Average Buyers and Purchasing Agents Salary in Northwest Minnesota nonmetropolitan area
In the Northwest Minnesota nonmetropolitan area, Buyers and Purchasing Agents earn an average annual salary of $71,830. 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 industry demands and the specific composition of the regional economy play a significant role in shaping compensation for these vital procurement roles.
Executive Summary
- Average Salary: $71,830 per year.
- Growth Trend: Salaries have shifted 23.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,840.
- Outlook: The job market for Buyers and Purchasing Agents in Northwest Minnesota appears stable, with a local workforce of 660 professionals. The concentration, measured by a Location Quotient of 1.09, indicates a presence that is slightly above the national average, suggesting a consistent demand for these skills within the region's economic framework. The rate of 3.451 jobs per 1,000 workers further supports the notion of a steady, albeit not rapidly expanding, employment landscape for this profession.
Salary Overview
The average Buyers and Purchasing Agents in Northwest Minnesota nonmetropolitan area earns-10.3%below the national average.
$34.5
$1,381
$5,986
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 Northwest Minnesota have experienced gradual growth over the past four years, mirroring national trends. Economic fluctuations, inflation, and evolving industry needs typically drive incremental increases in compensation for procurement professionals, ensuring their pay keeps pace with the cost of living and the increasing complexity of supply chain management.
Buyers and Purchasing Agents Salary Distribution in Northwest Minnesota nonmetropolitan area
Career progression for Buyers and Purchasing Agents in Northwest Minnesota typically correlates with increased experience and responsibility. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with extensive expertise in negotiation, strategic sourcing, and supply chain optimization can command significantly higher salaries. The percentile gaps in earnings clearly signify the career trajectory available, rewarding accumulated knowledge and proven performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,560 | $20.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,873 | $25.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,580 | $33 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,788 | $43.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $100,840 | $48.5 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$71,830
Gross Pay
Real Wage (Purchasing Power)
$71,830
Adjusted for COL (100)
The nominal average salary of $71,830 in Northwest Minnesota aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Buyer or Purchasing Agent in this region is comparable to that of their counterparts across the United States, assuming a similar lifestyle. While the salary may be lower than the national average, the equivalent cost of living suggests that the take-home pay effectively supports a standard of living consistent with national benchmarks.
Job Market Context
660
Total Jobs
3.451
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Northwest Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
With a Location Quotient of 1.09, Northwest Minnesota exhibits a slightly higher concentration of Buyers and Purchasing Agents compared to the national average. This suggests that the job market is neither oversaturated nor exceptionally scarce; rather, it indicates a healthy and established demand for these professionals within the region's specific industrial and commercial landscape. Companies in this area likely value the specialized skills these agents bring to managing procurement processes.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Buyers and Purchasing Agents Salary | $73,750↑ 3% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Buyers and Purchasing Agents Salary | $90,870↑ 27% | 58 mi |
Comparing salaries near Northwest Minnesota nonmetropolitan area
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Northwest Minnesota nonmetropolitan area?
The median annual salary for a Buyers and Purchasing Agents in Northwest Minnesota nonmetropolitan area is $71,830. This typically ranges from $43,560 for entry-level positions to $100,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Minnesota nonmetropolitan area is 10.3% lower than the national median of $80,070.
Is Northwest Minnesota nonmetropolitan area a lucrative place for Buyers and Purchasing Agentss?
No, not significantly more lucrative than the national average.While the average salary of $71,830 is substantial, it falls below the national average of $80,070. However, the cost of living is also at the national average, meaning the purchasing power is comparable.
Is Northwest Minnesota nonmetropolitan area a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Northwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($73,750) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the local workforce size affect job prospects?
A local workforce of 660 indicates a moderate-sized pool of professionals, suggesting stable but not necessarily rapid job growth opportunities for new entrants.
What does a Location Quotient of 1.09 mean for job seekers?
A Location Quotient of 1.09 signifies that Buyers and Purchasing Agents are slightly more concentrated in this region than nationally, implying a steady demand for their expertise.
How does the cost of living impact the salary's real value?
With a Cost of Living Index of 100 (national average), the $71,830 salary offers purchasing power equivalent to the national average, making it a fair compensation relative to expenses.
Are there significant salary differences based on experience in this region?
Yes, as with most professions, experience plays a crucial role, with senior Buyers and Purchasing Agents earning considerably more than entry-level professionals, reflecting increased responsibility and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 660 employees in the Northwest Minnesota nonmetropolitan area area with a job density of 3.451 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 Northwest Minnesota nonmetropolitan area