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Average Project Management Specialists Salary in Albany-Schenectady-Troy, NY

Project Management Specialists in the Albany-Schenectady-Troy, NY area earn an impressive average annual salary of $110,500. This figure slightly surpasses the national average of $108,900, indicating a robust demand and potentially higher value placed on these roles within the region. Local economic factors and industry concentrations likely contribute to this favorable compensation.

Executive Summary

  • Average Salary: $110,500 per year.
  • Growth Trend: Salaries have shifted 6.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $165,080.
  • Outlook: The Albany-Schenectady-Troy region demonstrates a healthy job market for Project Management Specialists, with a total local workforce of 3,190 individuals in this field. The Location Quotient of 1.1 suggests a slightly higher concentration of these professionals compared to the national average, pointing towards sustained demand and a stable job environment for those in project management roles.
2024 Market Data

Salary Overview

$110,500

The average Project Management Specialists in Albany-Schenectady-Troy, NY earns+1.5%above the national average.

BreakdownBased on 40h/week
Hourly

$53.1

Weekly

$2,125

Monthly

$9,208

Project Management Specialists Salary Distribution in Albany-Schenectady-Troy, NY

Salary progression for Project Management Specialists in Albany-Schenectady-Troy is significantly influenced by experience. Entry-level positions typically command lower salaries, while senior specialists with extensive track records and proven success in managing complex projects can expect compensation well above the average. The percentile gaps in salary distribution reflect this clear career trajectory and the increasing value placed on seasoned project leaders.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$63,670$30.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$82,875$39.8
ManagerOversees team, compliance, and project delivery.50% (Median)$104,370$50.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$138,125$66.4
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$165,080$79.4

Detailed Project Management Specialists Market Analysis

Relocation Context

Nominal Salary

$110,500

Gross Pay

Real Wage (Purchasing Power)

$110,500

Adjusted for COL (100)

For Project Management Specialists considering a move to Albany-Schenectady-Troy, the nominal salary of $110,500 aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in this region is equivalent to the national average, offering a stable financial outlook without the immediate pressure of higher living expenses.

Job Market Context

3,190

Total Jobs

7.209

Per 1K Jobs

1.1

Location Quotient

Above Average

With a location quotient of 1.10, Albany-Schenectady-Troy, NY has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.

With a Location Quotient of 1.1, the Albany-Schenectady-Troy market shows a slightly higher concentration of Project Management Specialists than the national average. This suggests a competitive yet accessible job market, where employers may actively seek out talent, but a sufficient pool of professionals exists to meet demand, offering good opportunities for both job seekers and employers.

Nearby Job Markets

Nearby Cities for Project Management Specialists

CitySalaryDist.
Pittsfield, MA Project Management Specialists Salary$107,680↓ 3%31 mi
Glens Falls, NY Project Management Specialists Salary$93,840↓ 15%45 mi
Kingston, NY Project Management Specialists Salary$98,570↓ 11%52 mi
Southwest New York nonmetropolitan area Project Management Specialists Salary$110,450↓ 0%68 mi
Central East New York nonmetropolitan area Project Management Specialists Salary$111,030↑ 0%68 mi

Comparing salaries near Albany-Schenectady-Troy, NY

Hiring Project Management Specialistss?

Frequently Asked Questions

How much does a Project Management Specialists make in Albany-Schenectady-Troy, NY?

The median annual salary for a Project Management Specialists in Albany-Schenectady-Troy, NY is $110,500. This typically ranges from $63,670 for entry-level positions to $165,080 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Albany-Schenectady-Troy, NY is 1.5% higher than the national median of $108,900.

Is Albany-Schenectady-Troy, NY a lucrative place for Project Management Specialists?

Yes, it is a lucrative place for Project Management Specialists.The average salary of $110,500 is above the national average, and the cost of living is right at the national average, offering excellent purchasing power.

Is Albany-Schenectady-Troy, NY a good place to live for Project Management Specialists?

The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Albany-Schenectady-Troy, NY?

Some top paying nearby cities include Pittsfield, MA ($107,680) and Glens Falls, NY.

How does the Albany-Schenectady-Troy salary compare to the national average?

The average annual salary for Project Management Specialists in Albany-Schenectady-Troy is $110,500, which is slightly higher than the national average of $108,900.

What is the Cost of Living in Albany-Schenectady-Troy, NY?

The Cost of Living Index in Albany-Schenectady-Troy is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.

How concentrated are Project Management Specialists in this area?

The Location Quotient of 1.1 indicates a slightly higher concentration of Project Management Specialists in Albany-Schenectady-Troy compared to the national average, suggesting a healthy presence of this profession.

How many Project Management Specialists are there in Albany-Schenectady-Troy?

There are approximately 3,190 Project Management Specialists employed within the Albany-Schenectady-Troy metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,190 employees in the Albany-Schenectady-Troy, NY area with a job density of 7.209 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Albany-Schenectady-Troy, NY

Semantic Salary Analysis for Project Management Specialists • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY