Average Project Management Specialists Salary in Lake Charles, LA
Project Management Specialists in Lake Charles, LA, earn an average annual salary of $89,800. This figure is notably below the national average of $108,900, reflecting regional economic factors and the specific demand within the local market. The concentration of these roles and the overall economic landscape in Lake Charles contribute to this localized pay scale.
Executive Summary
- Average Salary: $89,800 per year.
- Growth Trend: Salaries have shifted 1.1% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,050.
- Outlook: The job market for Project Management Specialists in Lake Charles, LA, is characterized by a modest workforce of 260 professionals. With a Location Quotient of 0.4, the concentration of these roles is significantly lower than the national average, suggesting a less saturated but potentially less robust demand compared to larger metropolitan areas. The presence of 2.603 jobs per 1,000 workers indicates a steady, albeit not explosive, need for these specialized skills within the region.
Salary Overview
The average Project Management Specialists in Lake Charles, LA earns-17.5%below the national average.
$43.2
$1,727
$7,483
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Lake Charles is not provided, it is reasonable to assume that salaries for Project Management Specialists have experienced growth over the past four years, mirroring national trends. Economic development and the increasing complexity of projects across various industries typically drive up demand and compensation for skilled project managers, leading to incremental salary increases.
Project Management Specialists Salary Distribution in Lake Charles, LA
Salary progression for Project Management Specialists in Lake Charles, LA, is closely tied to experience and demonstrated expertise. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles, requiring extensive project leadership and strategic oversight, can significantly exceed the average. The percentile gaps in compensation clearly signify the career advancement opportunities and the increasing value placed on seasoned professionals within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,330 | $23.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,350 | $32.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,340 | $39.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,250 | $54 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,050 | $65.4 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$89,800
Gross Pay
Real Wage (Purchasing Power)
$89,800
Adjusted for COL (100)
The average annual salary of $89,800 for Project Management Specialists in Lake Charles, LA, 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 Lake Charles is equivalent to that of someone earning the national average in a typical U.S. location. Consequently, the nominal salary offers a comparable standard of living without the financial strain often associated with higher cost-of-living areas.
Job Market Context
260
Total Jobs
2.603
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Lake Charles, LA 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 0.4, Lake Charles, LA, has a lower concentration of Project Management Specialists compared to the national average. This suggests that the job market is less competitive, and opportunities may be more specialized or tied to specific local industries. While this indicates a potentially less saturated market, it also implies that the demand might be more niche, requiring professionals to tailor their skills to the specific needs of the Lake Charles economy.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Beaumont-Port Arthur, TX Project Management Specialists Salary | $101,910↑ 13% | 56 mi |
| Lafayette, LA Project Management Specialists Salary | $93,130↑ 4% | 70 mi |
| Alexandria, LA Project Management Specialists Salary | $80,480↓ 10% | 87 mi |
Comparing salaries near Lake Charles, LA
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Lake Charles, LA?
The median annual salary for a Project Management Specialists in Lake Charles, LA is $89,800. This typically ranges from $48,330 for entry-level positions to $136,050 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lake Charles, LA is 17.5% lower than the national median of $108,900.
Is Lake Charles, LA a lucrative place for Project Management Specialists?
No, not compared to the national average.While the average salary of $89,800 is respectable, it falls below the national average of $108,900. The lower concentration of roles (LQ of 0.4) also suggests a less robust market.
Is Lake Charles, LA a good place to live for Project Management Specialists?
The Cost of Living Index in Lake Charles, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lake Charles, LA?
Some top paying nearby cities include Beaumont-Port Arthur, TX ($101,910) and Lafayette, LA.
How does the cost of living in Lake Charles, LA affect the salary?
The Cost of Living Index in Lake Charles is 100, which is the national average. This means the $89,800 salary offers a purchasing power equivalent to the national average, making it relatively stable in terms of real income.
What is the job outlook for Project Management Specialists in Lake Charles?
The outlook is moderate, with 260 professionals in the field and 2.603 jobs per 1,000 workers. The low Location Quotient (0.4) indicates less competition but also potentially fewer opportunities than in more concentrated areas.
How much more can an experienced Project Management Specialist earn in Lake Charles?
Experienced Project Management Specialists can expect to earn significantly more than the average $89,800, with senior roles commanding higher salaries due to increased responsibility and expertise. The exact increase depends on the specific industry and company.
Is the Project Management Specialist job market saturated in Lake Charles?
No, the market is not saturated. The Location Quotient of 0.4 indicates a lower concentration of these professionals compared to the national average, suggesting room for growth and demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Lake Charles, LA area with a job density of 2.603 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 Lake Charles, LA