Average Project Management Specialists Salary in Binghamton, NY
Project Management Specialists in Binghamton, NY, command an impressive average annual salary of $113,120. This figure slightly surpasses the national average of $108,900, indicating a competitive local market. Factors such as the specific industry demands within Binghamton and the concentration of specialized roles likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $113,120 per year.
- Growth Trend: Salaries have shifted 22.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $179,830.
- Outlook: With a local workforce of 560 Project Management Specialists, Binghamton presents a stable, albeit not overwhelmingly large, employment landscape for these professionals. The Location Quotient of 0.89 suggests a presence that is nearly on par with the national average, implying consistent demand without excessive saturation, making it a solid market for experienced individuals.
Salary Overview
The average Project Management Specialists in Binghamton, NY earns+3.9%above the national average.
$54.4
$2,175
$9,427
Project Management Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Project Management Specialist salaries in Binghamton, mirroring national trends, have experienced steady growth over the past four years. This growth is typically driven by increasing project complexity, the demand for skilled management, and inflation, ensuring that compensation remains competitive.
Project Management Specialists Salary Distribution in Binghamton, NY
Salary progression for Project Management Specialists in Binghamton is strongly tied to experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive project portfolios and leadership experience can command salaries in the upper percentiles. The increasing salary gaps between experience levels signify clear career progression pathways and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $63,690 | $30.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $84,840 | $40.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $105,780 | $50.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $141,400 | $68 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $179,830 | $86.5 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$113,120
Gross Pay
Real Wage (Purchasing Power)
$113,120
Adjusted for COL (100)
The average annual salary of $113,120 in Binghamton, NY, 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 Binghamton is equivalent to the national standard, offering a stable financial environment for residents.
Job Market Context
560
Total Jobs
5.832
Per 1K Jobs
0.89
Location Quotient
Binghamton, NY has 0.89x the national average concentration of Project Management Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.89 indicates that Project Management Specialists are slightly less concentrated in Binghamton compared to the national average. This suggests a healthy job market where demand is present but not overly saturated, offering good opportunities for skilled professionals without intense competition from a disproportionately large local talent pool.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Ithaca, NY Project Management Specialists Salary | $95,370↓ 16% | 39 mi |
| Elmira, NY Project Management Specialists Salary | $108,280↓ 4% | 46 mi |
| Southwest New York nonmetropolitan area Project Management Specialists Salary | $110,450↓ 2% | 49 mi |
| Central East New York nonmetropolitan area Project Management Specialists Salary | $111,030↓ 2% | 49 mi |
| Capital/Northern New York nonmetropolitan area Project Management Specialists Salary | $95,210↓ 16% | 49 mi |
Comparing salaries near Binghamton, NY
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Frequently Asked Questions
How much does a Project Management Specialists make in Binghamton, NY?
The median annual salary for a Project Management Specialists in Binghamton, NY is $113,120. This typically ranges from $63,690 for entry-level positions to $179,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Binghamton, NY is 3.9% higher than the national median of $108,900.
Is Binghamton, NY a lucrative place for Project Management Specialists?
Yes, Binghamton offers a lucrative environment for Project Management Specialists.The average salary of $113,120 is above the national average, and the cost of living is exactly at the national average, providing strong purchasing power.
Is Binghamton, NY a good place to live for Project Management Specialists?
The Cost of Living Index in Binghamton, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Binghamton, NY?
Some top paying nearby cities include Ithaca, NY ($95,370) and Elmira, NY.
How does Binghamton's Project Management Specialist salary compare to the national average?
Project Management Specialists in Binghamton earn an average of $113,120 annually, which is slightly higher than the national average of $108,900.
What is the Cost of Living in Binghamton, NY for Project Management Specialists?
The Cost of Living Index in Binghamton is 100, which is precisely the national average, meaning your salary has standard purchasing power.
Is there high demand for Project Management Specialists in Binghamton?
With 5.832 jobs per 1,000 workers and a Location Quotient of 0.89, the demand is stable and nearly aligned with the national average, indicating consistent opportunities.
How many Project Management Specialists are there in Binghamton?
Binghamton has a local workforce of approximately 560 Project Management Specialists.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Binghamton, NY area with a job density of 5.832 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 Binghamton, NY