Average Buyers and Purchasing Agents Salary in Southeast Minnesota nonmetropolitan area
In the Southeast Minnesota nonmetropolitan area, Buyers and Purchasing Agents earn an average annual salary of $78,610. This figure is slightly below the national average of $80,070, reflecting a localized market dynamic. Factors such as regional industry demand and the specific needs of businesses within this nonmetropolitan setting contribute to this compensation.
Executive Summary
- Average Salary: $78,610 per year.
- Growth Trend: Salaries have shifted 31.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $121,020.
- Outlook: With a local workforce of 550 Buyers and Purchasing Agents, the job market in Southeast Minnesota nonmetropolitan area demonstrates a stable presence. The location quotient of 1.14 indicates a slightly higher concentration of these professionals compared to the national average, suggesting a consistent, albeit not booming, demand for their expertise within the region.
Salary Overview
The average Buyers and Purchasing Agents in Southeast Minnesota nonmetropolitan area earns-1.8%below the national average.
$37.8
$1,512
$6,551
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Buyers and Purchasing Agents across the nation, including in nonmetropolitan areas like Southeast Minnesota, have seen steady growth over the past four years. This trend is typically driven by inflation, increasing complexity in supply chains, and the growing importance of strategic procurement.
Buyers and Purchasing Agents Salary Distribution in Southeast Minnesota nonmetropolitan area
Career progression for Buyers and Purchasing Agents in Southeast Minnesota nonmetropolitan area typically involves salary increases with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive negotiation skills and strategic sourcing experience can command salaries in the upper percentiles, reflecting a significant earning potential as expertise deepens.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,340 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,958 | $28.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,370 | $35.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,263 | $47.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $121,020 | $58.2 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$78,610
Gross Pay
Real Wage (Purchasing Power)
$78,610
Adjusted for COL (100)
The average annual salary of $78,610 in Southeast Minnesota nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of this salary is equivalent to the national average, making it a neutral factor for relocation considerations from a cost perspective.
Job Market Context
550
Total Jobs
3.603
Per 1K Jobs
1.14
Location Quotient
With a location quotient of 1.14, Southeast Minnesota nonmetropolitan area has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
A location quotient of 1.14 signifies that Buyers and Purchasing Agents are slightly more concentrated in the Southeast Minnesota nonmetropolitan area than the national average. This suggests a moderately competitive market where the demand is present and perhaps slightly outpaces the national average, offering reasonable opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Buyers and Purchasing Agents Salary | $73,750↓ 6% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Buyers and Purchasing Agents Salary | $90,870↑ 16% | 58 mi |
Comparing salaries near Southeast Minnesota nonmetropolitan area
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Southeast Minnesota nonmetropolitan area?
The median annual salary for a Buyers and Purchasing Agents in Southeast Minnesota nonmetropolitan area is $78,610. This typically ranges from $48,340 for entry-level positions to $121,020 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southeast Minnesota nonmetropolitan area is 1.8% lower than the national median of $80,070.
Is Southeast Minnesota nonmetropolitan area a lucrative place for Buyers and Purchasing Agentss?
Moderately lucrative, with potential for growth.The average salary is close to the national average, and the cost of living is also at the national average, indicating stable earning potential. The slightly higher concentration of these roles suggests consistent regional demand.
Is Southeast Minnesota nonmetropolitan area a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Southeast Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southeast 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 opportunities?
A local workforce of 550 indicates a established presence of Buyers and Purchasing Agents, suggesting a stable job market with ongoing opportunities for both new entrants and experienced professionals.
What does a Location Quotient of 1.14 mean for job seekers?
A location quotient of 1.14 implies that this region has a slightly higher concentration of Buyers and Purchasing Agents roles compared to the national average, potentially indicating more specialized or niche opportunities.
How does the cost of living impact the $78,610 salary?
With a cost of living index of 100, the $78,610 salary offers purchasing power equivalent to the national average, meaning your earnings will stretch similarly to what they would in a typical U.S. location.
Are there significant salary differences based on experience in this region?
Yes, as with most professions, experience plays a crucial role. Entry-level positions will likely command lower salaries, while senior Buyers and Purchasing Agents with specialized skills and a proven track record can expect to earn significantly more, moving into higher salary percentiles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Southeast Minnesota nonmetropolitan area area with a job density of 3.603 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 Southeast Minnesota nonmetropolitan area