Average Project Management Specialists Salary in Lexington Park, MD
Project Management Specialists in Lexington Park, MD, command an impressive average annual salary of $117,210, significantly outpacing the national average of $108,900. This elevated compensation is likely driven by the specialized nature of projects and the concentration of related industries within the region, necessitating a higher pay scale to attract and retain top talent.
Executive Summary
- Average Salary: $117,210 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,410.
- Outlook: With a local workforce of 1,000 Project Management Specialists and a Location Quotient of 2.14, Lexington Park exhibits a robust demand for these professionals. The concentration, more than double the national average, indicates a specialized and potentially high-growth job market, suggesting strong employment prospects for individuals in this field within the area.
Salary Overview
The average Project Management Specialists in Lexington Park, MD earns+7.6%above the national average.
$56.4
$2,254
$9,768
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 Lexington Park have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing project complexity, inflation, and a competitive job market typically drive upward salary adjustments for skilled professionals in this domain.
Project Management Specialists Salary Distribution in Lexington Park, MD
Salary progression for Project Management Specialists in Lexington Park typically scales significantly with experience. Entry-level roles may start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and leadership experience can command salaries in the upper percentiles. These percentile gaps clearly signify substantial 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) | $65,380 | $31.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $87,908 | $42.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $108,610 | $52.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $146,513 | $70.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $169,410 | $81.4 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$117,210
Gross Pay
Real Wage (Purchasing Power)
$117,210
Adjusted for COL (100)
The average annual salary of $117,210 in Lexington Park, MD, aligns perfectly with the national average cost of living (Index 100). This means that the purchasing power of a Project Management Specialist's salary in Lexington Park is equivalent to that of someone earning the national average salary in a location with average living expenses.
Job Market Context
1,000
Total Jobs
13.972
Per 1K Jobs
2.14
Location Quotient
Lexington Park, MD has 2.1x the national concentration of Project Management Specialists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Lexington Park's Location Quotient of 2.14 for Project Management Specialists signifies a market where these roles are more than twice as concentrated as the national average. This suggests a highly specialized and potentially competitive job market, indicating a strong presence of companies actively seeking or heavily reliant on project management expertise.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Salisbury, MD Project Management Specialists Salary | $85,940↓ 27% | 47 mi |
| Washington-Arlington-Alexandria, DC-VA-MD-WV Project Management Specialists Salary | $126,690↑ 8% | 55 mi |
| Maryland nonmetropolitan area Project Management Specialists Salary | $92,160↓ 21% | 59 mi |
| Baltimore-Columbia-Towson, MD Project Management Specialists Salary | $109,010↓ 7% | 72 mi |
| Richmond, VA Project Management Specialists Salary | $105,760↓ 10% | 75 mi |
Comparing salaries near Lexington Park, MD
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Lexington Park, MD?
The median annual salary for a Project Management Specialists in Lexington Park, MD is $117,210. This typically ranges from $65,380 for entry-level positions to $169,410 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington Park, MD is 7.6% higher than the national median of $108,900.
Is Lexington Park, MD a lucrative place for Project Management Specialists?
Yes, Lexington Park, MD is a lucrative location for Project Management Specialists.The average salary of $117,210 is notably higher than the national average, and the cost of living is on par with the national average, indicating strong purchasing power.
Is Lexington Park, MD a good place to live for Project Management Specialists?
The Cost of Living Index in Lexington Park, MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington Park, MD?
Some top paying nearby cities include Salisbury, MD ($85,940) and Washington-Arlington-Alexandria, DC-VA-MD-WV.
How does the local job market compare to the national average for Project Management Specialists?
Lexington Park's job market for Project Management Specialists is significantly more concentrated than the national average, with a Location Quotient of 2.14, suggesting higher demand relative to the general workforce.
What is the average salary for a Project Management Specialist in Lexington Park, MD?
The average annual salary for a Project Management Specialist in Lexington Park, MD, is $117,210.
How does the cost of living in Lexington Park, MD affect the salary?
The cost of living in Lexington Park, MD, is exactly at the national average (100), meaning the higher local salary of $117,210 offers strong purchasing power equivalent to the national average.
What does the high Location Quotient mean for job seekers?
A Location Quotient of 2.14 indicates a higher concentration of Project Management Specialist jobs relative to the national average, suggesting a robust and specialized local market with potentially more opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,000 employees in the Lexington Park, MD area with a job density of 13.972 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 Lexington Park, MD