Average Project Management Specialists Salary in Chicago-Naperville-Elgin, IL-IN
Project Management Specialists in the Chicago-Naperville-Elgin, IL-IN metropolitan area command an impressive average annual salary of $111,740. This figure notably surpasses the national average of $108,900, indicating a strong demand and potentially higher value placed on project management expertise within this specific economic hub. The robust local economy and the concentration of industries requiring skilled project leadership likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $111,740 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $161,980.
- Outlook: With a substantial local workforce of 19,130 Project Management Specialists, the Chicago-Naperville-Elgin area demonstrates a significant presence of these professionals. The Location Quotient of 0.66 suggests that while the concentration is slightly below the national average, the sheer volume of jobs and workers indicates a stable and active market. The rate of 4.277 jobs per 1,000 workers further underscores the consistent need for project management talent in this region.
Salary Overview
The average Project Management Specialists in Chicago-Naperville-Elgin, IL-IN earns+2.6%above the national average.
$53.7
$2,149
$9,312
Project Management Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Project Management Specialists in the Chicago-Naperville-Elgin, IL-IN area have experienced steady growth over the past four years. Economic expansion, increasing project complexity, and the ongoing demand for skilled professionals typically drive upward salary trends, reflecting both inflation and enhanced market value for experienced project managers.
Project Management Specialists Salary Distribution in Chicago-Naperville-Elgin, IL-IN
The career trajectory for Project Management Specialists in Chicago-Naperville-Elgin, IL-IN typically shows a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with a proven track record in managing complex projects can command salaries in the upper percentiles, often exceeding $130,000. These percentile gaps clearly signify substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $62,620 | $30.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $83,805 | $40.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,640 | $50.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $139,675 | $67.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $161,980 | $77.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$111,740
Gross Pay
Real Wage (Purchasing Power)
$111,740
Adjusted for COL (100)
The average annual salary of $111,740 for Project Management Specialists in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary holds its purchasing power directly against the national average, offering a stable financial standing for professionals relocating to or residing in the area. Your earnings will effectively translate to the national standard of living.
Job Market Context
19,130
Total Jobs
4.277
Per 1K Jobs
0.66
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 0.66x 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 0.66 indicates that Project Management Specialists are slightly less concentrated in the Chicago-Naperville-Elgin, IL-IN area compared to the national average. This suggests that while the market is not oversaturated, there is a healthy and established demand for these roles. Professionals may find a competitive yet accessible job market, with opportunities available for those possessing the right skills and experience.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Project Management Specialists Salary | $88,110↓ 21% | 41 mi |
| Kenosha, WI Project Management Specialists Salary | $98,980↓ 11% | 51 mi |
| Kankakee, IL Project Management Specialists Salary | $101,850↓ 9% | 55 mi |
| Racine-Mount Pleasant, WI Project Management Specialists Salary | $95,590↓ 14% | 59 mi |
| Niles, MI Project Management Specialists Salary | $97,360↓ 13% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
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Frequently Asked Questions
How much does a Project Management Specialists make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Project Management Specialists in Chicago-Naperville-Elgin, IL-IN is $111,740. This typically ranges from $62,620 for entry-level positions to $161,980 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 2.6% higher than the national median of $108,900.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Project Management Specialists?
Yes, it is a lucrative place for Project Management Specialists.The average salary of $111,740 significantly exceeds the national average, and the cost of living is exactly at the national average, making it financially advantageous.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Project Management Specialists?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($88,110) and Kenosha, WI.
How does the Chicago Project Management Specialist salary compare to the national average?
The average annual salary for Project Management Specialists in Chicago-Naperville-Elgin, IL-IN is $111,740, which is higher than the national average of $108,900.
What is the cost of living in Chicago-Naperville-Elgin, IL-IN for Project Management Specialists?
The cost of living in Chicago-Naperville-Elgin, IL-IN is at the national average, indicated by a Cost of Living Index of 100.
How concentrated is the Project Management Specialist job market in Chicago?
The job market has a Location Quotient of 0.66, meaning it is slightly less concentrated than the national average, suggesting a balanced market with consistent demand.
What is the total number of Project Management Specialists in the Chicago area?
There are approximately 19,130 Project Management Specialists employed within the Chicago-Naperville-Elgin, IL-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 19,130 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 4.277 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 Chicago-Naperville-Elgin, IL-IN