Average Buyers and Purchasing Agents Salary in Michigan
Buyers and Purchasing Agents in Michigan earn an average annual salary of $77,430. This figure is slightly below the national average of $80,070. The localized pay rate is influenced by the specific economic demands and industry concentrations within the state, reflecting a nuanced labor market.
Executive Summary
- Average Salary: $77,430 per year.
- Growth Trend: Salaries have shifted 11.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,970.
- Outlook: Michigan boasts a substantial workforce of 16,740 Buyers and Purchasing Agents, indicating a significant presence in the state's economy. The location quotient of 1.21 suggests that this profession is more concentrated in Michigan than the national average, pointing towards robust demand and a healthy job market for these professionals.
Salary Overview
The average Buyers and Purchasing Agents in Michigan earns-3.3%below the national average.
$37.2
$1,489
$6,453
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 Michigan have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by inflation, increased demand for procurement expertise, and the evolving complexities of supply chain management.
Buyers and Purchasing Agents Salary Distribution in Michigan
Salary progression for Buyers and Purchasing Agents in Michigan typically scales with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $45,280 | $21.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,073 | $27.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,360 | $35.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,788 | $46.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,970 | $57.2 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$77,430
Gross Pay
Real Wage (Purchasing Power)
$85,464
Adjusted for COL (90.6)
The average annual salary of $77,430 in Michigan presents a favorable financial outlook when considering the local cost of living. With a Cost of Living Index of 90.6, Michigan is more affordable than the national average (100). This means that the nominal salary offers a higher effective purchasing power for residents compared to living in a higher cost-of-living area.
Job Market Context
16,740
Total Jobs
3.812
Per 1K Jobs
1.21
Location Quotient
With a location quotient of 1.21, Michigan has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A location quotient of 1.21 signifies that Buyers and Purchasing Agents are more prevalent in Michigan's workforce compared to the national average. This suggests a relatively strong and potentially competitive market, where employers may actively seek out skilled professionals due to the higher concentration of roles within the state's industries.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Buyers and Purchasing Agents Salary | $79,420↑ 3% | 26 mi |
| Saginaw, MI Buyers and Purchasing Agents Salary | $71,870↓ 7% | 30 mi |
| Bay City, MI Buyers and Purchasing Agents Salary | $64,870↓ 16% | 37 mi |
| Lansing-East Lansing, MI Buyers and Purchasing Agents Salary | $71,880↓ 7% | 42 mi |
| Flint, MI Buyers and Purchasing Agents Salary | $65,800↓ 15% | 47 mi |
Comparing salaries near Michigan
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Michigan?
The median annual salary for a Buyers and Purchasing Agents in Michigan is $77,430. This typically ranges from $45,280 for entry-level positions to $118,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Michigan is 3.3% lower than the national median of $80,070.
Is Michigan a lucrative place for Buyers and Purchasing Agentss?
Yes, with a caveat regarding the cost of living.Michigan offers a solid average salary for Buyers and Purchasing Agents, which, when combined with a cost of living below the national average, provides good purchasing power. The strong concentration of these roles indicates a healthy job market.
Is Michigan a good place to live for Buyers and Purchasing Agents?
With a Cost of Living Index of 90.6 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Michigan?
Some top paying nearby cities include Midland, MI ($79,420) and Saginaw, MI.
How does Michigan's average salary compare to the national average for this role?
The average annual salary for Buyers and Purchasing Agents in Michigan is $77,430, which is slightly lower than the national average of $80,070.
What does the location quotient of 1.21 mean for job seekers?
A location quotient of 1.21 indicates that Buyers and Purchasing Agents are more concentrated in Michigan than the national average, suggesting a potentially robust demand and a more established presence of these roles within the state's economy.
How does the cost of living in Michigan affect the salary?
With a Cost of Living Index of 90.6, Michigan is more affordable than the national average. This means the $77,430 salary can provide a higher standard of living and greater purchasing power compared to areas with a higher cost of living.
What is the total number of Buyers and Purchasing Agents in Michigan?
There are approximately 16,740 Buyers and Purchasing Agents employed in Michigan, representing a significant segment of the state's professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 16,740 employees in the Michigan area with a job density of 3.812 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Buyers and Purchasing Agents Salaries by State
Top Jobs in Michigan
- All Occupations Salary in Michigan
- Office and Administrative Support Occupations Salary in Michigan
- Production Occupations Salary in Michigan
- Transportation and Material Moving Occupations Salary in Michigan
- Food Preparation and Serving Related Occupations Salary in Michigan
- Sales and Related Occupations Salary in Michigan
- Healthcare Practitioners and Technical Occupations Salary in Michigan
- Management Occupations Salary in Michigan
- Business and Financial Operations Occupations Salary in Michigan
- Educational Instruction and Library Occupations Salary in Michigan
- Browse All Jobs in Michigan →
Semantic Salary Analysis for Buyers and Purchasing Agents • Data source: BLS OEWS 2024 •Jobs in Michigan