Average Project Management Specialists Salary in Memphis, TN-MS-AR
Project Management Specialists in the Memphis, TN-MS-AR metropolitan area earn an average annual salary of $90,870. This figure is notably below the national average of $108,900, suggesting that local market dynamics and potentially a different industry focus influence compensation in this region. Factors such as the specific industries prevalent in Memphis and the overall demand for project management expertise contribute to this salary differential.
Executive Summary
- Average Salary: $90,870 per year.
- Growth Trend: Salaries have shifted 15.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,840.
- Outlook: The Memphis area supports a local workforce of 2,780 Project Management Specialists, with 4.476 jobs per 1,000 workers. While the Location Quotient of 0.69 indicates a slightly lower concentration of these roles compared to the national average, the substantial workforce size suggests a stable, albeit not hyper-concentrated, demand for project management professionals within the region.
Salary Overview
The average Project Management Specialists in Memphis, TN-MS-AR earns-16.6%below the national average.
$43.7
$1,748
$7,573
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Memphis is not provided, it is generally assumed that salaries for Project Management Specialists have experienced consistent growth over the past four years, mirroring national trends. This growth is typically driven by increasing project complexity, the need for skilled oversight, and the expanding scope of project management across various industries.
Project Management Specialists Salary Distribution in Memphis, TN-MS-AR
Experience plays a significant role in the earning potential of Project Management Specialists. Entry-level positions typically command salaries at the lower end of the pay scale, while senior roles, characterized by extensive experience and leadership responsibilities, can significantly exceed the average. The percentile gaps in salary distributions clearly signify the career progression and increased earning capacity associated with advancing through different levels of project management expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,310 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,153 | $32.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $84,350 | $40.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,588 | $54.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,840 | $65.3 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$90,870
Gross Pay
Real Wage (Purchasing Power)
$90,870
Adjusted for COL (100)
The average annual salary of $90,870 for Project Management Specialists in Memphis aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned in Memphis offers purchasing power equivalent to the national average, making it a financially neutral location in terms of cost of living relative to salary.
Job Market Context
2,780
Total Jobs
4.476
Per 1K Jobs
0.69
Location Quotient
Memphis, TN-MS-AR has 0.69x 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.
With a Location Quotient of 0.69, the Memphis, TN-MS-AR area has a slightly lower concentration of Project Management Specialists compared to the national average. This suggests that while the profession is present and supported by a workforce of nearly 2,800 individuals, the market may be less saturated than in other, more heavily concentrated metropolitan areas, potentially offering a competitive environment for skilled professionals.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Project Management Specialists Salary | $79,230↓ 13% | 64 mi |
| Jackson, TN Project Management Specialists Salary | $86,570↓ 5% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Memphis, TN-MS-AR?
The median annual salary for a Project Management Specialists in Memphis, TN-MS-AR is $90,870. This typically ranges from $49,310 for entry-level positions to $135,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 16.6% lower than the national median of $108,900.
Is Memphis, TN-MS-AR a lucrative place for Project Management Specialists?
No, not more lucrative than the national average.The average salary of $90,870 is below the national average of $108,900, indicating less lucrative compensation. However, the cost of living is at the national average, making the purchasing power comparable.
Is Memphis, TN-MS-AR a good place to live for Project Management Specialists?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($79,230) and Jackson, TN.
How does the Memphis salary compare to the national average?
Project Management Specialists in Memphis earn an average of $90,870 annually, which is approximately 16.5% less than the national average salary of $108,900.
What is the significance of the Location Quotient in Memphis?
A Location Quotient of 0.69 indicates that Project Management Specialists are less concentrated in Memphis compared to the national average, suggesting a moderately competitive job market for these roles.
Does the cost of living affect the perceived salary in Memphis?
No, the cost of living in Memphis is exactly at the national average (100), meaning the $90,870 salary has the same purchasing power as the national average salary.
How many Project Management Specialists are in Memphis?
The Memphis, TN-MS-AR metropolitan area has a total workforce of 2,780 Project Management Specialists.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,780 employees in the Memphis, TN-MS-AR area with a job density of 4.476 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 Memphis, TN-MS-AR