Average Project Management Specialists Salary in Capital/Northern New York nonmetropolitan area
Project Management Specialists in the Capital/Northern New York nonmetropolitan area earn an average annual salary of $95,210. This figure is notably below the national average of $108,900, reflecting the unique economic dynamics and potentially lower demand for these specialized roles in this particular region. The compensation is influenced by the local market's specific needs and the overall economic landscape of nonmetropolitan areas.
Executive Summary
- Average Salary: $95,210 per year.
- Growth Trend: Salaries have shifted 7.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,150.
- Outlook: The job market for Project Management Specialists in the Capital/Northern New York nonmetropolitan area appears to be moderately concentrated, with a total local workforce of 450 individuals. The Location Quotient of 0.49 suggests that this profession is less prevalent here compared to the national average, indicating a niche presence rather than a widespread demand. While the workforce size is modest, the concentration level points to a stable, albeit not booming, job market for these professionals.
Salary Overview
The average Project Management Specialists in Capital/Northern New York nonmetropolitan area earns-12.6%below the national average.
$45.8
$1,831
$7,934
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it's reasonable to assume a general trend of salary growth for Project Management Specialists over the past four years, mirroring national patterns. Economic recovery and increasing project complexity likely contribute to a steady, albeit potentially modest, increase in compensation for skilled professionals in this field across most regions.
Project Management Specialists Salary Distribution in Capital/Northern New York nonmetropolitan area
Salary progression for Project Management Specialists typically scales significantly with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive project portfolios and leadership experience can command salaries well above the average. The percentile gaps in compensation clearly signify the career trajectory and the increasing value placed on expertise and proven success in managing complex projects.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,070 | $26 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $71,408 | $34.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,160 | $44.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $119,013 | $57.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $139,150 | $66.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$95,210
Gross Pay
Real Wage (Purchasing Power)
$95,210
Adjusted for COL (100)
The nominal average salary of $95,210 in the Capital/Northern New York nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Project Management Specialist's salary in this region is equivalent to that of someone earning the national average in a typical U.S. location, suggesting a balanced economic environment for residents.
Job Market Context
450
Total Jobs
3.212
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Capital/Northern New York nonmetropolitan area has a notably lower concentration of Project Management Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.49, the Capital/Northern New York nonmetropolitan area exhibits a lower concentration of Project Management Specialists compared to the national average. This suggests that the job market is less saturated, potentially offering fewer opportunities but also less competition for skilled professionals. The abundance of roles is relatively lower, indicating a specialized demand rather than a broad market.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Binghamton, NY Project Management Specialists Salary | $113,120↑ 19% | 49 mi |
| Kingston, NY Project Management Specialists Salary | $98,570↑ 4% | 51 mi |
| Scranton--Wilkes-Barre, PA Project Management Specialists Salary | $108,180↑ 14% | 64 mi |
| Utica-Rome, NY Project Management Specialists Salary | $99,530↑ 5% | 66 mi |
| Albany-Schenectady-Troy, NY Project Management Specialists Salary | $110,500↑ 16% | 68 mi |
Comparing salaries near Capital/Northern New York nonmetropolitan area
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Frequently Asked Questions
How much does a Project Management Specialists make in Capital/Northern New York nonmetropolitan area?
The median annual salary for a Project Management Specialists in Capital/Northern New York nonmetropolitan area is $95,210. This typically ranges from $54,070 for entry-level positions to $139,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Capital/Northern New York nonmetropolitan area is 12.6% lower than the national median of $108,900.
Is Capital/Northern New York nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to the national average.While the average salary of $95,210 is substantial, it falls below the national average of $108,900, indicating less lucrative compensation in this specific nonmetropolitan region.
Is Capital/Northern New York nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Capital/Northern New York nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Capital/Northern New York nonmetropolitan area?
Some top paying nearby cities include Binghamton, NY ($113,120) and Kingston, NY.
How does the local salary compare to the national average?
The average salary for Project Management Specialists in this area is $95,210, which is approximately $13,690 less than the national average of $108,900.
What is the Cost of Living in Capital/Northern New York nonmetropolitan area?
The Cost of Living Index is 100, which is exactly the national average. This means the cost of goods and services is comparable to the typical U.S. location.
How many Project Management Specialists work in this area?
There are approximately 450 Project Management Specialists employed in the Capital/Northern New York nonmetropolitan area.
Is there high demand for Project Management Specialists in this region?
The Location Quotient of 0.49 suggests a lower concentration of these roles compared to the national average, indicating moderate demand rather than exceptionally high demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Capital/Northern New York nonmetropolitan area area with a job density of 3.212 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 Capital/Northern New York nonmetropolitan area