Average Project Management Specialists Salary in Bloomington, IL
Project Management Specialists in Bloomington, IL, earn an average annual salary of $98,550. This figure is notably below the national average of $108,900, suggesting that local market dynamics and potentially a different industry focus in Bloomington influence compensation levels for this role. The specific economic landscape and demand within the Bloomington area play a significant role in shaping these salary outcomes.
Executive Summary
- Average Salary: $98,550 per year.
- Growth Trend: Salaries have shifted 7.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $156,320.
- Outlook: The Bloomington, IL, job market for Project Management Specialists appears to be relatively niche, with a total local workforce of 210 individuals in this role. The low Location Quotient of 0.35 indicates that this profession is less concentrated in Bloomington compared to the national average. While the number of jobs per 1,000 workers (2.303) suggests a modest presence, the overall concentration points to a market that may not be experiencing exceptionally high demand or rapid expansion for these specialists.
Salary Overview
The average Project Management Specialists in Bloomington, IL earns-9.5%below the national average.
$47.4
$1,895
$8,213
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Bloomington, IL is not provided, it is generally assumed that salaries for Project Management Specialists nationwide have seen a steady upward trend over the past four years. This growth is typically driven by increasing project complexity, the need for skilled management, and inflation. It is reasonable to infer that Bloomington's market, while smaller, would likely follow this general trajectory, albeit potentially at a different pace influenced by local economic factors.
Project Management Specialists Salary Distribution in Bloomington, IL
Salary progression for Project Management Specialists in Bloomington, IL, is expected to follow a typical career path, with entry-level positions commanding lower salaries and senior roles with extensive experience earning significantly more. The percentile gaps between junior and senior roles would signify the value placed on accumulated expertise, strategic oversight, and leadership capabilities. Professionals advancing in their careers can anticipate a substantial increase in earning potential as they move up the experience ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,820 | $25.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,913 | $35.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $95,390 | $45.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,188 | $59.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $156,320 | $75.2 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$98,550
Gross Pay
Real Wage (Purchasing Power)
$98,550
Adjusted for COL (100)
With an average annual salary of $98,550 and a Cost of Living Index of 100, Project Management Specialists in Bloomington, IL, find their nominal earnings directly align with the national average cost of living. This means that the purchasing power of their salary in Bloomington is equivalent to that of someone earning the national average salary in a national-average cost of living area. Therefore, the salary offers a standard lifestyle without the added financial strain or benefit typically associated with areas significantly above or below the national cost of living.
Job Market Context
210
Total Jobs
2.303
Per 1K Jobs
0.35
Location Quotient
At 0.35x, Bloomington, IL has a notably lower concentration of Project Management Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.35 for Project Management Specialists in Bloomington, IL, indicates a significantly lower concentration of these professionals compared to the national average. This suggests that the job market for Project Management Specialists in Bloomington is not particularly saturated. While this might imply less competition for available roles, it could also point to a smaller pool of opportunities or a lower overall demand relative to other regions, making it a less abundant market for this specific specialization.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Project Management Specialists Salary | $93,380↓ 5% | 9 mi |
| East Central Illinois nonmetropolitan area Project Management Specialists Salary | $84,570↓ 14% | 9 mi |
| Northwest Illinois nonmetropolitan area Project Management Specialists Salary | $99,040↑ 0% | 9 mi |
| South Illinois nonmetropolitan area Project Management Specialists Salary | $88,340↓ 10% | 9 mi |
| Peoria, IL Project Management Specialists Salary | $98,460↓ 0% | 39 mi |
Comparing salaries near Bloomington, IL
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Bloomington, IL?
The median annual salary for a Project Management Specialists in Bloomington, IL is $98,550. This typically ranges from $53,820 for entry-level positions to $156,320 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Bloomington, IL is 9.5% lower than the national median of $108,900.
Is Bloomington, IL a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to the national average.While the average salary of $98,550 is substantial, it falls below the national average of $108,900. The low Location Quotient also suggests a less concentrated market, which may impact earning potential and career advancement opportunities compared to more robust markets.
Is Bloomington, IL a good place to live for Project Management Specialists?
The Cost of Living Index in Bloomington, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Bloomington, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($93,380) and East Central Illinois nonmetropolitan area.
How does the Bloomington, IL salary compare to the national average?
The average salary for Project Management Specialists in Bloomington, IL, is $98,550, which is approximately 9.5% lower than the national average of $108,900.
What is the Cost of Living in Bloomington, IL for Project Management Specialists?
The Cost of Living Index in Bloomington, IL, is 100, which is exactly the national average. This means that the purchasing power of the local salary is on par with the national average.
How concentrated is the Project Management Specialist job market in Bloomington, IL?
The job market is not very concentrated, with a Location Quotient of 0.35, indicating fewer Project Management Specialists per capita in Bloomington compared to the national average.
What does the low Location Quotient mean for job seekers?
A low Location Quotient suggests that while there might be fewer specialists, there could also be less overall demand or fewer specialized roles available, potentially leading to a more competitive job search for specific opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 210 employees in the Bloomington, IL area with a job density of 2.303 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 Bloomington, IL