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Buyer Average Salary in United States 2020

How much money does a Buyer make in United States?


Average Yearly Salary
127,000 USD
( 10,600 USD monthly)

LOW
59,600
USD
AVERAGE
127,000
USD
HIGH
200,000
USD

A person working as a Buyer in United States typically earns around 127,000 USD per year. Salaries range from 59,600 USD (lowest) to 200,000 USD (highest).

This is the average yearly salary including housing, transport, and other benefits. Buyer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Buyer Salary Distribution in United States

Median and salary distribution yearly United States Buyer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Buyer salaries in United States range from 59,600 USD per year (minimum salary) to 200,000 USD per year (maximum salary).

  • Median Salary

    The median salary is 134,000 USD per year, which means that half (50%) of people working as Buyer(s) are earning less than 134,000 USD while the other half are earning more than 134,000 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Buyer(s) are earning less than 87,300 USD while 75% of them are earning more than 87,300 USD. Also from the diagram, 75% of Buyer(s) are earning less than 177,000 USD while 25% are earning more than 177,000 USD.


What is the difference between the median and the average salary?

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 plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Buyer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience yearly United States Buyer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Buyer salaries by experience level and this is what we found.

A Buyer with less than two years of experience makes approximately 68,700 USD per year.

While someone with an experience level between two and five years is expected to earn 94,700 USD per year, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 135,000 USD per year, 42% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Buyer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 164,000 USD per year, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 174,000 USD per year, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 189,000 USD per year, 9% more than people with fifteen to twenty years of experience.


Buyer average salary change by experience in United States

0 - 2 Years
68,700 USD
2 - 5 Years+38%
94,700 USD
5 - 10 Years+42%
135,000 USD
10 - 15 Years+22%
164,000 USD
15 - 20 Years+6%
174,000 USD
20+ Years+9%
189,000 USD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Buyer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Buyer(s) who have the same experience but different education levels.

Salary comparison by education level yearly United States Buyer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Buyer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Buyer is 84,900 USD per year.

While someone with a Certificate or Diploma gets a salary of 99,000 USD per year, 17% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 144,000 USD per year, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 189,000 USD per year, 31% more than someone with Bachelor's Degree.


Buyer average salary difference by education level in United States

High School
84,900 USD
Certificate or Diploma+17%
99,000 USD
Bachelor's Degree+45%
144,000 USD
Master's Degree+31%
189,000 USD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,500 US Dollar(s) to 118,000 US Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Buyer Salary Comparison By Gender

Salary comparison by gender yearly United States Buyer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Buyer employees in United States earn 6% more than their female counterparts on average.

Female
123,000 USD
Male+6%
131,000 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
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Buyer Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States for Buyer(s)? How often do employees get salary raises?

Buyer

Buyer(s) in United States are likely to observe a salary increase of approximately 10% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Buyer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in United States for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Buyer Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Buyer
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A Buyer is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

40% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
60%
No Bonus
40%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries yearly United States
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Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
92,500 USD
Public Sector+5%
97,200 USD
Percentage increase and decrease are relative to the previous value

Buyer Average Hourly Wage in United States


61 USD per hour

The average hourly wage (pay per hour) in United States is 61 USD. This means that the average Buyer in United States earns approximately 61 USD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked 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 the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Buyer VS Other Jobs

