Average Purchasing Managers Salary in Peoria, IL
Purchasing Managers in Peoria, IL, command an impressive average annual salary of $153,990, slightly surpassing the national average of $152,540. This elevated compensation in Peoria is likely driven by the specialized nature of procurement roles within the region's industrial and manufacturing sectors, requiring a skilled workforce to manage complex supply chains and negotiate favorable terms.
Executive Summary
- Average Salary: $153,990 per year.
- Growth Trend: Salaries have shifted 13.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $234,540.
- Outlook: The Purchasing Manager job market in Peoria, IL, appears robust, supported by a local workforce of 200 professionals in this role. The Location Quotient of 2.28 indicates a significantly higher concentration of Purchasing Managers in Peoria compared to the national average, suggesting strong and consistent demand for these specialized skills within the local economy.
Salary Overview
The average Purchasing Managers in Peoria, IL earns+1.0%above the national average.
$74
$2,961
$12,833
Purchasing Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Purchasing Manager salaries in Peoria have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing supply chain complexity, and the demand for experienced professionals likely contribute to an upward trajectory in compensation for these vital roles.
Purchasing Managers Salary Distribution in Peoria, IL
Salary progression for Purchasing Managers in Peoria, IL, is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior Purchasing Managers with extensive experience in strategic sourcing, vendor management, and supply chain optimization can command salaries significantly above the average. The percentile gaps in earnings clearly signify the career progression and increased responsibilities associated with advancing in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $96,440 | $46.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $115,493 | $55.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $146,860 | $70.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $192,488 | $92.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $234,540 | $112.8 |
Detailed Purchasing Managers Market Analysis
Relocation Context
Nominal Salary
$153,990
Gross Pay
Real Wage (Purchasing Power)
$153,990
Adjusted for COL (100)
With an average annual salary of $153,990 and a Cost of Living Index of 100 (exactly matching the national average), Purchasing Managers in Peoria, IL, enjoy a strong purchasing power. This means that the nominal salary translates directly to the national average cost of living, offering a stable financial footing for professionals in this role within the city.
Job Market Context
200
Total Jobs
1.203
Per 1K Jobs
2.28
Location Quotient
Peoria, IL has 2.3x 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 2.28 for Purchasing Managers in Peoria, IL, signifies a market where these professionals are more than twice as concentrated as the national average. This indicates a highly specialized and potentially competitive job market, where employers actively seek out and value experienced individuals with procurement expertise, suggesting a strong demand relative to the national landscape.
Nearby Job Markets
Nearby Cities for Purchasing Managers
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Purchasing Managers Salary | $133,650↓ 13% | 43 mi |
| East Central Illinois nonmetropolitan area Purchasing Managers Salary | $139,160↓ 10% | 43 mi |
| Northwest Illinois nonmetropolitan area Purchasing Managers Salary | $124,740↓ 19% | 43 mi |
| South Illinois nonmetropolitan area Purchasing Managers Salary | $126,560↓ 18% | 43 mi |
Comparing salaries near Peoria, IL
Hiring Purchasing Managerss?
Frequently Asked Questions
How much does a Purchasing Managers make in Peoria, IL?
The median annual salary for a Purchasing Managers in Peoria, IL is $153,990. This typically ranges from $96,440 for entry-level positions to $234,540 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 1.0% higher than the national median of $152,540.
Is Peoria, IL a lucrative place for Purchasing Managers?
Yes, Peoria, IL is a lucrative place for Purchasing Managers.Purchasing Managers in Peoria earn slightly above the national average salary, and with a cost of living index matching the national average, their purchasing power is strong.
Is Peoria, IL a good place to live for Purchasing Managers?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($133,650) and East Central Illinois nonmetropolitan area.
How does the Peoria Purchasing Manager salary compare to the national average?
The average annual salary for Purchasing Managers in Peoria, IL is $153,990, which is slightly higher than the national average of $152,540.
What does a Location Quotient of 2.28 mean for Purchasing Managers in Peoria?
A Location Quotient of 2.28 indicates that Purchasing Managers are more than twice as concentrated in Peoria, IL, compared to the national average, suggesting a strong local demand for these professionals.
How does the cost of living in Peoria affect the Purchasing Manager salary?
Peoria's Cost of Living Index is 100, which is the national average. This means the $153,990 salary offers purchasing power equivalent to the national average, making it a financially stable location.
What is the total number of Purchasing Managers in Peoria, IL?
There are approximately 200 Purchasing Managers employed in Peoria, IL, contributing to the specialized workforce in the region.
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 Peoria, IL area with a job density of 1.203 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 Peoria, IL