Average Project Management Specialists Salary in Evansville, IN
Project Management Specialists in Evansville, IN earn an average annual salary of $90,040. This figure is notably below the national average of $108,900, reflecting regional economic factors and a less concentrated demand for these specialized roles within the local market. The specific economic landscape and industry needs of Evansville shape this compensation structure.
Executive Summary
- Average Salary: $90,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $140,400.
- Outlook: The local job market for Project Management Specialists in Evansville, IN, comprises a workforce of 370 individuals. With a Location Quotient of 0.42, the concentration of these roles is below the national average, suggesting a moderate but not exceptionally high demand. The presence of 2.732 jobs per 1,000 workers indicates a steady, albeit not booming, presence of project management opportunities.
Salary Overview
The average Project Management Specialists in Evansville, IN earns-17.3%below the national average.
$43.3
$1,732
$7,503
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Evansville is not provided, it is generally assumed that salaries for Project Management Specialists nationwide have experienced consistent growth over the past four years, driven by increasing project complexity and the critical need for skilled management. This upward trend is likely reflected to some degree in the Evansville market, though potentially at a slower pace than national averages.
Project Management Specialists Salary Distribution in Evansville, IN
Salary progression for Project Management Specialists in Evansville, IN, typically correlates with experience. Entry-level positions will command lower salaries, while senior roles, requiring extensive expertise and a proven track record, can significantly exceed the average. The percentile gaps in earnings underscore the substantial career advancement and earning potential available as professionals gain more experience and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,990 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,530 | $32.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,170 | $40.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,550 | $54.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $140,400 | $67.5 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$90,040
Gross Pay
Real Wage (Purchasing Power)
$90,040
Adjusted for COL (100)
The average annual salary of $90,040 for Project Management Specialists in Evansville, IN, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary holds its purchasing power directly against national standards, offering a stable financial standing for professionals relocating to or residing in the area.
Job Market Context
370
Total Jobs
2.732
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Evansville, IN 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 0.42, Evansville, IN, has a lower concentration of Project Management Specialists compared to the national average. This suggests that while opportunities exist, the market is not saturated, and professionals may find a less competitive environment. However, it also indicates that the demand might be more niche, requiring specialists to align their skills with specific local industry needs.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Owensboro, KY Project Management Specialists Salary | $87,890↓ 2% | 28 mi |
| Paducah, KY-IL Project Management Specialists Salary | $88,780↓ 1% | 88 mi |
| Bowling Green, KY Project Management Specialists Salary | $84,810↓ 6% | 92 mi |
| Elizabethtown, KY Project Management Specialists Salary | $81,720↓ 9% | 93 mi |
| Bloomington, IN Project Management Specialists Salary | $107,660↑ 20% | 98 mi |
Comparing salaries near Evansville, IN
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Evansville, IN?
The median annual salary for a Project Management Specialists in Evansville, IN is $90,040. This typically ranges from $46,990 for entry-level positions to $140,400 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Evansville, IN is 17.3% lower than the national median of $108,900.
Is Evansville, IN a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to the national average.The average salary of $90,040 is below the national average of $108,900, and the lower concentration of these roles suggests a less robust market.
Is Evansville, IN a good place to live for Project Management Specialists?
The Cost of Living Index in Evansville, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Evansville, IN?
Some top paying nearby cities include Owensboro, KY ($87,890) and Paducah, KY-IL.
How does the Evansville salary compare to the national average?
The average salary for Project Management Specialists in Evansville, IN, is $90,040, which is approximately 17.3% lower than the national average of $108,900.
What is the significance of the Location Quotient (LQ) of 0.42?
An LQ of 0.42 indicates that Project Management Specialists are less concentrated in Evansville, IN, than the national average. This suggests a smaller, potentially more specialized job market for these professionals in the area.
How does the cost of living in Evansville affect the salary?
With a Cost of Living Index of 100 (the national average), the $90,040 salary in Evansville has purchasing power equivalent to the national average, meaning the lower nominal salary is offset by lower living expenses compared to higher-cost areas.
What is the total number of Project Management Specialists in Evansville?
There are approximately 370 Project Management Specialists working in Evansville, IN, representing a small segment of the local workforce.
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 Evansville, IN area with a job density of 2.732 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 Evansville, IN