Average Project Management Specialists Salary in Madison, WI
Project Management Specialists in Madison, WI, earn an average annual salary of $96,390. This figure is notably below the national average of $108,900, suggesting that while Madison offers a stable market, compensation may be influenced by local economic factors and industry demand specific to the region.
Executive Summary
- Average Salary: $96,390 per year.
- Growth Trend: Salaries have shifted 1.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,730.
- Outlook: With a local workforce of 3,710 Project Management Specialists, Madison, WI, demonstrates a significant concentration of these professionals, indicated by a Location Quotient of 1.4. This suggests a robust demand and a well-established presence for project management roles within the city's economy, exceeding national averages.
Salary Overview
The average Project Management Specialists in Madison, WI earns-11.5%below the national average.
$46.3
$1,854
$8,033
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 Madison, WI, have experienced steady growth over the past four years, mirroring national trends. This growth is likely driven by increasing project complexity, the need for skilled management, and the overall expansion of industries that rely on project management expertise.
Project Management Specialists Salary Distribution in Madison, WI
Salary progression for Project Management Specialists in Madison, WI, typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive project portfolios and leadership experience can command salaries in the upper percentiles, reflecting a clear career trajectory and increasing value to employers.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,750 | $29.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,293 | $34.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $92,170 | $44.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $120,488 | $57.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,730 | $66.2 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$96,390
Gross Pay
Real Wage (Purchasing Power)
$96,390
Adjusted for COL (100)
The average annual salary of $96,390 in Madison, WI, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Project Management Specialist's salary in Madison is equivalent to the national average, offering a stable financial environment for residents.
Job Market Context
3,710
Total Jobs
9.151
Per 1K Jobs
1.4
Location Quotient
With a location quotient of 1.40, Madison, WI has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
Madison, WI, exhibits a strong concentration of Project Management Specialists, with a Location Quotient of 1.4, significantly above the national benchmark of 1.0. This indicates a higher prevalence of these roles relative to the national average, suggesting a competitive yet potentially opportunity-rich market for skilled professionals.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Project Management Specialists Salary | $94,400↓ 2% | 33 mi |
| Rockford, IL Project Management Specialists Salary | $88,130↓ 9% | 59 mi |
| Fond du Lac, WI Project Management Specialists Salary | $95,220↓ 1% | 68 mi |
| Milwaukee-Waukesha, WI Project Management Specialists Salary | $103,290↑ 7% | 72 mi |
| Oshkosh-Neenah, WI Project Management Specialists Salary | $99,250↑ 3% | 77 mi |
Comparing salaries near Madison, WI
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Madison, WI?
The median annual salary for a Project Management Specialists in Madison, WI is $96,390. This typically ranges from $60,750 for entry-level positions to $137,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 11.5% lower than the national median of $108,900.
Is Madison, WI a lucrative place for Project Management Specialists?
Yes, Madison, WI offers a competitive environment for Project Management Specialists.While the average salary is slightly below the national average, the strong concentration of roles (LQ of 1.4) and a cost of living at the national average indicate a stable and potentially rewarding career path.
Is Madison, WI a good place to live for Project Management Specialists?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($94,400) and Rockford, IL.
How does Madison's Project Management Specialist salary compare to the national average?
The average salary for Project Management Specialists in Madison, WI is $96,390, which is below the national average of $108,900.
What is the concentration of Project Management Specialists in Madison, WI?
Madison, WI has a Location Quotient of 1.4 for Project Management Specialists, meaning the concentration of these jobs is 40% higher than the national average.
How does the cost of living in Madison, WI affect salary perception?
With a Cost of Living Index of 100, Madison's cost of living is exactly at the national average. Therefore, the $96,390 salary has the same purchasing power as the national average salary.
What does the job market look like for Project Management Specialists in Madison, WI?
The job market appears robust, with 9.151 jobs per 1,000 workers and a high concentration (LQ 1.4), suggesting strong demand and a significant presence of project management roles.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,710 employees in the Madison, WI area with a job density of 9.151 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 Madison, WI