Average Purchasing Managers Salary in Palm Bay-Melbourne-Titusville, FL
Purchasing Managers in the Palm Bay-Melbourne-Titusville, FL area command an impressive average annual salary of $152,710. This figure slightly surpasses the national average of $152,540, indicating a robust demand and potentially higher operational costs or specialized industry needs within this Florida region that contribute to competitive compensation.
Executive Summary
- Average Salary: $152,710 per year.
- Growth Trend: Salaries have shifted 22.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $218,290.
- Outlook: The local job market for Purchasing Managers in Palm Bay-Melbourne-Titusville, FL, shows a healthy concentration, evidenced by a Location Quotient of 1.6, significantly above the national benchmark. While the total local workforce of 200 suggests a niche market, the elevated LQ points to a demand that outpaces the national average relative to the size of the local economy, signaling a stable and potentially growing job outlook for professionals in this role.
Salary Overview
The average Purchasing Managers in Palm Bay-Melbourne-Titusville, FL earns+0.1%above the national average.
$73.4
$2,937
$12,726
Purchasing Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Purchasing Manager salaries in Palm Bay-Melbourne-Titusville, FL, have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increased complexity in supply chain management, and the demand for skilled professionals likely contribute to a positive trajectory in compensation for these critical roles.
Purchasing Managers Salary Distribution in Palm Bay-Melbourne-Titusville, FL
The salary spectrum for Purchasing Managers in Palm Bay-Melbourne-Titusville, FL, naturally widens with experience. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive expertise in procurement, negotiation, and supply chain strategy can command salaries in the upper percentiles. These percentile gaps are a clear indicator of career progression and the value placed on accumulated knowledge and leadership capabilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $87,870 | $42.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $114,533 | $55.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $147,620 | $71 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $190,888 | $91.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $218,290 | $104.9 |
Detailed Purchasing Managers Market Analysis
Relocation Context
Nominal Salary
$152,710
Gross Pay
Real Wage (Purchasing Power)
$152,710
Adjusted for COL (100)
With an average annual salary of $152,710 and a Cost of Living Index precisely at the national average of 100, Purchasing Managers in Palm Bay-Melbourne-Titusville, FL, can expect their nominal earnings to translate directly to purchasing power. This alignment means that the compensation received is highly competitive relative to the general cost of goods and services, making the area financially attractive for professionals in this field.
Job Market Context
200
Total Jobs
0.84
Per 1K Jobs
1.6
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 1.6x the national concentration of Purchasing Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.6 for Purchasing Managers in Palm Bay-Melbourne-Titusville, FL, signifies a market where this profession is 60% more concentrated than the national average. This suggests a strong presence of industries requiring significant procurement expertise, leading to a competitive environment for both employers seeking talent and professionals seeking opportunities. The abundance of roles relative to the national average indicates a favorable market for skilled Purchasing Managers.
Nearby Job Markets
Nearby Cities for Purchasing Managers
| City | Salary | Dist. |
|---|---|---|
| Port St. Lucie, FL Purchasing Managers Salary | $117,000↓ 23% | 50 mi |
| Orlando-Kissimmee-Sanford, FL Purchasing Managers Salary | $134,390↓ 12% | 59 mi |
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
Hiring Purchasing Managerss?
Frequently Asked Questions
How much does a Purchasing Managers make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Purchasing Managers in Palm Bay-Melbourne-Titusville, FL is $152,710. This typically ranges from $87,870 for entry-level positions to $218,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 0.1% higher than the national median of $152,540.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Purchasing Managerss?
Yes, it is a highly lucrative location for Purchasing Managers.The average salary of $152,710 significantly exceeds the national average, and the cost of living remains at the national benchmark, offering excellent purchasing power.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Purchasing Managers?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Port St. Lucie, FL ($117,000) and Orlando-Kissimmee-Sanford, FL.
How does the local job market compare to the national average for Purchasing Managers?
The local job market in Palm Bay-Melbourne-Titusville, FL, is more concentrated than the national average, with a Location Quotient of 1.6, indicating a higher demand for Purchasing Managers relative to the general workforce.
What is the significance of the Jobs per 1,000 Workers metric?
The 0.84 jobs per 1,000 workers metric suggests that for every thousand individuals employed in the Palm Bay-Melbourne-Titusville area, there are approximately 0.84 Purchasing Manager positions, providing a granular view of job availability.
Does the cost of living impact the purchasing power of a Purchasing Manager's salary in this area?
No, the cost of living index is 100, which is the national average. This means the $152,710 salary has a purchasing power equivalent to the national average, making it a fair reflection of the local economic conditions.
How many Purchasing Managers are employed in the Palm Bay-Melbourne-Titusville area?
There are approximately 200 Purchasing Managers employed within the Palm Bay-Melbourne-Titusville, FL metropolitan area, representing a focused segment of the local professional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 0.84 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 Palm Bay-Melbourne-Titusville, FL