Average Buyers and Purchasing Agents Salary in Northern New Mexico nonmetropolitan area
In the Northern New Mexico nonmetropolitan area, Buyers and Purchasing Agents earn an average annual salary of $78,150. This figure is slightly below the national average of $80,070, reflecting the unique economic dynamics and potentially lower operational costs characteristic of nonmetropolitan regions. Local demand and industry specifics within this area play a significant role in shaping compensation for these crucial procurement roles.
Executive Summary
- Average Salary: $78,150 per year.
- Growth Trend: Salaries have shifted 36.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $172,870.
- Outlook: With a local workforce of 320 Buyers and Purchasing Agents, this sector demonstrates a stable presence in Northern New Mexico. The Location Quotient of 1.24 indicates a concentration of these professionals that is 24% higher than the national average, suggesting a robust demand or a specialized industry presence that requires a greater number of purchasing agents relative to the general workforce.
Salary Overview
The average Buyers and Purchasing Agents in Northern New Mexico nonmetropolitan area earns-2.4%below the national average.
$37.6
$1,503
$6,513
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Buyers and Purchasing Agents in Northern New Mexico have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increasing complexity in supply chains, and the need for skilled procurement professionals likely contribute to upward pressure on wages in this sector.
Buyers and Purchasing Agents Salary Distribution in Northern New Mexico nonmetropolitan area
Career progression for Buyers and Purchasing Agents in Northern New Mexico typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the typical salary range suggests that experienced professionals, particularly those with specialized skills or in leadership roles, can command salaries considerably higher than the average, reflecting their expanded responsibilities and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $31,220 | $15 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,613 | $28.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $62,170 | $29.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $97,688 | $47 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $172,870 | $83.1 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$78,150
Gross Pay
Real Wage (Purchasing Power)
$78,150
Adjusted for COL (100)
The average salary of $78,150 in Northern New Mexico aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Buyer or Purchasing Agent's salary in this region is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living metropolitan areas.
Job Market Context
320
Total Jobs
3.916
Per 1K Jobs
1.24
Location Quotient
With a location quotient of 1.24, Northern New Mexico nonmetropolitan area has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
The Location Quotient of 1.24 for Buyers and Purchasing Agents in Northern New Mexico nonmetropolitan area signifies a notable concentration of these roles compared to the national average. This suggests that the job market here may be more specialized or that certain industries heavily reliant on procurement are more prevalent, potentially leading to a competitive environment for skilled professionals.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Buyers and Purchasing Agents Salary | $83,400↑ 7% | 29 mi |
| Santa Fe, NM Buyers and Purchasing Agents Salary | $75,750↓ 3% | 59 mi |
Comparing salaries near Northern New Mexico nonmetropolitan area
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Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Northern New Mexico nonmetropolitan area?
The median annual salary for a Buyers and Purchasing Agents in Northern New Mexico nonmetropolitan area is $78,150. This typically ranges from $31,220 for entry-level positions to $172,870 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Mexico nonmetropolitan area is 2.4% lower than the national median of $80,070.
Is Northern New Mexico nonmetropolitan area a lucrative place for Buyers and Purchasing Agents?
Moderately lucrative, with strong local concentration.The average salary of $78,150 is slightly below the national average, but the cost of living is also at the national average. The higher-than-average location quotient indicates a strong local demand for these professionals.
Is Northern New Mexico nonmetropolitan area a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Northern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($83,400) and Santa Fe, NM.
How does the Northern New Mexico salary compare to the national average?
The average salary for Buyers and Purchasing Agents in Northern New Mexico is $78,150, which is slightly lower than the national average of $80,070.
What is the significance of the Location Quotient (LQ) in Northern New Mexico?
An LQ of 1.24 means that Buyers and Purchasing Agents are 24% more concentrated in Northern New Mexico than the national average, indicating a potentially higher demand or specialized industry presence.
Does the cost of living affect the salary in Northern New Mexico?
No, the cost of living index is 100, which is the national average. This means the $78,150 salary has the same purchasing power as the national average salary.
How many Buyers and Purchasing Agents are there in Northern New Mexico?
There are approximately 320 Buyers and Purchasing Agents employed in the Northern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Northern New Mexico nonmetropolitan area area with a job density of 3.916 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 Northern New Mexico nonmetropolitan area