Average Purchasing Managers Salary in New Jersey
Purchasing Managers in New Jersey command an impressive average annual salary of $185,390, significantly surpassing the national average of $152,540. This elevated compensation is largely driven by New Jersey's robust industrial sector, high demand for skilled procurement professionals, and the state's overall economic dynamism, which necessitates higher pay to attract and retain top talent.
Executive Summary
- Average Salary: $185,390 per year.
- Growth Trend: Salaries have shifted 8.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $278,085.
- Outlook: New Jersey boasts a substantial local workforce of 2,830 Purchasing Managers, indicating a mature and active job market. With a Location Quotient of 1.26, the concentration of these roles in New Jersey is 26% higher than the national average, suggesting a strong and potentially growing demand for procurement expertise within the state's diverse industries.
Salary Overview
The average Purchasing Managers in New Jersey earns+21.5%above the national average.
$89.1
$3,565
$15,449
Purchasing Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Purchasing Managers in New Jersey have experienced consistent growth over the past four years. This trend is typically driven by inflation, increasing complexity in supply chain management, and the continuous need for strategic sourcing and cost optimization within businesses operating in a competitive economic landscape.
Purchasing Managers Salary Distribution in New Jersey
Career progression for Purchasing Managers in New Jersey is clearly reflected in salary potential. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience in negotiation, strategic sourcing, and supply chain optimization can command salaries at the higher percentiles, often exceeding $200,000 annually. The widening gap between entry-level and senior roles signifies substantial earning potential as expertise and responsibility grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $122,270 | $58.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $139,043 | $66.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $173,130 | $83.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $231,738 | $111.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $278,085 | $133.7 |
Detailed Purchasing Managers Market Analysis
Relocation Context
Nominal Salary
$185,390
Gross Pay
Real Wage (Purchasing Power)
$164,938
Adjusted for COL (112.4)
While the nominal salary of $185,390 is substantial, it's important to consider New Jersey's Cost of Living Index of 112.4. This indicates that the cost of goods and services is approximately 12.4% higher than the national average. Therefore, while the purchasing power is strong, the higher cost of living moderates the exceptional salary, making it comfortably above average but requiring careful budgeting.
Job Market Context
2,830
Total Jobs
0.665
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, New Jersey has a slightly higher-than-average concentration of Purchasing Managers roles compared to the national norm.
The Location Quotient of 1.26 for Purchasing Managers in New Jersey signifies a market where these professionals are more concentrated than the national average. This suggests a competitive environment with a good number of opportunities, indicating that employers actively seek out and value procurement talent within the state, potentially leading to more specialized roles and higher demand.
Nearby Job Markets
Nearby Cities for Purchasing Managers
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Purchasing Managers Salary | $184,240↓ 1% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Purchasing Managers Salary | $193,270↑ 4% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Purchasing Managers Salary | $157,400↓ 15% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Purchasing Managers Salary | $144,380↓ 22% | 54 mi |
Comparing salaries near New Jersey
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Frequently Asked Questions
How much does a Purchasing Managers make in New Jersey?
The median annual salary for a Purchasing Managers in New Jersey is $185,390. This typically ranges from $122,270 for entry-level positions to $278,085 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 21.5% higher than the national median of $152,540.
Is New Jersey a lucrative place for Purchasing Managers?
Yes, New Jersey is a highly lucrative state for Purchasing Managers.The average salary significantly exceeds the national average, and the higher concentration of these roles indicates strong market demand and competitive compensation.
Is New Jersey a good place to live for Purchasing Managers?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($184,240) and New York-Newark-Jersey City, NY-NJ.
How does the New Jersey salary compare to the national average?
Purchasing Managers in New Jersey earn an average of $185,390 annually, which is considerably higher than the national average of $152,540.
What is the concentration of Purchasing Managers in New Jersey?
New Jersey has a Location Quotient of 1.26 for Purchasing Managers, meaning the profession is 26% more concentrated there than the national average, indicating higher demand.
How does the cost of living in New Jersey affect the salary?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. While the high salary offers good purchasing power, the increased cost of living should be factored into financial planning.
What is the total number of Purchasing Managers in New Jersey?
There are approximately 2,830 Purchasing Managers employed in New Jersey, reflecting a significant presence of this profession within the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,830 employees in the New Jersey area with a job density of 0.665 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 New Jersey