Average Project Management Specialists Salary in Lexington-Fayette, KY
Project Management Specialists in Lexington-Fayette, KY earn an average annual salary of $91,820. This figure is notably below the national average of $108,900, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the Bluegrass State.
Executive Summary
- Average Salary: $91,820 per year.
- Growth Trend: Salaries have shifted 11.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,970.
- Outlook: With a local workforce of 1,690 Project Management Specialists and a Location Quotient of 0.92, the job market in Lexington-Fayette indicates a demand that closely mirrors the national average. While not a hub of extreme concentration, this stable presence suggests consistent opportunities for skilled professionals in project management roles.
Salary Overview
The average Project Management Specialists in Lexington-Fayette, KY earns-15.7%below the national average.
$44.2
$1,766
$7,652
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Lexington-Fayette is not provided, it's reasonable to assume that salaries for Project Management Specialists have experienced growth over the past four years, mirroring national trends. Economic expansion, increased project complexity, and a growing need for skilled management professionals typically drive upward salary adjustments.
Project Management Specialists Salary Distribution in Lexington-Fayette, KY
Salary progression for Project Management Specialists in Lexington-Fayette, KY, is strongly tied to experience. Entry-level roles typically command lower salaries, while senior positions with extensive track records and leadership capabilities can significantly exceed the average. The widening gap between entry-level and senior-level compensation reflects the value placed on experience and proven project success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $52,200 | $25.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,865 | $33.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,630 | $39.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,775 | $55.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,970 | $63 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$91,820
Gross Pay
Real Wage (Purchasing Power)
$91,820
Adjusted for COL (100)
The average salary of $91,820 in Lexington-Fayette, KY, 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 this region is equivalent to the national standard, offering a stable financial standing relative to the rest of the country.
Job Market Context
1,690
Total Jobs
5.973
Per 1K Jobs
0.92
Location Quotient
Lexington-Fayette, KY has 0.92x 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 0.92 suggests that the concentration of Project Management Specialists in Lexington-Fayette, KY, is slightly below the national average. This indicates a moderately competitive market where opportunities are present but not oversaturated, potentially offering a balanced environment for job seekers and employers alike.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Project Management Specialists Salary | $89,350↓ 3% | 28 mi |
| South Central Kentucky nonmetropolitan area Project Management Specialists Salary | $80,540↓ 12% | 28 mi |
| West Kentucky nonmetropolitan area Project Management Specialists Salary | $83,550↓ 9% | 28 mi |
| East Kentucky nonmetropolitan area Project Management Specialists Salary | $78,050↓ 15% | 28 mi |
| Louisville/Jefferson County, KY-IN Project Management Specialists Salary | $88,420↓ 4% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Lexington-Fayette, KY?
The median annual salary for a Project Management Specialists in Lexington-Fayette, KY is $91,820. This typically ranges from $52,200 for entry-level positions to $130,970 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 15.7% lower than the national median of $108,900.
Is Lexington-Fayette, KY a lucrative place for Project Management Specialists?
No, it is not exceptionally lucrative compared to the national average.The average salary of $91,820 is below the national average of $108,900, although the cost of living is on par with the national average.
Is Lexington-Fayette, KY a good place to live for Project Management Specialists?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($89,350) and South Central Kentucky nonmetropolitan area.
How does the local workforce size impact job opportunities?
A local workforce of 1,690 Project Management Specialists suggests a stable, albeit not overwhelmingly large, market. This indicates consistent demand for these roles within the region.
What does a Location Quotient of 0.92 mean for Project Management Specialists?
A Location Quotient of 0.92 signifies that the presence of Project Management Specialists in Lexington-Fayette is slightly less concentrated than the national average, implying a balanced job market.
How does the cost of living affect the $91,820 salary?
With a Cost of Living Index of 100, the $91,820 salary offers purchasing power equivalent to the national average, meaning your earnings will stretch as far as they would in a typical U.S. city.
Are there many Project Management Specialist jobs per 1,000 workers in Lexington-Fayette?
With 5.973 jobs per 1,000 workers, Lexington-Fayette shows a solid presence of Project Management Specialist roles, aligning closely with national employment densities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,690 employees in the Lexington-Fayette, KY area with a job density of 5.973 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Project Management Specialists Salaries by State
Top Jobs in Lexington-Fayette, KY
- All Occupations Salary in Lexington-Fayette, KY
- Office and Administrative Support Occupations Salary in Lexington-Fayette, KY
- Food Preparation and Serving Related Occupations Salary in Lexington-Fayette, KY
- Transportation and Material Moving Occupations Salary in Lexington-Fayette, KY
- Production Occupations Salary in Lexington-Fayette, KY
- Healthcare Practitioners and Technical Occupations Salary in Lexington-Fayette, KY
- Sales and Related Occupations Salary in Lexington-Fayette, KY
- Management Occupations Salary in Lexington-Fayette, KY
- Educational Instruction and Library Occupations Salary in Lexington-Fayette, KY
- Business and Financial Operations Occupations Salary in Lexington-Fayette, KY
- Browse All Jobs in Lexington-Fayette, KY →
Semantic Salary Analysis for Project Management Specialists • Data source: BLS OEWS 2024 •Jobs in Lexington-Fayette, KY