Average Project Management Specialists Salary in Lafayette, LA
Project Management Specialists in Lafayette, LA, earn an average annual salary of $93,130. This figure is notably below the national average of $108,900, suggesting that local market dynamics and potentially a different industry focus in Lafayette contribute to this compensation difference. While the nominal salary is lower, understanding the local economic landscape is key to evaluating its true value.
Executive Summary
- Average Salary: $93,130 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,370.
- Outlook: With a local workforce of 640 Project Management Specialists, Lafayette presents a modest but established presence in this field. The Location Quotient of 0.55 indicates that this profession is less concentrated in Lafayette compared to the national average, suggesting a potentially less saturated market but also possibly fewer specialized opportunities or a different demand structure.
Salary Overview
The average Project Management Specialists in Lafayette, LA earns-14.5%below the national average.
$44.8
$1,791
$7,761
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Lafayette is not provided, it is generally assumed that salaries for Project Management Specialists nationwide have seen consistent growth over the past four years, driven by increasing project complexity and the demand for skilled professionals. This trend likely extends to Lafayette, albeit potentially at a different rate influenced by local economic factors and industry investments.
Project Management Specialists Salary Distribution in Lafayette, LA
The salary trajectory for Project Management Specialists typically scales significantly 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. These percentile gaps are crucial indicators of career progression and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,080 | $23.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,848 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $83,800 | $40.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,413 | $56 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,370 | $74.2 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$93,130
Gross Pay
Real Wage (Purchasing Power)
$93,130
Adjusted for COL (100)
The average salary of $93,130 in Lafayette aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Project Management Specialist's salary in Lafayette is equivalent to the national average, offering a stable financial standing relative to broader economic conditions.
Job Market Context
640
Total Jobs
3.621
Per 1K Jobs
0.55
Location Quotient
Lafayette, LA has 0.55x 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 0.55 signifies that Project Management Specialists are less prevalent in Lafayette compared to the national landscape. This suggests that while the demand might not be as concentrated as in major hubs, professionals in this role may find a unique niche, potentially with less direct competition but also fewer employers actively seeking this specific specialization.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Baton Rouge, LA Project Management Specialists Salary | $96,130↑ 3% | 56 mi |
| Southwest Louisiana nonmetropolitan area Project Management Specialists Salary | $93,240↑ 0% | 67 mi |
| Central Louisiana nonmetropolitan area Project Management Specialists Salary | $90,310↓ 3% | 67 mi |
| Northeast Louisiana nonmetropolitan area Project Management Specialists Salary | $84,770↓ 9% | 67 mi |
| Lake Charles, LA Project Management Specialists Salary | $89,800↓ 4% | 70 mi |
Comparing salaries near Lafayette, LA
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Frequently Asked Questions
How much does a Project Management Specialists make in Lafayette, LA?
The median annual salary for a Project Management Specialists in Lafayette, LA is $93,130. This typically ranges from $48,080 for entry-level positions to $154,370 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lafayette, LA is 14.5% lower than the national median of $108,900.
Is Lafayette, LA a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to national averages.The average salary of $93,130 is below the national average, although the cost of living is also at the national average, making the effective purchasing power comparable.
Is Lafayette, LA a good place to live for Project Management Specialists?
The Cost of Living Index in Lafayette, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lafayette, LA?
Some top paying nearby cities include Baton Rouge, LA ($96,130) and Southwest Louisiana nonmetropolitan area.
How does the number of Project Management Specialists in Lafayette compare nationally?
With 3.621 jobs per 1,000 workers, the presence of Project Management Specialists in Lafayette is less concentrated than the national average, indicated by a Location Quotient of 0.55.
What is the significance of the Location Quotient for Project Management Specialists in Lafayette?
A Location Quotient of 0.55 means the concentration of Project Management Specialists in Lafayette is about half of the national average, implying a less specialized local market.
How does Lafayette's cost of living affect the $93,130 salary?
With a Cost of Living Index of 100, the $93,130 salary in Lafayette has the same purchasing power as the national average salary would in a national-average cost of living area.
What is the total number of Project Management Specialists in Lafayette?
There are approximately 640 Project Management Specialists employed within the Lafayette, LA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 640 employees in the Lafayette, LA area with a job density of 3.621 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 Lafayette, LA