Average Project Management Specialists Salary in Monroe, LA
Project Management Specialists in Monroe, LA, earn an average annual salary of $80,500. This figure is notably lower than the national average of $108,900, reflecting the specific economic conditions and demand within the Monroe region. Localized market dynamics, including industry presence and the overall scale of projects, typically influence these pay scales.
Executive Summary
- Average Salary: $80,500 per year.
- Growth Trend: Salaries have shifted 3.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,830.
- Outlook: The job market for Project Management Specialists in Monroe, LA, appears to be moderately concentrated, with a total local workforce of 230 individuals. The Location Quotient of 0.4 indicates that this profession is less prevalent in Monroe compared to the national average, suggesting a niche but potentially stable demand within the existing workforce structure.
Salary Overview
The average Project Management Specialists in Monroe, LA earns-26.1%below the national average.
$38.7
$1,548
$6,708
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Monroe, LA, is not provided, it is generally assumed that salaries for Project Management Specialists have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing project complexity, the demand for skilled professionals, and inflation adjustments.
Project Management Specialists Salary Distribution in Monroe, LA
Salary progression for Project Management Specialists in Monroe, LA, is significantly influenced by experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior specialists with extensive experience and a proven track record can expect to earn considerably more, potentially reaching the higher percentiles of the salary range. These percentile gaps highlight clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,760 | $19.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,375 | $29 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $73,130 | $35.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $100,625 | $48.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,830 | $60 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$80,500
Gross Pay
Real Wage (Purchasing Power)
$80,500
Adjusted for COL (100)
The average annual salary of $80,500 for Project Management Specialists in Monroe, LA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of the salary in Monroe is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services.
Job Market Context
230
Total Jobs
2.605
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Monroe, LA has a notably lower concentration of Project Management Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
With a Location Quotient of 0.4, the market for Project Management Specialists in Monroe, LA, is less concentrated than the national average. This suggests that while there are dedicated professionals in the field, the overall job market is not saturated, potentially offering good opportunities for skilled individuals entering or advancing within the local industry.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Project Management Specialists Salary | $80,480↓ 0% | 88 mi |
| Southwest Louisiana nonmetropolitan area Project Management Specialists Salary | $93,240↑ 16% | 94 mi |
| Central Louisiana nonmetropolitan area Project Management Specialists Salary | $90,310↑ 12% | 94 mi |
| Northeast Louisiana nonmetropolitan area Project Management Specialists Salary | $84,770↑ 5% | 94 mi |
Comparing salaries near Monroe, LA
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Frequently Asked Questions
How much does a Project Management Specialists make in Monroe, LA?
The median annual salary for a Project Management Specialists in Monroe, LA is $80,500. This typically ranges from $40,760 for entry-level positions to $124,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Monroe, LA is 26.1% lower than the national median of $108,900.
Is Monroe, LA a lucrative place for Project Management Specialists?
No, not compared to the national average.While the salary of $80,500 is at the national average for cost of living, it is significantly below the national average salary for the role, indicating less lucrative compensation locally.
Is Monroe, LA a good place to live for Project Management Specialists?
The Cost of Living Index in Monroe, LA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Monroe, LA?
Some top paying nearby cities include Alexandria, LA ($80,480) and Southwest Louisiana nonmetropolitan area.
What is the average salary for a Project Management Specialist in Monroe, LA?
The average annual salary for a Project Management Specialist in Monroe, LA, is $80,500.
How does Monroe, LA's cost of living compare to the national average?
Monroe, LA's cost of living is exactly at the national average, with a Cost of Living Index of 100.
Is the job market for Project Management Specialists strong in Monroe, LA?
The market is moderately concentrated with a Location Quotient of 0.4, suggesting a niche but potentially stable demand rather than a highly competitive or saturated market.
How many Project Management Specialists are there in Monroe, LA?
There are approximately 230 Project Management Specialists in the local workforce in Monroe, LA.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Monroe, LA area with a job density of 2.605 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 Monroe, LA