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Average Project Management Specialists Salary in Central Missouri nonmetropolitan area

Project Management Specialists in the Central Missouri nonmetropolitan area earn an average annual salary of $79,570. This figure is notably lower than the national average of $108,900, reflecting the distinct economic landscape and demand dynamics present in nonmetropolitan regions compared to larger urban centers.

Executive Summary

  • Average Salary: $79,570 per year.
  • Growth Trend: Salaries have shifted 6.1% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $126,540.
  • Outlook: With a total local workforce of 370 Project Management Specialists, the job market in this region is relatively niche. The low Location Quotient of 0.37 indicates a lower concentration of these professionals compared to the national average, suggesting that while the absolute number of jobs might be modest, the demand within this specific locale could be stable for those seeking opportunities.
2024 Market Data

Salary Overview

$79,570

The average Project Management Specialists in Central Missouri nonmetropolitan area earns-26.9%below the national average.

BreakdownBased on 40h/week
Hourly

$38.3

Weekly

$1,530

Monthly

$6,631

Project Management Specialists Salary Distribution in Central Missouri nonmetropolitan area

Salary progression for Project Management Specialists typically scales significantly with experience. Entry-level positions may start closer to the lower end of the pay scale, while senior roles, demanding extensive expertise and a proven track record, command substantially higher compensation. The percentile gaps in salary distribution highlight these opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$41,240$19.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$59,678$28.7
ManagerOversees team, compliance, and project delivery.50% (Median)$74,070$35.6
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$99,463$47.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$126,540$60.8

Detailed Project Management Specialists Market Analysis

Relocation Context

Nominal Salary

$79,570

Gross Pay

Real Wage (Purchasing Power)

$79,570

Adjusted for COL (100)

The average annual salary of $79,570 in Central Missouri 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 area is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.

Job Market Context

370

Total Jobs

2.398

Per 1K Jobs

0.37

Location Quotient

Low Concentration

At 0.37x, Central Missouri 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.

A Location Quotient of 0.37 signifies that Project Management Specialists are less concentrated in the Central Missouri nonmetropolitan area than the national average. This suggests a less competitive market for these roles, potentially offering more opportunities for skilled professionals to find employment without facing intense competition from a large pool of similarly qualified candidates.

Nearby Job Markets

Nearby Cities for Project Management Specialists

Comparing salaries near Central Missouri nonmetropolitan area

Hiring Project Management Specialistss?

Frequently Asked Questions

How much does a Project Management Specialists make in Central Missouri nonmetropolitan area?

The median annual salary for a Project Management Specialists in Central Missouri nonmetropolitan area is $79,570. This typically ranges from $41,240 for entry-level positions to $126,540 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Central Missouri nonmetropolitan area is 26.9% lower than the national median of $108,900.

Is Central Missouri nonmetropolitan area a lucrative place for Project Management Specialists?

No, it is not considered lucrative compared to national averages.The average salary of $79,570 is significantly below the national average of $108,900, indicating lower earning potential in this region.

Is Central Missouri nonmetropolitan area a good place to live for Project Management Specialists?

The Cost of Living Index in Central Missouri nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Central Missouri nonmetropolitan area?

Some top paying nearby cities include Jefferson City, MO ($89,130) and Columbia, MO.

How does the number of Project Management Specialists in Central Missouri compare nationally?

With 2.398 jobs per 1,000 workers, the concentration of Project Management Specialists is lower than the national average, as indicated by a Location Quotient of 0.37.

What is the total number of Project Management Specialists in Central Missouri?

There are approximately 370 Project Management Specialists employed within the Central Missouri nonmetropolitan area.

Does experience impact salary for Project Management Specialists in this area?

Yes, experience is a key driver of salary. Senior Project Management Specialists typically earn considerably more than entry-level professionals, reflecting increased responsibility and expertise.

How does the cost of living affect the $79,570 salary?

With a Cost of Living Index of 100, the salary of $79,570 offers purchasing power equivalent to the national average, meaning your earnings stretch as far as they would nationally.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Central Missouri nonmetropolitan area area with a job density of 2.398 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.