How much money does a person working in Purchasing and Inventory make in Tennessee?
4,333 USD per month
Average Monthly Salary
A person working in Purchasing and Inventory in Tennessee typically earns around 4,333 USD per month.
This is the average monthly salary including housing, transport, and other benefits.
Salaries differ drasticly between different Purchasing and Inventory jobs. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
|Purchasing Manager||3,333 USD|
|Senior Buyer||4,333 USD|
Purchasing and Inventory Jobs Salary Distribution in Tennessee
25% of people earn
50% of people earn
75% of people earn
Abount These Figures: Salary Range, Median and Percentiles
The Purchasing and Inventory salaries in Tennessee range between 3,333 USD per month (minimum salary) to 5,000 USD per month (maximum salary).
The median salary is 4,500 USD per month, which means that half (50%) of people working in Purchasing and Inventory are earning less than 4,500 USD while the other half are earning more than 4,500 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Purchasing and Inventory are earning less than 3,833 USD while 75% of them are earning more than 3,833 USD. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 4,833 USD while 25% are earning more than 4,833 USD.
What is the difference between the median and the average salary? What should you be looking at?
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plently of room for improvement. If your wage is in between the average and median, then things can be a bit confusing. We have written a guide to explain all the different senarios. How to compare your salary
Purchasing and Inventory Salary Forecast and Trend in Tennessee
How do Purchasing and Inventory salaries change over time? Listed below is a chart that shows the average salary in recent years.
|Average Salary 2016|| = |
|Average Salary 2017|| +3% |
|Average Salary 2018|| +3% |
|Average Salary 2019|| +3% |
Percentage increase and decrease are relative to the previous value
Purchasing and Inventory salaries in Tennessee are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continous increase in pay in 2020 and future years. These numbers differ slightly from industry to another.
Purchasing and Inventory Hourly Average Wage in Tennessee
22 USD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Tennessee for Purchasing and Inventory is 22 USD. This means that the average person in Tennessee earns approximatly 22 USD for every worked hour.
Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )
The hourly wage is the salary paid in one working hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and annual vacation allowance. The figures mentioned above are good approximation and they are considered to the be the standard.
Salary Comparison of Purchasing and Inventory Jobs in Tennessee
Purchasing and Inventory
We compared Tennessee salaries for Purchasing and Inventory and All Jobs and we found that Purchasing and Inventory salaries are 26% less than those of All Jobs.
Salary Comparison for Purchasing and Inventory Jobs in United States
We compared Purchasing and Inventory salaries in Tennessee and United States and we found that Tennessee salaries are 9% less than those of United States.
Salary Comparison By City