Average Buyers and Purchasing Agents Salary in Minnesota
Buyers and Purchasing Agents in Minnesota earn an impressive average annual salary of $87,670, significantly surpassing the national average of $80,070. This elevated compensation reflects the state's robust industrial base and the specialized demand for procurement professionals who manage complex supply chains and negotiate favorable terms within the region's key economic sectors.
Executive Summary
- Average Salary: $87,670 per year.
- Growth Trend: Salaries have shifted 21.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $131,240.
- Outlook: With a substantial local workforce of 12,460 individuals in this role, Minnesota demonstrates a strong and established market for Buyers and Purchasing Agents. The location quotient of 1.35 indicates a higher concentration of these professionals compared to the national average, suggesting robust demand and a dynamic job market that actively seeks skilled procurement talent.
Salary Overview
The average Buyers and Purchasing Agents in Minnesota earns+9.5%above the national average.
$42.2
$1,686
$7,306
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive salary growth trend for Buyers and Purchasing Agents in Minnesota over the past four years. Economic expansion, evolving supply chain complexities, and the increasing strategic importance of procurement functions typically drive upward salary adjustments in competitive markets like Minnesota.
Buyers and Purchasing Agents Salary Distribution in Minnesota
Salary progression for Buyers and Purchasing Agents in Minnesota typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise in negotiation, market analysis, and strategic sourcing, their earning potential increases substantially, with senior roles commanding top-tier compensation and reflecting significant career advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,040 | $25.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,753 | $31.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,900 | $39.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $109,588 | $52.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $131,240 | $63.1 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$87,670
Gross Pay
Real Wage (Purchasing Power)
$92,871
Adjusted for COL (94.4)
The average annual salary of $87,670 in Minnesota presents a favorable financial standing, especially when considering the local Cost of Living Index of 94.4, which is below the national average of 100. This means that the nominal salary offers greater purchasing power locally, allowing professionals to enjoy a higher standard of living compared to national benchmarks.
Job Market Context
12,460
Total Jobs
4.267
Per 1K Jobs
1.35
Location Quotient
With a location quotient of 1.35, Minnesota has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A location quotient of 1.35 signifies that Buyers and Purchasing Agents are more concentrated in Minnesota than the national average, indicating a specialized and potentially competitive job market. While this suggests a strong presence of these roles, it also implies that employers may actively seek out experienced professionals to fill these positions, making it a market ripe with opportunity for qualified candidates.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Buyers and Purchasing Agents Salary | $73,750↓ 16% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Buyers and Purchasing Agents Salary | $90,870↑ 4% | 58 mi |
Comparing salaries near Minnesota
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Minnesota?
The median annual salary for a Buyers and Purchasing Agents in Minnesota is $87,670. This typically ranges from $53,040 for entry-level positions to $131,240 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minnesota is 9.5% higher than the national median of $80,070.
Is Minnesota a lucrative place for Buyers and Purchasing Agents?
Yes, Minnesota offers a lucrative environment for Buyers and Purchasing Agents.The average salary significantly exceeds the national average, and the cost of living is below the national average, enhancing purchasing power.
Is Minnesota a good place to live for Buyers and Purchasing Agents?
With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Minnesota?
Some top paying nearby cities include St. Cloud, MN ($73,750) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does Minnesota's salary compare to the national average for this role?
Buyers and Purchasing Agents in Minnesota earn an average of $87,670 annually, which is notably higher than the national average of $80,070.
What does the concentration of Buyers and Purchasing Agents in Minnesota suggest?
A location quotient of 1.35 indicates a higher concentration of these professionals in Minnesota compared to the national average, suggesting strong regional demand.
How does the cost of living affect the salary in Minnesota?
With a cost of living index of 94.4 (below the national average of 100), the $87,670 salary in Minnesota offers greater real purchasing power than the national average salary.
What is the total number of Buyers and Purchasing Agents in Minnesota?
Minnesota employs approximately 12,460 Buyers and Purchasing Agents, indicating a substantial presence in the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,460 employees in the Minnesota area with a job density of 4.267 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 Minnesota