Average Project Management Specialists Salary in Nashville-Davidson--Murfreesboro--Franklin, TN
Project Management Specialists in the Nashville-Davidson--Murfreesboro--Franklin, TN area earn an average annual salary of $96,090. This figure is slightly below the national average of $108,900, suggesting a localized compensation structure influenced by regional economic factors and demand. While the nominal salary is lower, the cost of living parity offers a nuanced perspective on purchasing power.
Executive Summary
- Average Salary: $96,090 per year.
- Growth Trend: Salaries have shifted 19.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $145,010.
- Outlook: With a local workforce of 7,310 Project Management Specialists and a Location Quotient of 1.02, the job market in Nashville-Davidson--Murfreesboro--Franklin, TN, demonstrates a healthy concentration of these professionals, closely mirroring national levels. The presence of 6.667 jobs per 1,000 workers indicates a steady demand for project management expertise within the region's diverse economic landscape.
Salary Overview
The average Project Management Specialists in Nashville-Davidson--Murfreesboro--Franklin, TN earns-11.8%below the national average.
$46.2
$1,848
$8,008
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 Nashville-Davidson--Murfreesboro--Franklin, TN, have experienced growth over the past four years, mirroring national trends. Economic expansion and the increasing complexity of projects typically drive up compensation for skilled professionals in this field.
Project Management Specialists Salary Distribution in Nashville-Davidson--Murfreesboro--Franklin, TN
Salary progression for Project Management Specialists is significantly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive project portfolios and leadership experience can expect to earn considerably more, often reaching into the higher percentiles. The variance in pay across different experience levels highlights clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,150 | $27 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $72,068 | $34.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,930 | $41.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $120,113 | $57.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $145,010 | $69.7 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$96,090
Gross Pay
Real Wage (Purchasing Power)
$96,090
Adjusted for COL (100)
The average annual salary of $96,090 in Nashville-Davidson--Murfreesboro--Franklin, TN, 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 this region is equivalent to the national standard, offering stability for those relocating.
Job Market Context
7,310
Total Jobs
6.667
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Nashville-Davidson--Murfreesboro--Franklin, TN has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
A Location Quotient of 1.02 indicates that Project Management Specialists are slightly more concentrated in the Nashville-Davidson--Murfreesboro--Franklin, TN area than the national average. This suggests a robust and competitive job market where demand is stable and closely aligned with the supply of qualified professionals.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| East Tennessee nonmetropolitan area Project Management Specialists Salary | $90,480↓ 6% | 29 mi |
| South Central Tennessee nonmetropolitan area Project Management Specialists Salary | $87,460↓ 9% | 29 mi |
| West Tennessee nonmetropolitan area Project Management Specialists Salary | $84,610↓ 12% | 29 mi |
| North Central Tennessee nonmetropolitan area Project Management Specialists Salary | $77,580↓ 19% | 29 mi |
| Clarksville, TN-KY Project Management Specialists Salary | $83,130↓ 13% | 42 mi |
Comparing salaries near Nashville-Davidson--Murfreesboro--Franklin, TN
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Nashville-Davidson--Murfreesboro--Franklin, TN?
The median annual salary for a Project Management Specialists in Nashville-Davidson--Murfreesboro--Franklin, TN is $96,090. This typically ranges from $56,150 for entry-level positions to $145,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Nashville-Davidson--Murfreesboro--Franklin, TN is 11.8% lower than the national median of $108,900.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a lucrative place for Project Management Specialists?
Yes, with a caveat.While the average salary of $96,090 is slightly below the national average, the cost of living is also at the national average, meaning your earnings have equivalent purchasing power. The market concentration is also very close to the national average, indicating stable demand.
Is Nashville-Davidson--Murfreesboro--Franklin, TN a good place to live for Project Management Specialists?
The Cost of Living Index in Nashville-Davidson--Murfreesboro--Franklin, TN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Nashville-Davidson--Murfreesboro--Franklin, TN?
Some top paying nearby cities include East Tennessee nonmetropolitan area ($90,480) and South Central Tennessee nonmetropolitan area.
How does the Nashville Project Management Specialist salary compare to the national average?
The average annual salary for Project Management Specialists in Nashville-Davidson--Murfreesboro--Franklin, TN is $96,090, which is approximately 12% lower than the national average of $108,900.
What is the cost of living in Nashville-Davidson--Murfreesboro--Franklin, TN for Project Management Specialists?
The cost of living in the Nashville-Davidson--Murfreesboro--Franklin, TN area is exactly at the national average, indicated by a Cost of Living Index of 100.
How concentrated are Project Management Specialist jobs in this Tennessee region?
The concentration of Project Management Specialist jobs, measured by the Location Quotient, is 1.02, indicating a slightly higher presence of these roles compared to the national average.
What is the total number of Project Management Specialists in the Nashville area?
There are approximately 7,310 Project Management Specialists employed within the Nashville-Davidson--Murfreesboro--Franklin, TN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 7,310 employees in the Nashville-Davidson--Murfreesboro--Franklin, TN area with a job density of 6.667 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 Nashville-Davidson--Murfreesboro--Franklin, TN