 0% | 72 mi |
| Oshkosh-Neenah, WI Buyers and Purchasing Agents Salary | $76,510↑ 1% | 77 mi |
Comparing salaries near Madison, WI
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Madison, WI?
The median annual salary for a Buyers and Purchasing Agents in Madison, WI is $76,100. This typically ranges from $48,940 for entry-level positions to $105,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 5.0% lower than the national median of $80,070.
Is Madison, WI a lucrative place for Buyers and Purchasing Agents?
Moderately lucrative.The average salary of $76,100 is close to the national average, and the cost of living is exactly at the national average, indicating a balanced financial standing.
Is Madison, WI a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($71,560) and Rockford, IL.
How does Madison's salary for Buyers and Purchasing Agents compare to the national average?
The average salary in Madison, WI, is $76,100, which is slightly lower than the national average of $80,070.
What is the job market like for Buyers and Purchasing Agents in Madison, WI?
The market is moderately concentrated with a stable demand, evidenced by a Location Quotient of 0.87 and 2.745 jobs per 1,000 workers.
Does the cost of living in Madison affect the salary for this role?
No, the cost of living in Madison is exactly at the national average (100), meaning the $76,100 salary has average purchasing power.
How many Buyers and Purchasing Agents work in Madison, WI?
There are approximately 1,110 Buyers and Purchasing Agents employed in the Madison, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,110 employees in the Madison, WI area with a job density of 2.745 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 Madison, WI