Average Purchasing Managers Salary in Chicago-Naperville-Elgin, IL-IN
Purchasing Managers in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an average annual salary of $152,040. This figure is remarkably close to the national average of $152,540, indicating a stable and competitive compensation landscape for this critical role. The robust industrial and commercial base of the region likely underpins this strong salary offering, reflecting the demand for skilled procurement professionals.
Executive Summary
- Average Salary: $152,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $213,660.
- Outlook: The local job market for Purchasing Managers in Chicago-Naperville-Elgin, IL-IN appears robust, supporting a workforce of 3,250 professionals. A Location Quotient of 1.38 signifies that this occupation is more concentrated here than the national average, suggesting a healthy demand and a potentially strong job outlook for those in the field.
Salary Overview
The average Purchasing Managers in Chicago-Naperville-Elgin, IL-IN earns-0.3%below the national average.
$73.1
$2,924
$12,670
Purchasing Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Purchasing Managers have seen consistent growth over the past four years, mirroring broader economic trends and inflation. This upward trajectory is likely driven by increasing complexity in supply chains and a greater emphasis on strategic sourcing by businesses in the Chicago area.
Purchasing Managers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Purchasing Managers typically scales with experience. Entry-level positions may start at lower percentiles, while seasoned professionals with extensive experience in strategic sourcing, negotiation, and supply chain management can command salaries in the higher percentiles. The gap between entry-level and senior roles highlights significant career advancement opportunities and earning potential within this profession.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $98,020 | $47.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,030 | $54.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $140,730 | $67.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $190,050 | $91.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $213,660 | $102.7 |
Detailed Purchasing Managers Market Analysis
Relocation Context
Nominal Salary
$152,040
Gross Pay
Real Wage (Purchasing Power)
$152,040
Adjusted for COL (100)
With an average annual salary of $152,040 and a Cost of Living Index of 100, Purchasing Managers in Chicago-Naperville-Elgin, IL-IN experience a salary that perfectly aligns with the national average cost of living. This means that the purchasing power of their income is equivalent to the national standard, offering a stable financial foundation for residents.
Job Market Context
3,250
Total Jobs
0.727
Per 1K Jobs
1.38
Location Quotient
With a location quotient of 1.38, Chicago-Naperville-Elgin, IL-IN has a slightly higher-than-average concentration of Purchasing Managers roles compared to the national norm.
The Location Quotient of 1.38 for Purchasing Managers in Chicago-Naperville-Elgin, IL-IN indicates a higher concentration of these roles compared to the national average. This suggests a competitive yet abundant job market, where employers actively seek out talent, and professionals have a good number of opportunities available to them.
Nearby Job Markets
Nearby Cities for Purchasing Managers
| City | Salary | Dist. |
|---|---|---|
| Kenosha, WI Purchasing Managers Salary | $138,420↓ 9% | 51 mi |
| Racine-Mount Pleasant, WI Purchasing Managers Salary | $127,090↓ 16% | 59 mi |
| Niles, MI Purchasing Managers Salary | $112,260↓ 26% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Purchasing Managerss?
Frequently Asked Questions
How much does a Purchasing Managers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Purchasing Managers in Chicago-Naperville-Elgin, IL-IN is $152,040. This typically ranges from $98,020 for entry-level positions to $213,660 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 0.3% lower than the national median of $152,540.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Purchasing Managerss?
Yes, it is a lucrative place for Purchasing Managers.The average salary of $152,040 is on par with the national average, and the high concentration of roles (LQ of 1.38) indicates strong demand. Coupled with a national average cost of living, this makes the area financially attractive for these professionals.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Purchasing Managers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Kenosha, WI ($138,420) and Racine-Mount Pleasant, WI.
How does the Chicago Purchasing Manager salary compare to the national average?
The average salary for Purchasing Managers in Chicago-Naperville-Elgin, IL-IN is $152,040, which is very close to the national average of $152,540.
What is the concentration of Purchasing Managers in the Chicago area?
The Chicago-Naperville-Elgin, IL-IN area has a Location Quotient of 1.38 for Purchasing Managers, meaning the occupation is 38% more concentrated than the national average.
How does the cost of living affect the Purchasing Manager salary in Chicago?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100, which is the national average. Therefore, the nominal salary of $152,040 has purchasing power equivalent to the national average.
What is the total number of Purchasing Managers in the Chicago area?
There are approximately 3,250 Purchasing Managers employed within the Chicago-Naperville-Elgin, IL-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,250 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 0.727 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Purchasing Managers • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN