Average Project Management Specialists Salary in Janesville-Beloit, WI
Project Management Specialists in Janesville-Beloit, WI, earn an average annual salary of $94,400. This figure is notably below the national average of $108,900, indicating that local market dynamics and potentially regional demand influence compensation levels. Factors such as the specific industry mix and the overall economic landscape of the Janesville-Beloit area contribute to this salary differential.
Executive Summary
- Average Salary: $94,400 per year.
- Growth Trend: Salaries have shifted 4.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,390.
- Outlook: The Janesville-Beloit area supports a local workforce of 460 Project Management Specialists, with 6.617 jobs per 1,000 workers. A Location Quotient of 1.01 suggests that the concentration of these roles in the region is very close to the national average, implying a stable and consistent demand for project management expertise within the local economy.
Salary Overview
The average Project Management Specialists in Janesville-Beloit, WI earns-13.3%below the national average.
$45.4
$1,815
$7,867
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 Janesville-Beloit have experienced gradual growth over the past four years, mirroring national trends. Economic development and the increasing complexity of business operations typically drive an upward trajectory in compensation for skilled professionals in project management.
Project Management Specialists Salary Distribution in Janesville-Beloit, WI
Salary progression for Project Management Specialists is strongly tied to experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles, requiring extensive experience and a proven track record, command significantly higher salaries. The percentile gaps in compensation clearly signify the career advancement opportunities and increased earning potential as professionals gain expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,530 | $27.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,800 | $34 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $85,920 | $41.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $118,000 | $56.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,390 | $65.1 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$94,400
Gross Pay
Real Wage (Purchasing Power)
$94,400
Adjusted for COL (100)
The average annual salary of $94,400 for Project Management Specialists in Janesville-Beloit, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary is equivalent to the national standard, offering a stable financial environment for professionals considering a move to the area.
Job Market Context
460
Total Jobs
6.617
Per 1K Jobs
1.01
Location Quotient
With a location quotient of 1.01, Janesville-Beloit, WI has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
With a Location Quotient of 1.01, the Janesville-Beloit market for Project Management Specialists is almost perfectly aligned with the national average in terms of concentration. This suggests a balanced job market where demand and supply are relatively stable, indicating moderate competition for roles and a consistent availability of opportunities for qualified candidates.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Rockford, IL Project Management Specialists Salary | $88,130↓ 7% | 30 mi |
| Madison, WI Project Management Specialists Salary | $96,390↑ 2% | 33 mi |
| Kenosha, WI Project Management Specialists Salary | $98,980↑ 5% | 58 mi |
| Milwaukee-Waukesha, WI Project Management Specialists Salary | $103,290↑ 9% | 59 mi |
| Racine-Mount Pleasant, WI Project Management Specialists Salary | $95,590↑ 1% | 61 mi |
Comparing salaries near Janesville-Beloit, WI
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Janesville-Beloit, WI?
The median annual salary for a Project Management Specialists in Janesville-Beloit, WI is $94,400. This typically ranges from $57,530 for entry-level positions to $135,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Janesville-Beloit, WI is 13.3% lower than the national median of $108,900.
Is Janesville-Beloit, WI a lucrative place for Project Management Specialists?
No, not significantly more lucrative than the national average.While the average salary of $94,400 is substantial, it falls below the national average of $108,900. However, the cost of living is also at the national average, meaning the salary's purchasing power is comparable.
Is Janesville-Beloit, WI a good place to live for Project Management Specialists?
The Cost of Living Index in Janesville-Beloit, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Janesville-Beloit, WI?
Some top paying nearby cities include Rockford, IL ($88,130) and Madison, WI.
How does the Janesville-Beloit salary compare to the national average?
The average salary for Project Management Specialists in Janesville-Beloit, WI, is $94,400, which is lower than the national average of $108,900.
What is the concentration of Project Management Specialists in Janesville-Beloit?
The concentration, measured by the Location Quotient, is 1.01, indicating that the presence of Project Management Specialists in Janesville-Beloit is very close to the national average.
How does the cost of living in Janesville-Beloit affect salary perception?
The Cost of Living Index is 100, matching the national average. This means the $94,400 salary in Janesville-Beloit offers a purchasing power equivalent to the national average salary.
What is the total number of Project Management Specialists in Janesville-Beloit?
There are approximately 460 Project Management Specialists employed in the Janesville-Beloit, WI area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 460 employees in the Janesville-Beloit, WI area with a job density of 6.617 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 Janesville-Beloit, WI