Average Buyers and Purchasing Agents Salary in Upper Peninsula of Michigan nonmetropolitan area
In the Upper Peninsula of Michigan's nonmetropolitan area, Buyers and Purchasing Agents earn an average annual salary of $63,820. This figure is notably below the national average of $80,070, reflecting the unique economic landscape and potentially lower demand for specialized procurement roles outside major metropolitan hubs. Local market dynamics and industry concentration significantly influence compensation levels in this region.
Executive Summary
- Average Salary: $63,820 per year.
- Growth Trend: Salaries have shifted 24.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $92,130.
- Outlook: The Upper Peninsula of Michigan supports a local workforce of 380 Buyers and Purchasing Agents, with 3.43 jobs per 1,000 workers. A Location Quotient of 1.09 suggests a slightly higher concentration of these roles compared to the national average, indicating a stable, albeit not rapidly expanding, demand within the region's specific economic sectors. This modest concentration points to a steady job market for procurement professionals in this area.
Salary Overview
The average Buyers and Purchasing Agents in Upper Peninsula of Michigan nonmetropolitan area earns-20.3%below the national average.
$30.7
$1,227
$5,318
Buyers and Purchasing Agents Salary Trends (2020-2024)
While specific historical data for the Upper Peninsula 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 shifts, inflation, and evolving supply chain complexities typically drive incremental increases in compensation to retain skilled professionals.
Buyers and Purchasing Agents Salary Distribution in Upper Peninsula of Michigan nonmetropolitan area
Career progression for Buyers and Purchasing Agents typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive negotiation and management experience can command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,440 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,865 | $23 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,010 | $28.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $79,775 | $38.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $92,130 | $44.3 |
Detailed Buyers and Purchasing Agents Market Analysis
Relocation Context
Nominal Salary
$63,820
Gross Pay
Real Wage (Purchasing Power)
$63,820
Adjusted for COL (100)
The average annual salary of $63,820 in the Upper Peninsula of Michigan aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, suggesting that while the absolute salary is lower than the national average, the cost of living does not diminish its real value significantly within the local context.
Job Market Context
380
Total Jobs
3.43
Per 1K Jobs
1.09
Location Quotient
With a location quotient of 1.09, Upper Peninsula of Michigan nonmetropolitan area has a slightly higher-than-average concentration of Buyers and Purchasing Agents roles compared to the national norm.
With a Location Quotient of 1.09, the Upper Peninsula of Michigan exhibits a slightly higher concentration of Buyers and Purchasing Agents than the national average. This indicates a moderately competitive market where demand is present and potentially growing within specific local industries, but not so saturated as to suppress wages drastically. Professionals in this field can expect a stable job market with opportunities tied to regional economic activity.
Nearby Job Markets
Nearby Cities for Buyers and Purchasing Agents
| City | Salary | Dist. |
|---|---|---|
| Midland, MI Buyers and Purchasing Agents Salary | $79,420↑ 24% | 26 mi |
| Saginaw, MI Buyers and Purchasing Agents Salary | $71,870↑ 13% | 30 mi |
| Bay City, MI Buyers and Purchasing Agents Salary | $64,870↑ 2% | 37 mi |
| Lansing-East Lansing, MI Buyers and Purchasing Agents Salary | $71,880↑ 13% | 42 mi |
| Flint, MI Buyers and Purchasing Agents Salary | $65,800↑ 3% | 47 mi |
Comparing salaries near Upper Peninsula of Michigan nonmetropolitan area
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Frequently Asked Questions
How much does a Buyers and Purchasing Agents make in Upper Peninsula of Michigan nonmetropolitan area?
The median annual salary for a Buyers and Purchasing Agents in Upper Peninsula of Michigan nonmetropolitan area is $63,820. This typically ranges from $41,440 for entry-level positions to $92,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Upper Peninsula of Michigan nonmetropolitan area is 20.3% lower than the national median of $80,070.
Is Upper Peninsula of Michigan nonmetropolitan area a lucrative place for Buyers and Purchasing Agentss?
No, not exceptionally lucrative compared to national standards.While the average salary of $63,820 is stable and the cost of living is average, it falls significantly below the national average salary. The slightly higher concentration of roles suggests steady demand but not necessarily premium compensation.
Is Upper Peninsula of Michigan nonmetropolitan area a good place to live for Buyers and Purchasing Agents?
The Cost of Living Index in Upper Peninsula of Michigan nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Upper Peninsula of Michigan nonmetropolitan area?
Some top paying nearby cities include Midland, MI ($79,420) and Saginaw, MI.
How does the Upper Peninsula's salary compare to the national average?
The average salary for Buyers and Purchasing Agents in the Upper Peninsula is $63,820, which is approximately 20% lower than the national average of $80,070.
What is the significance of the Location Quotient (LQ) of 1.09?
An LQ of 1.09 indicates that there are slightly more Buyers and Purchasing Agents employed in the Upper Peninsula relative to its workforce size compared to the national average. This suggests a moderate level of industry concentration for this role.
Does experience impact salary for Buyers and Purchasing Agents in this region?
Yes, as with most professions, experience significantly influences salary. Senior Buyers and Purchasing Agents with specialized skills and a proven track record typically earn considerably more than entry-level professionals.
How does the Cost of Living affect the $63,820 salary?
With a Cost of Living Index of 100 (matching the national average), the $63,820 salary offers purchasing power equivalent to the national average, meaning the lower nominal salary is offset by lower local expenses relative to the national median.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Upper Peninsula of Michigan nonmetropolitan area area with a job density of 3.43 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 Upper Peninsula of Michigan nonmetropolitan area