Average Purchasing Managers Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Purchasing Managers in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area command an impressive average annual salary of $164,260. This figure significantly surpasses the national average of $152,540, indicating a robust demand and potentially higher cost of doing business or specialized industry needs within this region that drive compensation upwards.
Executive Summary
- Average Salary: $164,260 per year.
- Growth Trend: Salaries have shifted 24.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $222,330.
- Outlook: With a local workforce of 1,090 Purchasing Managers, the Minneapolis-St. Paul-Bloomington area demonstrates a substantial presence in this profession. The Location Quotient of 1.07 suggests a slightly higher concentration of these roles compared to the national average, implying a healthy and stable job market with consistent demand for skilled procurement professionals.
Salary Overview
The average Purchasing Managers in Minneapolis-St. Paul-Bloomington, MN-WI earns+7.7%above the national average.
$79
$3,159
$13,688
Purchasing Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Purchasing Manager salaries in Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. Economic expansion, inflation, and increasing complexity in supply chain management typically contribute to upward pressure on compensation for these vital roles.
Purchasing Managers Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Experience plays a crucial role in the earning potential of Purchasing Managers. Entry-level professionals typically start at the lower end of the salary spectrum, while those with extensive experience, specialized certifications, and a proven track record in strategic sourcing and negotiation can command salaries well into the upper percentiles, reflecting significant career progression and increased responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $100,730 | $48.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $123,195 | $59.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $162,190 | $78 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $205,325 | $98.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $222,330 | $106.9 |
Detailed Purchasing Managers Market Analysis
Relocation Context
Nominal Salary
$164,260
Gross Pay
Real Wage (Purchasing Power)
$164,260
Adjusted for COL (100)
The average annual salary of $164,260 in Minneapolis-St. Paul-Bloomington aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Purchasing Manager's salary in this region is equivalent to the national average, offering a stable financial standing without the typical premium associated with higher-than-average salaries in more expensive metropolitan areas.
Job Market Context
1,090
Total Jobs
0.562
Per 1K Jobs
1.07
Location Quotient
With a location quotient of 1.07, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of Purchasing Managers roles compared to the national norm.
A Location Quotient of 1.07 indicates that Purchasing Managers are slightly more concentrated in the Minneapolis-St. Paul-Bloomington area than the national average. This suggests a competitive yet accessible job market, where employers value the expertise of these professionals, and there is a good balance between available talent and job opportunities.
Nearby Job Markets
Nearby Cities for Purchasing Managers
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Purchasing Managers Salary | $124,700↓ 24% | 58 mi |
| Southeast Minnesota nonmetropolitan area Purchasing Managers Salary | $154,070↓ 6% | 58 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Purchasing Managerss?
Frequently Asked Questions
How much does a Purchasing Managers make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Purchasing Managers in Minneapolis-St. Paul-Bloomington, MN-WI is $164,260. This typically ranges from $100,730 for entry-level positions to $222,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 7.7% higher than the national median of $152,540.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Purchasing Managers?
Yes, it is a lucrative location for Purchasing Managers.Purchasing Managers in this area earn significantly above the national average salary. Furthermore, the cost of living is at the national average, enhancing the real value of their compensation.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Purchasing Managers?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($124,700) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
Purchasing Managers in Minneapolis-St. Paul-Bloomington earn an average of $164,260 annually, which is notably higher than the national average of $152,540.
What is the concentration of Purchasing Managers in this area?
The Location Quotient of 1.07 indicates a slightly higher concentration of Purchasing Managers in Minneapolis-St. Paul-Bloomington compared to the national average, suggesting a healthy demand for these professionals.
How does the cost of living affect the salary in Minneapolis-St. Paul-Bloomington?
The Cost of Living Index is 100, which is the national average. This means the higher salary in Minneapolis-St. Paul-Bloomington offers excellent purchasing power.
What does the total local workforce number signify?
A total local workforce of 1,090 Purchasing Managers indicates a substantial and established professional community within the Minneapolis-St. Paul-Bloomington area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,090 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 0.562 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 Minneapolis-St. Paul-Bloomington, MN-WI