Purchasing Analyst Salary

Average Purchasing Analyst Base Salary in the United States

Average Base Salary

$48,485 Per Year

Salary Range: $31,647 to $69,818

Purchasing Analyst Salary

$31,647

10%

$39,355

25% 

$ 48,485

AVERAGE

$60,280

75%  

$69,818

90%  

How Much Does a Purchasing Analyst Make Per Year in the United States?

The national average salary for a  Purchasing Analyst is $48,485 per year in the United States. It can vary depending on the employer and the skills required for that position, but generally, it will be about $48,485 or more annually for a gross salary. Taxes impact salaries, so to get the net salary we’ve crunched the data and gotten the tax information on what the take-home pay would be after the effective income tax rates. 

Technology Used

Microsoft Excel – Spreadsheet software

Microsoft PowerPoint – Presentation software

SAP business and customer relations management software – Enterprise resource planning ERP software

Microsoft SharePoint – Cloud-based data access and sharing software

Oracle software – Data base user interface and query software

Intuit QuickBooks – Accounting software

Word processing software – Word processing software

Web browser software – Internet browser software

Knowledge and Expertise

Administrative

Customer and Personal Service

Administration and Management

Mathematics

Education and Training

Transportation

Soft Skills

Reading Comprehension

Speaking

Active Listening

Writing

Critical Thinking

Complex Problem Solving

What is the salary range of a Purchasing Analyst?

Purchasing Analyst salaries vary depending on the company you work for, your experience level, industry, education, and years of experience. The average annual salary is around $48,485 but a Purchasing Analyst can earn a base salary anywhere from $31,647 to $69,818 per year with some companies paying more than others.

Pay ranges on average for a Purchasing Analyst job title only vary a good amount, which may mean that there are many opportunities to earn more income in the future regardless of the employers or your location, industry, and experience.

A salary range that varies also means there is ability to move up within the company, as there may be as many opportunities for advancement or to change your job title. This opportunity for  advancement can help with can increase their job satisfaction and motivation.

What are the Highest Salaries for a Purchasing Analyst?

The highest Purchasing Analyst salaries in the top 10% earn more than $69,818 per year. The salary range for the top 75% – 90% is between and $60,280 and $69,818 annually.

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What are the Lowest Salaries for a Purchasing Analyst?

The lowest Purchasing Analyst salaries are in the bottom 10% of earners who make less than $31,647 per year. The salary range for the lowest 10% – 25% is between $31,647 and $39,355 annually.   

This salary data and salary estimates come from our Average Pay’s salary database of carefully collected and detailed information about pay across many industries and categories, along with different types of labor data.

What is a Good Salary for a Purchasing Analyst?

If we only look at the data for Purchasing Analyst salaries and we don’t compare it to any other jobs, a good salary for a Purchasing Analyst job would be over $48,485 per year. This is the average salary for this position in the United States. An excellent pay for a Purchasing Analyst would be anything over the top 75%, which is $60,280 annually.

How Can I Increase My Salary as a Purchasing Analyst?

There are a few ways you can increase your average salary for a profession as a Purchasing Analyst. One way is to get promoted to a higher level and take on more duties within your employer. Another way is to gain more experience and skills in your career. You can also try negotiating higher compensation next performance review, when you are up for renewal or starting a new contract with a business.

Finally, you can look for a new job at a different employer that pays more. One thing not to overlook is companies often give their employees incentives and benefits outside of salaries. The total compensation, like healthcare, paid vacation days, 401k matches, bonuses, overtime, professional development, a career path in the company, and other benefits, need to be considered, which can add up to a lot more money than just a salary increase.

What are the Top Paying Industries for a Purchasing Analyst?

The top paying industries for a Purchasing Analyst job vary depending on the position’s specific responsibilities, employers, and qualifications. However, some common reported high-paying industries for include the following:

  • Professional, Scientific, and Technical Services
  • Management of Companies and Enterprises
  • Federal Government
  • Manufacturing
  • Wholesale Trade
  • Finance and Insurance

Does a Purchasing Analyst Have a Good Quality of Life?

Based on an average 2-bedroom apartment rental price, a Purchasing Analyst would pay 15.63% of their monthly take-home pay towards rent. That’s $1,310 per month or $15,720 yearly for a two-bedroom apartment.

The rent is less than 30% of the monthly take-home pay for an Purchasing Analyst, which can helps lessen a financial burden and impact their quality of life.

This is because a high rent-to-income ratio would leave less money each month for other expenses, such as food, transportation, recreation, and activities. It can lead to financial stress, impacting overall job satisfaction and motivation.

Considering the cost of living in a city when considering whether to accept a job offer is essential. If the cost of living is too high, it might not be worth it, even if the salary is good.

Does a Purchasing Analyst make good money?

 In general, a Purchasing Analyst can make a decent salary but is a little lower than average. The national average salary is $52,632 annually which is more than the average Purchasing Analyst salary, meaning this might not be a livable wage. According to data and labor statistics from the Bureau of Labor Statistics, the average Purchasing Analyst pay is below the median salary.

However, salaries can vary depending on the company you work for, what you are responsible for, education, college degree, work experience, job market, and your experience level. The highest-paid can earn upwards of 69,818 per year, while the lowest-paid income is less than 31,647 annually.

If you want to maximize your earnings as a Purchasing Analyst, take on more responsibility, and gain more experience in related skills. Also, build interpersonal skills and strong leadership skills, get a certification in your field and then negotiate for a higher salary next performance review, when you are up for renewal or starting a new contract with a business.

The best thing you can do is develop yourself and gain knowledge. Many courses, additional training, and professional development opportunities in your area can help increase your skills and development in your job or related field.

You can also get your resume reviewed and look for a new employer that will hire and pay more or look for a career change that is hiring and may interest you more.

Salaries are also relative to the cost of living in different parts of the country. For example, the compensation for a Purchasing Analyst will need to be higher if it is in or closer to larger cities like New York City or some states like California. The increase in pay in these areas is because of the higher than average cost of living and more interested applicants for employment versus someone living in a small town. With the cost of housing increasing and medical care premium costs, it is essential to ensure you are getting paid what you are worth.

How do I know I’m being paid fairly as a Purchasing Analyst?

The easiest way is to see how close your current salary is to the average pay for your position in your state and city. If your income is below the estimated average wage in your area, you can try to negotiate for a raise.

You can use our research and tools to discover the average salary for a Purchasing Analyst in your city or region to see if you are being compensated fairly. You may also compare your income to similar jobs and careers to determine whether you are underpaid or overpaid. Lastly, you can set up job alerts to see how the job market trends.

A few other ways you can research whether you’re being paid fairly as a Purchasing Analyst is to do a job search to look at job postings for similar positions and see the estimate for the listed salary range. You can also talk to people in your network who have similar jobs and ask them what they earn. Finally, you can try negotiating a higher pay when you are up for renewal, having a performance evaluation, or starting a new contract.

What Factors Determine the Salary of a Purchasing Analyst?

The money a Purchasing Analyst can make each year greatly depends on a few components that determine an average base salary.

The company you work for is one of the main factors that affect how much a Purchasing Analyst earns.

The compensation will also depend on the location, as some states and cities have a higher cost of living than others. Other factors that affect compensation are the number of hours worked, company size, job type, level of experience in your career, and location.