Average Buyers and Purchasing Agents Salary in Springfield, IL
In Springfield, IL, Buyers and Purchasing Agents earn an average annual salary of $74,780. This figure is slightly below the national average of $80,070, reflecting localized market dynamics and regional economic factors. While the nominal pay is lower than the national benchmark, understanding the cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $74,780 per year.
- Growth Trend: Salaries have shifted 10.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $114,460.
- Outlook: Springfield, IL supports a local workforce of 240 Buyers and Purchasing Agents. With a Location Quotient of 0.75, the concentration of these roles is slightly below the national average, suggesting a stable but not exceptionally high demand. The presence of 2.361 jobs per 1,000 workers indicates a consistent, albeit moderate, need for these professionals within the local economy.
Salary Overview
The average Buyers and Purchasing Agents in Springfield, IL earns-6.6%below the national average.
$36
$1,438
$6,232
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for Springfield, IL is not provided, it is reasonable to assume that salaries for Buyers and Purchasing Agents have experienced growth over the past four years, mirroring national trends. Economic shifts and inflation typically drive salary adjustments upwards, and professionals in this field can anticipate a gradual increase in compensation aligned with market conditions and evolving responsibilities.
Buyers and Purchasing Agents Salary Distribution in Springfield, IL
Salary progression for Buyers and Purchasing Agents in Springfield, IL, is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive negotiation skills and industry knowledge can significantly increase their earning potential. The percentile gaps between junior and senior roles highlight the substantial career growth and increased responsibility that accompany advancement in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,060 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,085 | $27 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $71,270 | $34.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $93,475 | $44.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $114,460 | $55 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$74,780
Gross Pay
Real Wage (Purchasing Power)
$74,780
Adjusted for COL (100)
The average annual salary of $74,780 in Springfield, IL, 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 and Purchasing Agent's salary in Springfield is equivalent to the national average, making it a financially neutral location in terms of cost of living relative to income.
Job Market Context
240
Total Jobs
2.361
Per 1K Jobs
0.75
Location Quotient
Springfield, IL has 0.75x 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 0.75, Springfield, IL, has a slightly lower concentration of Buyers and Purchasing Agents compared to the national average. This suggests that while the profession is present and necessary, the market may not be saturated, potentially offering a balanced environment for job seekers. It indicates a steady demand without an overabundance of professionals in the field.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Buyers and Purchasing Agents Salary | $86,000↑ 15% | 39 mi |
| West Central Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $71,260↓ 5% | 53 mi |
| East Central Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $66,500↓ 11% | 53 mi |
| Northwest Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $70,280↓ 6% | 53 mi |
| South Illinois nonmetropolitan area Buyers and Purchasing Agents Salary | $68,410↓ 9% | 53 mi |
Comparing salaries near Springfield, IL
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Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Springfield, IL?
The median annual salary for a Buyers and Purchasing Agents in Springfield, IL is $74,780. This typically ranges from $47,060 for entry-level positions to $114,460 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 6.6% lower than the national median of $80,070.
Is Springfield, IL a lucrative place for Buyers and Purchasing Agents?
No, not exceptionally lucrative compared to the national average.While the salary of $74,780 is substantial, it falls below the national average of $80,070. However, the cost of living being at the national average means the salary's purchasing power is equivalent nationally.
Is Springfield, IL a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($86,000) and West Central Illinois nonmetropolitan area.
How does the local workforce size affect job opportunities?
A local workforce of 240 indicates a moderate presence of Buyers and Purchasing Agents, suggesting a stable job market with consistent opportunities rather than rapid expansion.
What does a Location Quotient of 0.75 mean for job seekers?
A Location Quotient below 1.0 signifies less concentration than the national average, potentially meaning less competition for roles but also indicating that the industry is not a dominant sector in Springfield.
How does the cost of living impact the salary in Springfield, IL?
With a Cost of Living Index of 100, the $74,780 salary offers purchasing power equivalent to the national average, making it a fair compensation relative to expenses.
Are there many jobs per 1,000 workers for this role in Springfield?
The rate of 2.361 jobs per 1,000 workers suggests a steady, albeit not exceptionally high, demand for Buyers and Purchasing Agents within the Springfield labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Springfield, IL area with a job density of 2.361 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 Springfield, IL