How much money does a person working in Purchasing and Inventory make in Minnesota?
6,894 USD per month
Average Monthly Salary
A person working in Purchasing and Inventory in Minnesota typically earns around 6,894 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
|Asset Management Associate||5,768 USD|
|Asset Protection Associate||5,790 USD|
|Asset Protection Specialist||6,695 USD|
|Assistant Buyer||5,328 USD|
|Capacity Planner||7,179 USD|
|Category Manager||7,053 USD|
|Channel Services Representative||6,309 USD|
|Contracts Manager||7,477 USD|
|Contracts Specialist||6,848 USD|
|Demand Planner||5,865 USD|
|Demand Planning Manager||7,468 USD|
|Distribution Assistant||5,570 USD|
|Distribution Manager||9,270 USD|
|Inventory Control Clerk||4,589 USD|
|Inventory Control Manager||7,318 USD|
|Inventory Management Associate||6,479 USD|
|Inventory Specialist||6,327 USD|
|Logistics Engineer||5,468 USD|
|Master Planner||6,012 USD|
|Material Handler||4,378 USD|
|Material Planning Specialist||5,183 USD|
|Merchandise Manager||6,982 USD|
|Procurement Administrator||7,514 USD|
|Procurement Agent||6,813 USD|
|Procurement Analyst||7,354 USD|
|Procurement Clerk||5,393 USD|
|Procurement Engineer||5,768 USD|
|Production Planner||5,747 USD|
|Project Buyer||5,948 USD|
|Purchasing Assistant||4,944 USD|
|Purchasing Manager||9,824 USD|
|Purchasing Supervisor||7,629 USD|
|Shipping and Receiving Clerk||4,496 USD|
|Shipping Coordinator||5,662 USD|
|Stock Clerk||4,553 USD|
|Stock Regulator||5,267 USD|
|Storage Manager||7,477 USD|
|Store Keeper||5,535 USD|
|Stores and Logistics Coordinator||6,225 USD|
|Supply Chain Analyst||7,477 USD|
|Supply Chain Coordinator||6,719 USD|
|Supply Chain Development Manager||8,496 USD|
|Supply Chain Manager||10,344 USD|
|Supply Planner||6,248 USD|
|Warehouse Assistant||3,801 USD|
|Warehouse Clerk||3,928 USD|
|Warehouse Executive||8,229 USD|
|Warehouse Lead||7,692 USD|
|Warehouse Manager||8,244 USD|
|Warehouse Supervisor||7,477 USD|
|Wholesale Buyer||6,161 USD|
Purchasing and Inventory Jobs Salary Distribution in Minnesota
Abount These Figures: Salary Range, Median and Percentiles
The Purchasing and Inventory salaries in Minnesota range between 3,838 USD per month (minimum salary) to 11,248 USD per month (maximum salary).
The median salary is 7,170 USD per month, which means that half (50%) of people working in Purchasing and Inventory are earning less than 7,170 USD while the other half are earning more than 7,170 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 4,954 USD while 75% of them are earning more than 4,954 USD. Also from the diagram, 75% of people working in Purchasing and Inventory are earning less than 9,946 USD while 25% are earning more than 9,946 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 Minnesota
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|| +4% |
|Average Salary 2018|| +4% |
|Average Salary 2019|| +4% |
Percentage increase and decrease are relative to the previous value
Purchasing and Inventory salaries in Minnesota are rising in the year 2019 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% 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 Minnesota
40 USD per hour
Average Hourly Wage
The average hourly wage (pay per hour) in Minnesota for Purchasing and Inventory is 40 USD. This means that the average person in Minnesota earns approximatly 40 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.
Purchasing and Inventory VS Other Jobs
We compared Minnesota salaries for Purchasing and Inventory and All Jobs and we found that Purchasing and Inventory salaries are 5% less than those of All Jobs.
Minnesota VS United States
We compared Purchasing and Inventory salaries in Minnesota and United States and we found that Minnesota salaries are 9% more than those of United States.
Salary Comparison By City
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