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Average Purchasing Managers Salary in Richmond, VA

Purchasing Managers in Richmond, VA, earn an impressive average annual salary of $150,870. This figure is slightly below the national average of $152,540, but local economic factors and industry demand in the Richmond area contribute to this competitive compensation. The specific needs of businesses operating within Virginia's capital create a unique market for procurement professionals.

Executive Summary

  • Average Salary: $150,870 per year.
  • Growth Trend: Salaries have shifted 25.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $209,990.
  • Outlook: Richmond, VA, presents a robust job market for Purchasing Managers, evidenced by a total local workforce of 520 professionals. The Location Quotient of 1.52 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong and sustained demand for skilled procurement talent within the region.
2024 Market Data

Salary Overview

$150,870

The average Purchasing Managers in Richmond, VA earns-1.1%below the national average.

BreakdownBased on 40h/week
Hourly

$72.5

Weekly

$2,901

Monthly

$12,573

Purchasing Managers Salary Distribution in Richmond, VA

Salary progression for Purchasing Managers in Richmond, VA, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and strategic oversight can reach significantly higher compensation levels. The widening gap between entry-level and senior-level salaries reflects the increasing value and responsibility associated with advanced expertise in procurement.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$93,340$44.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$113,153$54.4
ManagerOversees team, compliance, and project delivery.50% (Median)$144,520$69.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$188,588$90.7
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$209,990$101

Detailed Purchasing Managers Market Analysis

Relocation Context

Nominal Salary

$150,870

Gross Pay

Real Wage (Purchasing Power)

$150,870

Adjusted for COL (100)

The average annual salary of $150,870 in Richmond, VA, is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of a Purchasing Manager's salary in Richmond is equivalent to the national average, allowing for a comfortable lifestyle without the added financial strain of a higher cost of living.

Job Market Context

520

Total Jobs

0.8

Per 1K Jobs

1.52

Location Quotient

Major Hub

Richmond, VA has 1.5x 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.

With a Location Quotient of 1.52, Richmond, VA, demonstrates a market that is 52% more concentrated with Purchasing Managers than the national average. This indicates a strong presence and potentially high demand for these professionals, suggesting that while there are many opportunities, the competition might also be more focused within this specialized regional market.

Nearby Job Markets

Nearby Cities for Purchasing Managers

CitySalaryDist.
Northern West Virginia nonmetropolitan area Purchasing Managers Salary$138,050↓ 8%41 mi
Southwest Virginia nonmetropolitan area Purchasing Managers Salary$132,230↓ 12%41 mi

Comparing salaries near Richmond, VA

Hiring Purchasing Managerss?

Frequently Asked Questions

How much does a Purchasing Managers make in Richmond, VA?

The median annual salary for a Purchasing Managers in Richmond, VA is $150,870. This typically ranges from $93,340 for entry-level positions to $209,990 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Richmond, VA is 1.1% lower than the national median of $152,540.

Is Richmond, VA a lucrative place for Purchasing Managers?

Yes, Richmond, VA offers a lucrative environment for Purchasing Managers.The average salary of $150,870 is highly competitive, and with a Cost of Living Index at the national average, the real value of this salary is significant.

Is Richmond, VA a good place to live for Purchasing Managers?

The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Richmond, VA?

Some top paying nearby cities include Northern West Virginia nonmetropolitan area ($138,050) and Southwest Virginia nonmetropolitan area.

How does Richmond's Purchasing Manager salary compare to the national average?

The average salary in Richmond, VA, is $150,870, which is slightly below the national average of $152,540.

What is the concentration of Purchasing Managers in Richmond, VA?

Richmond, VA has a Location Quotient of 1.52, meaning there is a 52% higher concentration of Purchasing Managers compared to the national average.

How does the cost of living in Richmond affect salary perception?

Richmond's Cost of Living Index is 100, matching the national average. This means the $150,870 salary has the same purchasing power as the national average salary.

What does the local workforce size suggest about job availability?

A local workforce of 520 Purchasing Managers indicates a substantial presence and likely consistent demand for these roles within the Richmond area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 520 employees in the Richmond, VA area with a job density of 0.8 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Purchasing Managers • Data source: BLS OEWS 2024 •Jobs in Richmond, VA