Average Project Management Specialists Salary in Central Kentucky nonmetropolitan area
Project Management Specialists in the Central Kentucky nonmetropolitan area earn an average annual salary of $89,350. This figure is notably below the national average of $108,900, reflecting regional economic factors and a potentially lower demand for highly specialized project management roles compared to urban centers. The specific economic landscape and industry concentration within this nonmetropolitan region directly influence compensation levels for these professionals.
Executive Summary
- Average Salary: $89,350 per year.
- Growth Trend: Salaries have shifted 29.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $134,030.
- Outlook: With a local workforce of 830 Project Management Specialists, the job market in Central Kentucky's nonmetropolitan area indicates a moderate presence. The Location Quotient of 0.74 suggests that this profession is slightly less concentrated here than the national average, implying a stable but not rapidly expanding demand. While the workforce size is substantial, the lower concentration points to a market that is neither oversaturated nor experiencing explosive growth, offering steady opportunities for skilled professionals.
Salary Overview
The average Project Management Specialists in Central Kentucky nonmetropolitan area earns-18.0%below the national average.
$43
$1,718
$7,446
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Project Management Specialists have seen a gradual upward trend over the past four years, mirroring national economic recovery and increasing demand for project execution expertise. This growth is likely driven by the ongoing need for efficient project delivery across various sectors, even in less urbanized regions.
Project Management Specialists Salary Distribution in Central Kentucky nonmetropolitan area
Salary progression for Project Management Specialists in Central Kentucky nonmetropolitan areas typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, demanding extensive experience and a proven track record, command significantly higher compensation. The percentile gaps between junior and senior roles signify clear career progression pathways and the increasing value placed on seasoned project leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,660 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,013 | $32.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,060 | $39 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,688 | $53.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $134,030 | $64.4 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$89,350
Gross Pay
Real Wage (Purchasing Power)
$89,350
Adjusted for COL (100)
The average annual salary of $89,350 in Central Kentucky's nonmetropolitan area aligns perfectly with the national Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income is equivalent to that of a professional earning the national average salary in a location with a cost of living at the national benchmark. Therefore, the lower salary is effectively offset by the neutral cost of living.
Job Market Context
830
Total Jobs
4.808
Per 1K Jobs
0.74
Location Quotient
Central Kentucky nonmetropolitan area has 0.74x 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 0.74 for Project Management Specialists in Central Kentucky's nonmetropolitan area indicates that the profession is less concentrated than the national average. This suggests that while opportunities exist, the market is not as competitive or abundant as in major metropolitan hubs. Professionals in this region may find a more specialized niche, potentially leading to less direct competition for roles but also a potentially smaller pool of available positions.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Project Management Specialists Salary | $91,820↑ 3% | 28 mi |
| Elizabethtown, KY Project Management Specialists Salary | $81,720↓ 9% | 66 mi |
| Louisville/Jefferson County, KY-IN Project Management Specialists Salary | $88,420↓ 1% | 72 mi |
| Cincinnati, OH-KY-IN Project Management Specialists Salary | $102,200↑ 14% | 100 mi |
Comparing salaries near Central Kentucky nonmetropolitan area
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Frequently Asked Questions
How much does a Project Management Specialists make in Central Kentucky nonmetropolitan area?
The median annual salary for a Project Management Specialists in Central Kentucky nonmetropolitan area is $89,350. This typically ranges from $50,660 for entry-level positions to $134,030 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Central Kentucky nonmetropolitan area is 18.0% lower than the national median of $108,900.
Is Central Kentucky nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to the national average.While the cost of living is at the national average, the average salary of $89,350 is significantly lower than the national average of $108,900, indicating less lucrative compensation.
Is Central Kentucky nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($91,820) and Elizabethtown, KY.
How does the local workforce size affect job opportunities?
A local workforce of 830 Project Management Specialists suggests a stable, established presence. While not indicative of rapid expansion, it provides a solid base for ongoing opportunities within the region.
What does a Location Quotient of 0.74 mean for job seekers?
A Location Quotient below 1.0 signifies that Project Management Specialists are less concentrated in this area compared to the national average. This could mean fewer specialized roles but potentially less competition for available positions.
How does the Cost of Living Index impact the salary's real value?
With a Cost of Living Index of 100, the national average, the $89,350 salary has the same purchasing power as the national average salary in a national-average cost-of-living area, making the effective value of the salary comparable.
Are there significant salary differences based on experience level?
Yes, experience is a key driver of salary for Project Management Specialists. Entry-level roles will offer lower pay, while senior positions with extensive project leadership experience command substantially higher salaries, reflecting a clear career growth trajectory.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 830 employees in the Central Kentucky nonmetropolitan area area with a job density of 4.808 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 Central Kentucky nonmetropolitan area