Average Buyers and Purchasing Agents Salary in Memphis, TN-MS-AR
In Memphis, TN-MS-AR, Buyers and Purchasing Agents earn an average annual salary of $71,820. This figure is slightly below the national average of $80,070, suggesting that while the role is present, local market dynamics and potentially industry-specific demands may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $71,820 per year.
- Growth Trend: Salaries have shifted 7.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $110,120.
- Outlook: The Memphis, TN-MS-AR region supports a local workforce of 2,290 Buyers and Purchasing Agents. With a Location Quotient of 1.17, the concentration of these roles in Memphis is slightly higher than the national average, indicating a stable and perhaps growing demand for professionals in this field within the local economy.
Salary Overview
The average Buyers and Purchasing Agents in Memphis, TN-MS-AR earns-10.3%below the national average.
$34.5
$1,381
$5,985
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Buyers and Purchasing Agents across the United States, including the Memphis area, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increased demand for skilled procurement professionals, and evolving market complexities.
Buyers and Purchasing Agents Salary Distribution in Memphis, TN-MS-AR
Career progression for Buyers and Purchasing Agents in Memphis, TN-MS-AR significantly impacts earning potential. Entry-level positions typically start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries in the upper percentiles, reflecting a clear salary scale tied to expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,410 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,865 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,190 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,775 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $110,120 | $52.9 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$71,820
Gross Pay
Real Wage (Purchasing Power)
$71,820
Adjusted for COL (100)
The average annual salary of $71,820 in Memphis, TN-MS-AR aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Buyer and Purchasing Agent's salary in Memphis is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
2,290
Total Jobs
3.697
Per 1K Jobs
1.17
Location Quotient
With a location quotient of 1.17, Memphis, TN-MS-AR has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A Location Quotient of 1.17 signifies that Memphis, TN-MS-AR has a slightly higher concentration of Buyers and Purchasing Agents compared to the national average. This suggests a healthy job market where demand is at least on par with, or slightly exceeds, the national average, offering good opportunities for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Buyers and Purchasing Agents Salary | $63,830↓ 11% | 64 mi |
| Jackson, TN Buyers and Purchasing Agents Salary | $59,940↓ 17% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Memphis, TN-MS-AR?
The median annual salary for a Buyers and Purchasing Agents in Memphis, TN-MS-AR is $71,820. This typically ranges from $43,410 for entry-level positions to $110,120 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 10.3% lower than the national median of $80,070.
Is Memphis, TN-MS-AR a lucrative place for Buyers and Purchasing Agents?
Yes, it offers good value.While the average salary of $71,820 is slightly below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The slightly above-average concentration of these roles (LQ 1.17) also points to a stable market.
Is Memphis, TN-MS-AR a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($63,830) and Jackson, TN.
How does the Memphis salary compare to the national average?
The average annual salary for Buyers and Purchasing Agents in Memphis, TN-MS-AR is $71,820, which is approximately 10% lower than the national average of $80,070.
What is the cost of living in Memphis, TN-MS-AR?
The Cost of Living Index in Memphis, TN-MS-AR is 100, which is exactly the national average. This indicates that the general cost of goods and services is comparable to the rest of the country.
How many Buyers and Purchasing Agents work in Memphis, TN-MS-AR?
There are approximately 2,290 Buyers and Purchasing Agents employed in the Memphis, TN-MS-AR metropolitan area.
Is the job market for Buyers and Purchasing Agents strong in Memphis?
Yes, the market appears robust. The Location Quotient of 1.17 suggests a slightly higher concentration of these jobs than the national average, indicating steady demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,290 employees in the Memphis, TN-MS-AR area with a job density of 3.697 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 Memphis, TN-MS-AR