Average Project Management Specialists Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Project Management Specialists in the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan area earn an average annual salary of $104,170. This figure is slightly below the national average of $108,900, suggesting a nuanced compensation landscape. Local economic factors, industry demand, and the specific skill sets prevalent within the region likely contribute to this pay differential.
Executive Summary
- Average Salary: $104,170 per year.
- Growth Trend: Salaries have shifted 8.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $149,490.
- Outlook: With a substantial local workforce of 14,270 Project Management Specialists and a Location Quotient of 1.13, the Minneapolis-St. Paul-Bloomington area demonstrates a notable concentration of these professionals compared to the national average. This indicates a robust and established market for project management expertise, suggesting consistent demand and a healthy job environment for specialists in the region.
Salary Overview
The average Project Management Specialists in Minneapolis-St. Paul-Bloomington, MN-WI earns-4.3%below the national average.
$50.1
$2,003
$8,681
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 Minneapolis-St. Paul-Bloomington have experienced steady growth over the past four years, mirroring national trends. Factors such as inflation, increasing demand for project management skills across various industries, and the continuous need for efficient project execution likely contribute to an upward trajectory in compensation.
Project Management Specialists Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
Career progression for Project Management Specialists in Minneapolis-St. Paul-Bloomington is typically marked by significant salary increases. Entry-level positions may start considerably lower, while seasoned professionals with extensive experience and specialized certifications can command salaries well above the average. The percentile gaps in earnings clearly signify the value placed on accumulated expertise and leadership capabilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $64,880 | $31.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $78,128 | $37.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,290 | $47.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $130,213 | $62.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $149,490 | $71.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$104,170
Gross Pay
Real Wage (Purchasing Power)
$104,170
Adjusted for COL (100)
The average annual salary of $104,170 for Project Management Specialists in Minneapolis-St. Paul-Bloomington 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 metropolitan area is equivalent to the national average, offering a stable financial standing without significant adjustments needed for daily expenses.
Job Market Context
14,270
Total Jobs
7.39
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Minneapolis-St. Paul-Bloomington, MN-WI has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
A Location Quotient of 1.13 for Project Management Specialists in Minneapolis-St. Paul-Bloomington indicates that the job market is slightly more concentrated than the national average. This suggests a healthy demand and a competitive environment where employers actively seek skilled professionals, while also offering ample opportunities for specialists to find roles aligned with their expertise.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Project Management Specialists Salary | $87,930↓ 16% | 58 mi |
| Southeast Minnesota nonmetropolitan area Project Management Specialists Salary | $100,600↓ 3% | 58 mi |
| Southwest Minnesota nonmetropolitan area Project Management Specialists Salary | $91,200↓ 12% | 58 mi |
| Northeast Minnesota nonmetropolitan area Project Management Specialists Salary | $87,940↓ 16% | 58 mi |
| St. Cloud, MN Project Management Specialists Salary | $90,640↓ 13% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Project Management Specialists in Minneapolis-St. Paul-Bloomington, MN-WI is $104,170. This typically ranges from $64,880 for entry-level positions to $149,490 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 4.3% lower than the national median of $108,900.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Project Management Specialists?
Yes, it offers competitive compensation.Project Management Specialists earn $104,170 annually, which is close to the national average, and the local cost of living is also at the national average, indicating good purchasing power.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Project Management Specialists?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($87,930) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul-Bloomington salary compare to the national average?
Project Management Specialists in Minneapolis-St. Paul-Bloomington earn an average of $104,170, which is slightly less than the national average of $108,900.
What is the concentration of Project Management Specialists in this area?
The Location Quotient of 1.13 signifies that Project Management Specialists are 13% more concentrated in Minneapolis-St. Paul-Bloomington than the national average, indicating a strong presence of these roles.
How does the cost of living affect the salary in Minneapolis-St. Paul-Bloomington?
With a Cost of Living Index of 100, the local cost of living is exactly at the national average, meaning the $104,170 salary has the same purchasing power as the national average salary.
Are there many Project Management Specialist jobs in Minneapolis-St. Paul-Bloomington?
Yes, with 7.39 jobs per 1,000 workers and a total local workforce of 14,270, the area supports a significant number of Project Management Specialist positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,270 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 7.39 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 Minneapolis-St. Paul-Bloomington, MN-WI