Average Project Management Specialists Salary in New Jersey
Project Management Specialists in New Jersey command an impressive average annual salary of $122,380, significantly surpassing the national average of $108,900. This elevated compensation is largely driven by New Jersey's robust economic landscape and the high demand for skilled project managers across various thriving industries within the state.
Executive Summary
- Average Salary: $122,380 per year.
- Growth Trend: Salaries have shifted 9.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $173,730.
- Outlook: With a substantial local workforce of 26,850 Project Management Specialists, New Jersey demonstrates a significant presence in this field. The location quotient of 0.97 indicates a concentration very close to the national average, suggesting a stable and well-established job market that is neither overly saturated nor critically undersupplied, pointing to consistent demand.
Salary Overview
The average Project Management Specialists in New Jersey earns+12.4%above the national average.
$58.8
$2,353
$10,198
Project Management Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the demand for Project Management Specialists in New Jersey has mirrored national trends, likely experiencing steady salary growth over the past four years. This growth is fueled by the increasing complexity of business operations and the critical need for effective project execution across diverse sectors.
Project Management Specialists Salary Distribution in New Jersey
Salary progression for Project Management Specialists in New Jersey typically scales significantly with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive track records and specialized skills can command salaries well into the upper percentiles, reflecting a clear career growth trajectory and the value placed on expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $72,340 | $34.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $91,785 | $44.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $113,320 | $54.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $152,975 | $73.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $173,730 | $83.5 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$122,380
Gross Pay
Real Wage (Purchasing Power)
$108,879
Adjusted for COL (112.4)
While the average salary of $122,380 in New Jersey is attractive, the state's Cost of Living Index of 112.4 means that expenses are approximately 12.4% higher than the national average. Therefore, while the nominal salary is strong, the purchasing power needs to be considered in relation to the higher cost of goods and services within the state.
Job Market Context
26,850
Total Jobs
6.318
Per 1K Jobs
0.97
Location Quotient
New Jersey has 0.97x 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.
The Location Quotient of 0.97 for Project Management Specialists in New Jersey suggests a market that is nearly on par with the national average in terms of concentration. This indicates a healthy and competitive job market where opportunities are readily available, but professionals may still need to differentiate themselves to secure top roles.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Project Management Specialists Salary | $119,140↓ 3% | 14 mi |
| New York-Newark-Jersey City, NY-NJ Project Management Specialists Salary | $126,860↑ 4% | 39 mi |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Project Management Specialists Salary | $108,700↓ 11% | 42 mi |
| Allentown-Bethlehem-Easton, PA-NJ Project Management Specialists Salary | $102,330↓ 16% | 54 mi |
| Vineland, NJ Project Management Specialists Salary | $105,750↓ 14% | 63 mi |
Comparing salaries near New Jersey
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Frequently Asked Questions
How much does a Project Management Specialists make in New Jersey?
The median annual salary for a Project Management Specialists in New Jersey is $122,380. This typically ranges from $72,340 for entry-level positions to $173,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Jersey is 12.4% higher than the national median of $108,900.
Is New Jersey a lucrative place for Project Management Specialists?
Yes, New Jersey is a lucrative state for Project Management Specialists.The average salary significantly exceeds the national average, and the substantial workforce indicates strong demand for these professionals.
Is New Jersey a good place to live for Project Management Specialists?
The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New Jersey?
Some top paying nearby cities include Trenton-Princeton, NJ ($119,140) and New York-Newark-Jersey City, NY-NJ.
How does New Jersey's Project Management Specialist salary compare to the national average?
Project Management Specialists in New Jersey earn an average of $122,380 annually, which is approximately $13,480 more than the national average of $108,900.
What is the concentration of Project Management Specialists in New Jersey?
New Jersey has a Location Quotient of 0.97 for Project Management Specialists, meaning the concentration of these professionals is very close to the national average.
How does the cost of living in New Jersey affect the Project Management Specialist salary?
With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. The $122,380 salary offers good purchasing power, but it's important to factor in the higher living expenses.
What is the total number of Project Management Specialists in New Jersey?
There are approximately 26,850 Project Management Specialists employed within the state of New Jersey.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 26,850 employees in the New Jersey area with a job density of 6.318 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 New Jersey