Average Buyers and Purchasing Agents Salary in Peoria, IL
In Peoria, IL, Buyers and Purchasing Agents earn an average annual salary of $77,120. This figure is slightly below the national average of $80,070, suggesting localized market dynamics and potentially a different cost-of-living adjustment influencing compensation. While the nominal salary is a key indicator, understanding the broader economic landscape of Peoria is crucial for a complete picture.
Executive Summary
- Average Salary: $77,120 per year.
- Growth Trend: Salaries have shifted 1.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,880.
- Outlook: Peoria, IL hosts a dedicated workforce of 740 Buyers and Purchasing Agents, with 4.478 jobs per 1,000 workers. The Location Quotient of 1.42 indicates a higher concentration of these roles compared to the national average, signaling a robust and potentially growing demand for procurement professionals within the region.
Salary Overview
The average Buyers and Purchasing Agents in Peoria, IL earns-3.7%below the national average.
$37.1
$1,483
$6,427
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 Peoria, like in most markets, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increased demand for skilled procurement professionals, and evolving industry needs.
Buyers and Purchasing Agents Salary Distribution in Peoria, IL
Career progression for Buyers and Purchasing Agents in Peoria, IL, is marked by significant salary increases with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive expertise and specialized skills can command salaries well into the higher percentiles, reflecting a clear path for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,740 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,840 | $27.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $70,410 | $33.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,400 | $46.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,880 | $56.7 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$77,120
Gross Pay
Real Wage (Purchasing Power)
$77,120
Adjusted for COL (100)
The average annual salary of $77,120 in Peoria, IL, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Buyer or Purchasing Agent's salary in Peoria is equivalent to that of someone earning the national average salary in a location with a national average cost of living.
Job Market Context
740
Total Jobs
4.478
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Peoria, IL has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
With a Location Quotient of 1.42, Peoria, IL, demonstrates a notable concentration of Buyers and Purchasing Agents relative to the national average. This suggests that the job market in Peoria is more specialized in procurement roles than the typical U.S. city, potentially offering more opportunities and a competitive environment for professionals in this field.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Buyers and Purchasing Agents Salary | $78,110↑ 1% | 39 mi |
| West Central Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $71,260↓ 8% | 43 mi |
| East Central Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $66,500↓ 14% | 43 mi |
| Northwest Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $70,280↓ 9% | 43 mi |
| South Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $68,410↓ 11% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Peoria, IL?
The median annual salary for a Buyers and Purchasing Agents in Peoria, IL is $77,120. This typically ranges from $49,740 for entry-level positions to $117,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 3.7% lower than the national median of $80,070.
Is Peoria, IL a lucrative place for Buyers and Purchasing Agents?
Yes, with a stable cost of living.While the average salary is slightly below the national average, the cost of living in Peoria is also at the national average, making the $77,120 salary competitive. The higher concentration of these roles (LQ 1.42) further indicates a healthy local market.
Is Peoria, IL a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($78,110) and West Central Illinois nonmetropolitan area.
How does Peoria's Buyer and Purchasing Agent salary compare to the national average?
The average annual salary for Buyers and Purchasing Agents in Peoria, IL, is $77,120, which is slightly lower than the national average of $80,070.
What is the cost of living in Peoria, IL for Buyers and Purchasing Agents?
The cost of living in Peoria, IL, is exactly at the national average, with an index of 100, meaning your salary has the same purchasing power as the national average.
Is there a high demand for Buyers and Purchasing Agents in Peoria, IL?
Yes, the Location Quotient of 1.42 indicates a higher concentration of these jobs in Peoria compared to the national average, suggesting strong local demand.
How many Buyers and Purchasing Agents work in Peoria, IL?
There are approximately 740 Buyers and Purchasing Agents employed in the Peoria, IL area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 740 employees in the Peoria, IL area with a job density of 4.478 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 Peoria, IL