Average Buyers and Purchasing Agents Salary in Southwest Minnesota nonmetropolitan area
Buyers and Purchasing Agents in the Southwest Minnesota nonmetropolitan area earn an average annual salary of $74,720. This figure is slightly below the national average of $80,070, a common trend in nonmetropolitan regions where industry concentration and demand may differ from larger urban centers. The specific economic landscape and industry needs of Southwest Minnesota directly influence this compensation level.
Executive Summary
- Average Salary: $74,720 per year.
- Growth Trend: Salaries have shifted 7.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $117,000.
- Outlook: The job market for Buyers and Purchasing Agents in Southwest Minnesota appears stable, with a total local workforce of 350 individuals. The Location Quotient of 0.93 suggests a concentration of these roles that is very close to the national average, indicating a consistent, albeit not exceptionally high, demand for these professionals within the region. The presence of nearly 3 jobs per 1,000 workers further supports a steady employment environment.
Salary Overview
The average Buyers and Purchasing Agents in Southwest Minnesota nonmetropolitan area earns-6.7%below the national average.
$35.9
$1,437
$6,227
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for this precise region isn't provided, it's reasonable to assume that salaries for Buyers and Purchasing Agents in Southwest Minnesota have experienced gradual growth over the past four years, mirroring national trends. Economic shifts, inflation, and evolving supply chain complexities likely contribute to an upward pressure on compensation, ensuring that professionals in this role see their earnings keep pace with broader economic changes.
Buyers and Purchasing Agents Salary Distribution in Southwest Minnesota nonmetropolitan area
Salary progression for Buyers and Purchasing Agents is typically tied to experience and responsibility. Entry-level positions will generally fall towards the lower end of the pay scale, while senior roles, involving strategic sourcing, complex negotiations, and team leadership, command significantly higher compensation. The percentile gaps in salary distribution clearly signify career progression opportunities, rewarding accumulated expertise and demonstrated value within an organization.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,240 | $22.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,040 | $26.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $69,000 | $33.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,400 | $44.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $117,000 | $56.3 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$74,720
Gross Pay
Real Wage (Purchasing Power)
$74,720
Adjusted for COL (100)
The nominal average salary of $74,720 in Southwest Minnesota aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Buyer's salary in this region is equivalent to the national average. While the salary is slightly lower than the national average, the equivalent cost of living suggests that the take-home pay maintains a comparable standard of living to that experienced elsewhere in the country.
Job Market Context
350
Total Jobs
2.926
Per 1K Jobs
0.93
Location Quotient
Southwest Minnesota nonmetropolitan area has 0.93x the national average concentration of Buyers and Purchasing Agents jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.93, the market for Buyers and Purchasing Agents in Southwest Minnesota is neither significantly over- nor under-saturated compared to the national average. This indicates a balanced job market where demand and supply are relatively aligned. Professionals entering this field can expect a competitive but accessible landscape, with opportunities available without the intense competition often found in areas with much higher concentration quotients.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Buyers and Purchasing Agents Salary | $73,750↓ 1% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Buyers and Purchasing Agents Salary | $90,870↑ 22% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring Buyers and Purchasing Agentss?
Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Buyers and Purchasing Agents in Southwest Minnesota nonmetropolitan area is $74,720. This typically ranges from $46,240 for entry-level positions to $117,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 6.7% lower than the national median of $80,070.
Is Southwest Minnesota nonmetropolitan area a lucrative place for Buyers and Purchasing Agentss?
Moderately lucrative, with national cost of living parity.The average salary of $74,720 is slightly below the national average, but the Cost of Living Index is exactly at the national average. This suggests that while the nominal pay isn't the highest, the purchasing power remains comparable to national standards.
Is Southwest Minnesota nonmetropolitan area a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest 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 350 Buyers and Purchasing Agents indicates a specialized but stable sector within Southwest Minnesota. This size suggests a focused demand that can lead to consistent opportunities for skilled professionals.
What does a Location Quotient of 0.93 mean for job seekers?
A Location Quotient of 0.93 signifies that the concentration of Buyers and Purchasing Agents in Southwest Minnesota is very close to the national average. This implies a healthy and balanced job market, neither overly competitive nor scarce.
How does the cost of living impact the $74,720 salary?
With a Cost of Living Index of 100, the $74,720 salary offers purchasing power equivalent to the national average. This means that despite being slightly below the national salary average, the salary's value is maintained due to the comparable cost of living.
Are there many jobs per 1,000 workers for this role in Southwest Minnesota?
Yes, with 2.926 jobs per 1,000 workers, there is a solid presence of Buyer and Purchasing Agent roles relative to the general workforce, indicating steady demand within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 2.926 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 Southwest Minnesota nonmetropolitan area