Average Project Management Specialists Salary in Florence, SC
Project Management Specialists in Florence, SC, earn an average annual salary of $94,660. This figure is notably below the national average of $108,900, reflecting a localized demand and compensation structure specific to the Florence area. Factors such as the regional economic landscape and the concentration of industries requiring project management expertise influence this pay scale.
Executive Summary
- Average Salary: $94,660 per year.
- Growth Trend: Salaries have shifted 15.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $164,370.
- Outlook: The Project Management Specialist job market in Florence, SC, comprises a local workforce of 280 professionals. With a Location Quotient of 0.49, the concentration of these roles is less than half the national average, suggesting a niche but potentially stable demand within the local economy. The presence of 3.167 jobs per 1,000 workers indicates a moderate level of employment opportunity for specialists in this region.
Salary Overview
The average Project Management Specialists in Florence, SC earns-13.1%below the national average.
$45.5
$1,820
$7,888
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Florence, SC, is not provided, it is generally observed that salaries for Project Management Specialists nationwide have experienced consistent growth over the past four years. This upward trend is driven by increasing project complexity, the demand for skilled professionals, and inflation. It is reasonable to assume that Florence, SC, has also seen a commensurate, albeit potentially more modest, increase in compensation for these roles.
Project Management Specialists Salary Distribution in Florence, SC
Salary progression for Project Management Specialists is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior specialists with extensive track records and advanced certifications can significantly exceed the average. The percentile gaps in salary distribution highlight clear career advancement pathways, rewarding seasoned professionals with higher earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,920 | $26.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,995 | $34.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,690 | $40.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,325 | $56.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $164,370 | $79 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$94,660
Gross Pay
Real Wage (Purchasing Power)
$94,660
Adjusted for COL (100)
For Project Management Specialists considering a move to Florence, SC, the nominal salary of $94,660 aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the average salary in Florence is equivalent to the national average, offering a stable financial environment without the premium associated with higher cost-of-living areas.
Job Market Context
280
Total Jobs
3.167
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Florence, SC 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 0.49 indicates that Project Management Specialists are less concentrated in Florence, SC, compared to the national average. This suggests that the job market may be less saturated, potentially offering a competitive advantage for skilled professionals seeking opportunities. While not a hub for this profession, the existing workforce size implies a consistent, albeit specialized, demand.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Sumter, SC Project Management Specialists Salary | $90,410↓ 4% | 38 mi |
| Myrtle Beach-Conway-North Myrtle Beach, SC Project Management Specialists Salary | $82,590↓ 13% | 61 mi |
| Columbia, SC Project Management Specialists Salary | $94,000↓ 1% | 64 mi |
| Northwestern South Carolina nonmetropolitan area Project Management Specialists Salary | $94,780↑ 0% | 70 mi |
| Northeastern South Carolina nonmetropolitan area Project Management Specialists Salary | $89,520↓ 5% | 70 mi |
Comparing salaries near Florence, SC
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Florence, SC?
The median annual salary for a Project Management Specialists in Florence, SC is $94,660. This typically ranges from $54,920 for entry-level positions to $164,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Florence, SC is 13.1% lower than the national median of $108,900.
Is Florence, SC a lucrative place for Project Management Specialists?
No, not compared to the national average.While the average salary of $94,660 is substantial, it falls below the national average of $108,900. However, the cost of living is at the national average, making the salary's purchasing power comparable.
Is Florence, SC a good place to live for Project Management Specialists?
The Cost of Living Index in Florence, SC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Florence, SC?
Some top paying nearby cities include Sumter, SC ($90,410) and Myrtle Beach-Conway-North Myrtle Beach, SC.
How does the Florence, SC salary compare to the national average?
The average salary for Project Management Specialists in Florence, SC, is $94,660, which is approximately 13% lower than the national average of $108,900.
What is the Cost of Living in Florence, SC for Project Management Specialists?
The Cost of Living Index in Florence, SC, is 100, which is exactly the national average. This means that the purchasing power of the local salary is on par with the national average.
How concentrated is the Project Management Specialist job market in Florence, SC?
The job market for Project Management Specialists in Florence, SC, is less concentrated than the national average, with a Location Quotient of 0.49, indicating fewer specialists relative to the national proportion.
What is the total number of Project Management Specialists in Florence, SC?
There are approximately 280 Project Management Specialists employed within the Florence, SC, 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 280 employees in the Florence, SC area with a job density of 3.167 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 Florence, SC