Average Buyers and Purchasing Agents Salary in New Jersey
Buyers and Purchasing Agents in New Jersey earn an impressive average annual salary of $95,490, significantly surpassing the national average of $80,070. This elevated compensation is often driven by the state's robust industrial sectors and higher operational costs, necessitating a more competitive pay scale to attract and retain skilled professionals in procurement roles.
Executive Summary
- Average Salary: $95,490 per year.
- Growth Trend: Salaries have shifted 9.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,110.
- Outlook: With a local workforce of 12,380 Buyers and Purchasing Agents, New Jersey demonstrates a substantial presence in this field. The location quotient of 0.92 suggests a market that is nearly on par with the national average in terms of concentration, indicating a stable and consistent demand for these professionals within the state's diverse economic landscape.
Salary Overview
The average Buyers and Purchasing Agents in New Jersey earns+19.3%above the national average.
$45.9
$1,836
$7,958
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 New Jersey have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for supply chain expertise, and evolving market dynamics likely contribute to an upward trajectory in compensation for these vital roles.
Buyers and Purchasing Agents Salary Distribution in New Jersey
Career progression for Buyers and Purchasing Agents in New Jersey typically correlates with experience, leading to significant salary increases. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and strategic responsibilities can command salaries in the upper percentiles, reflecting their value and impact on organizational efficiency and cost savings.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,520 | $29.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,618 | $34.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $90,340 | $43.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,363 | $57.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,110 | $65.9 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$95,490
Gross Pay
Real Wage (Purchasing Power)
$84,956
Adjusted for COL (112.4)
While the average salary of $95,490 in New Jersey is attractive, the state's Cost of Living Index of 112.4 indicates that expenses are approximately 12.4% higher than the national average. This means that while the nominal salary is robust, the purchasing power of that income will be somewhat reduced compared to living in a more affordable region.
Job Market Context
12,380
Total Jobs
2.913
Per 1K Jobs
0.92
Location Quotient
New Jersey has 0.92x 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.
A location quotient of 0.92 for Buyers and Purchasing Agents in New Jersey signifies that the concentration of these roles is just slightly below the national average. This suggests a competitive yet accessible job market, where opportunities exist without being overwhelmingly saturated, offering a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Buyers and Purchasing Agents Salary | $91,720↓ 4% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Buyers and Purchasing Agents Salary | $92,170↓ 3% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Buyers and Purchasing Agents Salary | $88,450↓ 7% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Buyers and Purchasing Agents Salary | $75,840↓ 21% | 54 mi |
| Vineland, NJ Buyers and Purchasing Agents Salary | $80,410↓ 16% | 63 mi |
Comparing salaries near New Jersey
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in New Jersey?
The median annual salary for a Buyers and Purchasing Agents in New Jersey is $95,490. This typically ranges from $60,520 for entry-level positions to $137,110 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 19.3% higher than the national median of $80,070.
Is New Jersey a lucrative place for Buyers and Purchasing Agentss?
Yes, New Jersey offers a lucrative environment for Buyers and Purchasing Agents.The average salary significantly exceeds the national average, reflecting the state's economic demands. However, the higher cost of living should be considered when evaluating overall financial well-being.
Is New Jersey a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($91,720) and New York-Newark-Jersey City, NY-NJ.
What is the average salary for Buyers and Purchasing Agents in New Jersey?
The average annual salary for Buyers and Purchasing Agents in New Jersey is $95,490, which is higher than the national average.
How does New Jersey's job market for Buyers and Purchasing Agents compare to the national average?
New Jersey's job market for Buyers and Purchasing Agents is nearly on par with the national average in terms of concentration, with a location quotient of 0.92.
Is the cost of living high in New Jersey for Buyers and Purchasing Agents?
Yes, the cost of living in New Jersey is higher than the national average, with an index of 112.4, meaning expenses are about 12.4% more costly.
How many Buyers and Purchasing Agents work in New Jersey?
There are approximately 12,380 Buyers and Purchasing Agents employed in New Jersey.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,380 employees in the New Jersey area with a job density of 2.913 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 New Jersey