Average Project Management Specialists Salary in Albuquerque, NM
Project Management Specialists in Albuquerque, New Mexico, command an impressive average annual salary of $118,320. This figure notably surpasses the national average of $108,900, indicating a localized premium for these critical roles. The specific economic landscape and demand within Albuquerque contribute to this elevated compensation, reflecting the value placed on skilled project leadership in the region.
Executive Summary
- Average Salary: $118,320 per year.
- Growth Trend: Salaries have shifted 20.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $222,650.
- Outlook: Albuquerque's market for Project Management Specialists appears robust, with a local workforce of 2,630 professionals. The Location Quotient of 1.01 suggests a concentration of these roles that is very close to the national average, implying a stable and consistent demand for project management expertise within the city's economic structure.
Salary Overview
The average Project Management Specialists in Albuquerque, NM earns+8.7%above the national average.
$56.9
$2,275
$9,860
Project Management Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Project Management Specialists in Albuquerque have experienced steady growth over the past four years, mirroring national trends. Economic development and the increasing complexity of business projects typically drive up demand and, consequently, compensation for experienced professionals in this field.
Project Management Specialists Salary Distribution in Albuquerque, NM
Salary progression for Project Management Specialists in Albuquerque is significantly influenced by experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles, commanding higher salaries, reflect years of successful project delivery and leadership. The widening gap between entry-level and senior salaries, often seen across different pay percentiles, clearly signifies substantial career advancement opportunities and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,300 | $30 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $88,740 | $42.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $103,090 | $49.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $147,900 | $71.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $222,650 | $107 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$118,320
Gross Pay
Real Wage (Purchasing Power)
$118,320
Adjusted for COL (100)
The average annual salary of $118,320 in Albuquerque aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Project Management Specialist's salary in Albuquerque is equivalent to the national standard, offering a stable financial foundation without the added pressure of higher living expenses.
Job Market Context
2,630
Total Jobs
6.563
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Albuquerque, NM has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
With a Location Quotient of 1.01, Albuquerque's job market for Project Management Specialists is nearly identical in concentration to the national average. This suggests a balanced market where demand and supply are well-matched, indicating a competitive yet accessible environment for both employers seeking talent and professionals looking for opportunities.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Project Management Specialists Salary | $100,320↓ 15% | 29 mi |
| Northern New Mexico nonmetropolitan area Project Management Specialists Salary | $120,750↑ 2% | 29 mi |
| Santa Fe, NM Project Management Specialists Salary | $92,420↓ 22% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Albuquerque, NM?
The median annual salary for a Project Management Specialists in Albuquerque, NM is $118,320. This typically ranges from $62,300 for entry-level positions to $222,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 8.7% higher than the national median of $108,900.
Is Albuquerque, NM a lucrative place for Project Management Specialists?
Yes, Albuquerque offers a lucrative environment for Project Management Specialists.The average salary of $118,320 significantly exceeds the national average, and the cost of living is right at the national benchmark, providing excellent earning potential.
Is Albuquerque, NM a good place to live for Project Management Specialists?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($100,320) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's Project Management Specialist salary compare to the national average?
The average salary for Project Management Specialists in Albuquerque is $118,320, which is higher than the national average of $108,900.
What is the cost of living in Albuquerque, NM for Project Management Specialists?
Albuquerque's Cost of Living Index is 100, which is exactly the national average, meaning your salary will have average purchasing power.
How concentrated is the Project Management Specialist job market in Albuquerque?
The market concentration, indicated by a Location Quotient of 1.01, is very close to the national average, suggesting a stable and balanced job market.
What is the total number of Project Management Specialists in Albuquerque?
There are approximately 2,630 Project Management Specialists employed in Albuquerque, contributing to a steady demand for their skills.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,630 employees in the Albuquerque, NM area with a job density of 6.563 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Project Management Specialists • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM