Average Buyers and Purchasing Agents Salary in Panama City-Panama City Beach, FL
In Panama City-Panama City Beach, FL, Buyers and Purchasing Agents earn an average annual salary of $75,850. This figure is slightly below the national average of $80,070, indicating a localized compensation structure influenced by regional economic factors and industry demand within the Florida Panhandle. The specific economic landscape and operational needs of businesses in this area shape the compensation for these critical procurement roles.
Executive Summary
- Average Salary: $75,850 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $120,280.
- Outlook: The job market for Buyers and Purchasing Agents in Panama City-Panama City Beach, FL, appears moderately robust, with a total local workforce of 360 individuals in this profession. The Location Quotient of 1.31 suggests a higher concentration of these roles compared to the national average, implying a stable or growing demand that supports this specialized segment of the workforce.
Salary Overview
The average Buyers and Purchasing Agents in Panama City-Panama City Beach, FL earns-5.3%below the national average.
$36.5
$1,459
$6,321
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for Panama City-Panama City Beach is not provided, it is reasonable to assume that salaries for Buyers and Purchasing Agents have experienced gradual growth over the past four years, mirroring national trends. Economic recovery, inflation, and increasing demand for skilled procurement professionals typically drive upward salary adjustments in most markets.
Buyers and Purchasing Agents Salary Distribution in Panama City-Panama City Beach, FL
Career progression for Buyers and Purchasing Agents in Panama City-Panama City Beach, FL, is typically marked by increasing salary potential. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries significantly higher than the average. The percentile gaps in salary distribution reflect these opportunities for advancement and increased earning power.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,050 | $19.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,888 | $27.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $68,710 | $33 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,813 | $45.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $120,280 | $57.8 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$75,850
Gross Pay
Real Wage (Purchasing Power)
$75,850
Adjusted for COL (100)
For professionals considering a move to Panama City-Panama City Beach, FL, the average salary of $75,850 aligns perfectly with the local cost of living, which is indexed at 100, the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a stable financial outlook without the immediate pressure of higher or lower living expenses.
Job Market Context
360
Total Jobs
4.149
Per 1K Jobs
1.31
Location Quotient
With a location quotient of 1.31, Panama City-Panama City Beach, FL has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
The Location Quotient of 1.31 for Buyers and Purchasing Agents in Panama City-Panama City Beach, FL, signifies a market where this profession is more concentrated than the national average. This suggests a potentially competitive environment, but also indicates a healthy demand for these skills within the local economy, offering good opportunities for those with relevant expertise.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Crestview-Fort Walton Beach-Destin, FL Buyers and Purchasing Agents Salary | $87,770↑ 16% | 69 mi |
| Dothan, AL Buyers and Purchasing Agents Salary | $63,230↓ 17% | 72 mi |
| Tallahassee, FL Buyers and Purchasing Agents Salary | $60,840↓ 20% | 82 mi |
| Pensacola-Ferry Pass-Brent, FL Buyers and Purchasing Agents Salary | $69,090↓ 9% | 96 mi |
Comparing salaries near Panama City-Panama City Beach, FL
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Panama City-Panama City Beach, FL?
The median annual salary for a Buyers and Purchasing Agents in Panama City-Panama City Beach, FL is $75,850. This typically ranges from $40,050 for entry-level positions to $120,280 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Panama City-Panama City Beach, FL is 5.3% lower than the national median of $80,070.
Is Panama City-Panama City Beach, FL a lucrative place for Buyers and Purchasing Agents?
Yes, it offers competitive compensation relative to its cost of living.While the average salary is slightly below the national average, the cost of living is also at the national average, making the $75,850 salary financially comparable to national standards.
Is Panama City-Panama City Beach, FL a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Panama City-Panama City Beach, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Panama City-Panama City Beach, FL?
Some top paying nearby cities include Crestview-Fort Walton Beach-Destin, FL ($87,770) and Dothan, AL.
How does the local workforce size affect job prospects?
A local workforce of 360 suggests a specialized but established market. While not a massive hub, it indicates consistent demand for Buyers and Purchasing Agents within the region.
What does a Location Quotient of 1.31 mean for job seekers?
A Location Quotient above 1.0, like 1.31, means this area has a higher concentration of Buyers and Purchasing Agents than the national average, suggesting more opportunities relative to the general job market.
How does experience impact salary for this role in Panama City?
Experience is a key driver of salary. Entry-level positions will likely earn less, while senior Buyers and Purchasing Agents with proven track records can expect to earn significantly more than the $75,850 average.
Is the salary competitive compared to other Florida cities?
Without comparative data for other Florida cities, it's difficult to say definitively. However, the salary is aligned with the national average cost of living, suggesting a balanced local economic environment.
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 Panama City-Panama City Beach, FL area with a job density of 4.149 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Buyers and Purchasing Agents Salaries by State
Top Jobs in Panama City-Panama City Beach, FL
- All Occupations Salary in Panama City-Panama City Beach, FL
- Food Preparation and Serving Related Occupations Salary in Panama City-Panama City Beach, FL
- Sales and Related Occupations Salary in Panama City-Panama City Beach, FL
- Office and Administrative Support Occupations Salary in Panama City-Panama City Beach, FL
- Transportation and Material Moving Occupations Salary in Panama City-Panama City Beach, FL
- Construction and Extraction Occupations Salary in Panama City-Panama City Beach, FL
- Management Occupations Salary in Panama City-Panama City Beach, FL
- Healthcare Practitioners and Technical Occupations Salary in Panama City-Panama City Beach, FL
- Business and Financial Operations Occupations Salary in Panama City-Panama City Beach, FL
- Educational Instruction and Library Occupations Salary in Panama City-Panama City Beach, FL
- Browse All Jobs in Panama City-Panama City Beach, FL →
Semantic Salary Analysis for Buyers and Purchasing Agents • Data source: BLS OEWS 2024 •Jobs in Panama City-Panama City Beach, FL