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Average Buyers and Purchasing Agents Salary in Northern Michigan nonmetropolitan area

In the Northern Michigan nonmetropolitan area, Buyers and Purchasing Agents earn an average annual salary of $65,630. This figure is notably below the national average of $80,070, reflecting regional economic factors and demand specific to this locale. The unique economic landscape and industry concentration in Northern Michigan directly influence compensation levels for these crucial procurement roles.

Executive Summary

  • Average Salary: $65,630 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $97,750.
  • Outlook: The local job market for Buyers and Purchasing Agents in Northern Michigan appears stable, with a total workforce of 360 individuals in this role. A Location Quotient of 0.95 suggests a concentration of these jobs that is nearly on par with the national average, indicating a consistent, albeit not exceptionally high, demand for procurement professionals within the region's economic structure.
2024 Market Data

Salary Overview

$65,630

The average Buyers and Purchasing Agents in Northern Michigan nonmetropolitan area earns-18.0%below the national average.

BreakdownBased on 40h/week
Hourly

$31.6

Weekly

$1,262

Monthly

$5,469

Buyers and Purchasing Agents Salary Distribution in Northern Michigan nonmetropolitan area

Career progression for Buyers and Purchasing Agents significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles, often seen in percentile distributions, clearly signifies the value placed on accumulated expertise and strategic purchasing capabilities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$37,800$18.2
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$49,223$23.7
ManagerOversees team, compliance, and project delivery.50% (Median)$60,770$29.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$82,038$39.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$97,750$47

Detailed Buyers and Purchasing Agents Market Analysis

Relocation Context

Nominal Salary

$65,630

Gross Pay

Real Wage (Purchasing Power)

$65,630

Adjusted for COL (100)

The average annual salary of $65,630 in Northern Michigan aligns precisely with the national average cost of living, indicated by an index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income within the local area is equivalent to the national standard, offering a balanced financial outlook for residents.

Job Market Context

360

Total Jobs

3.007

Per 1K Jobs

0.95

Location Quotient

Below Average

Northern Michigan nonmetropolitan area has 0.95x 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 0.95, the market for Buyers and Purchasing Agents in Northern Michigan is neither significantly over- nor under-represented compared to the national landscape. This suggests a balanced job market where demand and supply are relatively stable, offering moderate competition for available positions and a consistent need for qualified professionals within the region's industries.

Nearby Job Markets

Nearby Cities for Buyers and Purchasing Agents

Comparing salaries near Northern Michigan nonmetropolitan area

Hiring Buyers and Purchasing Agentss?

Frequently Asked Questions

How much does a Buyers and Purchasing Agents make in Northern Michigan nonmetropolitan area?

The median annual salary for a Buyers and Purchasing Agents in Northern Michigan nonmetropolitan area is $65,630. This typically ranges from $37,800 for entry-level positions to $97,750 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Northern Michigan nonmetropolitan area is 18.0% lower than the national median of $80,070.

Is Northern Michigan nonmetropolitan area a lucrative place for Buyers and Purchasing Agentss?

No, it is not exceptionally lucrative compared to national averages.The average salary of $65,630 is below the national average, though the cost of living is also at the national average, making purchasing power comparable.

Is Northern Michigan nonmetropolitan area a good place to live for Buyers and Purchasing Agents?

The Cost of Living Index in Northern Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Northern Michigan nonmetropolitan area?

Some top paying nearby cities include Midland, MI ($79,420) and Saginaw, MI.

How does the local workforce size affect job prospects?

A local workforce of 360 indicates a moderately sized pool of professionals, suggesting that while opportunities exist, the market is not saturated, providing a stable environment for job seekers.

What does a Location Quotient of 0.95 mean for Buyers?

A Location Quotient of 0.95 signifies that the concentration of Buyers and Purchasing Agents in Northern Michigan is very close to the national average, implying a steady demand that mirrors national trends.

How does the cost of living impact the $65,630 salary?

With a Cost of Living Index of 100, the $65,630 salary offers purchasing power equivalent to the national average, meaning local expenses are neither significantly higher nor lower than elsewhere in the country.

Are there many job opportunities for Buyers in Northern Michigan?

The number of jobs per 1,000 workers at 3.007 suggests a consistent presence of procurement roles, indicating a healthy, though not booming, job market for Buyers and Purchasing Agents in the region.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the Northern Michigan nonmetropolitan area area with a job density of 3.007 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.