Average Project Management Specialists Salary in Durham-Chapel Hill, NC
Project Management Specialists in the Durham-Chapel Hill, NC area command an impressive average annual salary of $115,560, significantly outpacing the national average of $108,900. This elevated compensation is likely driven by the region's robust economic activity and a concentrated demand for skilled project leadership within its thriving industries.
Executive Summary
- Average Salary: $115,560 per year.
- Growth Trend: Salaries have shifted 5.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,880.
- Outlook: With a local workforce of 3,320 Project Management Specialists, Durham-Chapel Hill demonstrates a notable concentration of talent, as indicated by a Location Quotient of 1.49. This suggests a job market where these professionals are not only present but are also in higher demand relative to the national landscape, pointing towards a stable and potentially growing employment environment for this role.
Salary Overview
The average Project Management Specialists in Durham-Chapel Hill, NC earns+6.1%above the national average.
$55.6
$2,222
$9,630
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 Durham-Chapel Hill have experienced consistent growth over the past four years, mirroring national trends. Economic development and increasing project complexity across various sectors likely contribute to upward pressure on compensation for these vital roles.
Project Management Specialists Salary Distribution in Durham-Chapel Hill, NC
Career progression for Project Management Specialists in Durham-Chapel Hill is typically marked by a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive track records and specialized skills can command salaries well into the upper percentiles, reflecting the value of their expertise and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $65,220 | $31.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $86,670 | $41.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $110,000 | $52.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $144,450 | $69.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,880 | $80.7 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$115,560
Gross Pay
Real Wage (Purchasing Power)
$115,560
Adjusted for COL (100)
The average annual salary of $115,560 in Durham-Chapel Hill aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is higher than the national average, the purchasing power of that salary is effectively on par with the rest of the country, offering a balanced financial landscape for professionals.
Job Market Context
3,320
Total Jobs
9.705
Per 1K Jobs
1.49
Location Quotient
With a location quotient of 1.49, Durham-Chapel Hill, NC has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
A Location Quotient of 1.49 signifies that Project Management Specialists are 49% more concentrated in Durham-Chapel Hill than the national average. This indicates a strong presence and potentially higher demand for these professionals within the local job market, suggesting a competitive environment where specialized skills are highly valued.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Raleigh-Cary, NC Project Management Specialists Salary | $105,920↓ 8% | 18 mi |
| Burlington, NC Project Management Specialists Salary | $88,700↓ 23% | 32 mi |
| Greensboro-High Point, NC Project Management Specialists Salary | $98,600↓ 15% | 52 mi |
| Eastern North Carolina nonmetropolitan area Project Management Specialists Salary | $90,420↓ 22% | 56 mi |
| Western North Carolina nonmetropolitan area Project Management Specialists Salary | $85,450↓ 26% | 56 mi |
Comparing salaries near Durham-Chapel Hill, NC
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Durham-Chapel Hill, NC?
The median annual salary for a Project Management Specialists in Durham-Chapel Hill, NC is $115,560. This typically ranges from $65,220 for entry-level positions to $167,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 6.1% higher than the national median of $108,900.
Is Durham-Chapel Hill, NC a lucrative place for Project Management Specialists?
Yes, it is a lucrative place for Project Management Specialists.The average salary of $115,560 is notably higher than the national average, and the strong Location Quotient of 1.49 suggests robust local demand for these professionals.
Is Durham-Chapel Hill, NC a good place to live for Project Management Specialists?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Raleigh-Cary, NC ($105,920) and Burlington, NC.
How does the Project Management Specialist salary compare to the national average?
The average annual salary for Project Management Specialists in Durham-Chapel Hill, NC is $115,560, which is higher than the national average of $108,900.
What is the Cost of Living in Durham-Chapel Hill, NC for Project Management Specialists?
The Cost of Living Index in Durham-Chapel Hill, NC is 100, which is exactly the national average, meaning your salary has typical purchasing power.
How concentrated is the Project Management Specialist workforce in Durham-Chapel Hill, NC?
The workforce is more concentrated than the national average, with a Location Quotient of 1.49, indicating a higher density of these roles in the area.
What does a Location Quotient of 1.49 mean for job seekers?
A Location Quotient of 1.49 suggests that Project Management Specialists are in relatively higher demand or are more prevalent in Durham-Chapel Hill compared to the national average, potentially leading to more opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,320 employees in the Durham-Chapel Hill, NC area with a job density of 9.705 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 Durham-Chapel Hill, NC