Salary Comparison Between Buyer and Purchasing and Inventory yearly United States
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The average salary for Buyer is 35% more than that of Purchasing and Inventory. Also, Purchasing and Inventory salaries are 1% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Asset Management Associate85,800 USD-32%
Asset Protection Associate80,900 USD-36%
Asset Protection Specialist88,100 USD-30%
Assistant Buyer76,900 USD-39%
Buyer127,000 USD+0%
Capacity Planner94,300 USD-26%
Category Manager98,000 USD-23%
Channel Services Representative90,300 USD-29%
Contracts Manager105,000 USD-17%
Contracts Specialist89,500 USD-29%
Demand Planner96,100 USD-24%
Demand Planning Manager115,000 USD-9%
Distribution Assistant77,000 USD-39%
Distribution Manager160,000 USD+26%
Inventory Control Clerk45,100 USD-64%
Inventory Control Manager118,000 USD-7%
Inventory Management Associate86,800 USD-32%
Inventory Specialist82,700 USD-35%
Logistics Engineer75,100 USD-41%
Master Planner83,900 USD-34%
Material Handler52,600 USD-59%
Material Planning Specialist76,400 USD-40%
Merchandise Manager104,000 USD-18%
Procurement Administrator97,700 USD-23%
Procurement Agent63,100 USD-50%
Procurement Analyst106,000 USD-16%
Procurement Clerk42,600 USD-66%
Procurement Engineer80,700 USD-36%
Production Planner96,200 USD-24%
Project Buyer104,000 USD-18%
Purchaser132,000 USD+4%
Purchasing Assistant45,200 USD-64%
Purchasing Manager165,000 USD+30%
Purchasing Supervisor117,000 USD-8%
Shipping and Receiving Clerk42,700 USD-66%
Shipping Coordinator78,500 USD-38%
Stock Clerk44,000 USD-65%
Stock Regulator50,900 USD-60%
Storage Manager113,000 USD-11%
Store Keeper44,900 USD-65%
Stores and Logistics Coordinator87,300 USD-31%
Supply Chain Analyst125,000 USD-1%
Supply Chain Coordinator87,400 USD-31%
Supply Chain Development Manager153,000 USD+21%
Supply Chain Manager167,000 USD+32%
Supply Planner81,400 USD-36%
Warehouse Assistant34,100 USD-73%
Warehouse Clerk37,400 USD-70%
Warehouse Executive146,000 USD+15%
Warehouse Lead93,800 USD-26%
Warehouse Manager150,000 USD+18%
Warehouse Supervisor102,000 USD-20%
Wholesale Buyer125,000 USD-1%

Salary Comparison By City

CityAverage Salary
Atlanta127,000 USD
Austin146,000 USD
Baltimore129,000 USD
Boston138,000 USD
Bristol107,000 USD
Chicago148,000 USD
Cincinnati113,000 USD
Cleveland114,000 USD
Dallas144,000 USD
Denver133,000 USD
Detroit126,000 USD
Honolulu107,000 USD
Houston156,000 USD
Indianapolis137,000 USD
Iowa City106,000 USD
Jacksonville143,000 USD
Kansas City119,000 USD
Kent104,000 USD
Las Vegas129,000 USD
Long Beach124,000 USD
Los Angeles158,000 USD
Memphis136,000 USD
Miami126,000 USD
Minneapolis115,000 USD
New Orleans121,000 USD
New York154,000 USD
Oakland125,000 USD
Oklahoma City126,000 USD
Orlando114,000 USD
Philadelphia151,000 USD
Phoenix157,000 USD
Sacramento123,000 USD
San Antonio142,000 USD
San Diego140,000 USD
San Francisco142,000 USD
San Jose142,000 USD
Seattle135,000 USD
Tampa111,000 USD
Vancouver106,000 USD
Washington D.C.132,000 USD

Salary Comparison By State

StateAverage Salary
Alabama133,000 USD
Alaska120,000 USD
Arizona133,000 USD
Arkansas127,000 USD
California150,000 USD
Colorado126,000 USD
Connecticut127,000 USD
Delaware121,000 USD
District of Columbia111,000 USD
Florida143,000 USD
Georgia145,000 USD
Hawaii127,000 USD
Idaho119,000 USD
Illinois145,000 USD
Indiana143,000 USD
Iowa124,000 USD
Kansas128,000 USD
Kentucky136,000 USD
Louisiana127,000 USD
Maine121,000 USD
Maryland141,000 USD
Massachusetts131,000 USD
Michigan141,000 USD
Minnesota137,000 USD
Mississippi121,000 USD
Missouri134,000 USD
Montana122,000 USD
Nebraska118,000 USD
Nevada124,000 USD
New Hampshire123,000 USD
New Jersey134,000 USD
New Mexico123,000 USD
New York148,000 USD
North Carolina134,000 USD
North Dakota113,000 USD
Ohio145,000 USD
Oklahoma136,000 USD
Oregon127,000 USD
Pennsylvania145,000 USD
Rhode Island123,000 USD
South Carolina129,000 USD
South Dakota119,000 USD
Tennessee143,000 USD
Texas142,000 USD
Utah125,000 USD
Vermont119,000 USD
Virginia135,000 USD
Washington138,000 USD
West Virginia127,000 USD
Wisconsin130,000 USD
Wyoming113,000 USD
51919 - 36

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