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Average Project Management Specialists Salary in New York-Newark-Jersey City, NY-NJ

Project Management Specialists in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $126,860. This figure significantly surpasses the national average of $108,900, indicating a strong demand and higher compensation for these critical roles within this dynamic economic hub. The concentration of industries and corporate headquarters in the region naturally drives up the need for skilled project managers, justifying the elevated pay scale.

Executive Summary

  • Average Salary: $126,860 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $184,490.
  • Outlook: The New York-Newark-Jersey City area boasts a substantial workforce of 66,550 Project Management Specialists, with a jobs-per-1,000-workers ratio of 7.108. This indicates a robust and active job market for these professionals. The Location Quotient of 1.09 further suggests that Project Management Specialists are slightly more concentrated here than the national average, pointing to a healthy demand and a well-established presence of these roles within the local economy.
2024 Market Data

Salary Overview

$126,860

The average Project Management Specialists in New York-Newark-Jersey City, NY-NJ earns+16.5%above the national average.

BreakdownBased on 40h/week
Hourly

$61

Weekly

$2,440

Monthly

$10,572

Project Management Specialists Salary Distribution in New York-Newark-Jersey City, NY-NJ

Salary progression for Project Management Specialists in New York-Newark-Jersey City is strongly tied to experience and demonstrated expertise. Entry-level positions will naturally command lower salaries, while seasoned professionals with a proven track record of successful project delivery can expect to earn significantly more. The widening gap between the lower and upper salary percentiles reflects the substantial career growth and earning potential available as specialists advance through junior, mid-level, and senior project management roles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$73,360$35.3
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$95,145$45.7
ManagerOversees team, compliance, and project delivery.50% (Median)$121,680$58.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$158,575$76.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$184,490$88.7

Detailed Project Management Specialists Market Analysis

Relocation Context

Nominal Salary

$126,860

Gross Pay

Real Wage (Purchasing Power)

$126,860

Adjusted for COL (100)

The average annual salary of $126,860 for Project Management Specialists in New York-Newark-Jersey City aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is high, the purchasing power of that salary is comparable to the national average. Therefore, relocating professionals can expect their earnings to cover expenses at a standard rate, without a significant premium or discount due to local living costs.

Job Market Context

66,550

Total Jobs

7.108

Per 1K Jobs

1.09

Location Quotient

Above Average

With a location quotient of 1.09, New York-Newark-Jersey City, NY-NJ has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.

With a Location Quotient of 1.09, the New York-Newark-Jersey City area shows a slightly higher concentration of Project Management Specialists compared to the national average. This suggests a competitive yet abundant job market; there are ample opportunities for skilled professionals, but also a notable number of peers in the field. This equilibrium indicates a stable demand that is met by a slightly more than average supply of talent.

Nearby Job Markets

Nearby Cities for Project Management Specialists

CitySalaryDist.
Kiryas Joel-Poughkeepsie-Newburgh, NY Project Management Specialists Salary$108,940↓ 14%44 mi
Trenton-Princeton, NJ Project Management Specialists Salary$119,140↓ 6%52 mi
Bridgeport-Stamford-Danbury, CT Project Management Specialists Salary$116,850↓ 8%54 mi
New Haven, CT Project Management Specialists Salary$107,610↓ 15%70 mi
Waterbury-Shelton, CT Project Management Specialists Salary$106,900↓ 16%77 mi

Comparing salaries near New York-Newark-Jersey City, NY-NJ

Hiring Project Management Specialistss?

Frequently Asked Questions

How much does a Project Management Specialists make in New York-Newark-Jersey City, NY-NJ?

The median annual salary for a Project Management Specialists in New York-Newark-Jersey City, NY-NJ is $126,860. This typically ranges from $73,360 for entry-level positions to $184,490 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York-Newark-Jersey City, NY-NJ is 16.5% higher than the national median of $108,900.

Is New York-Newark-Jersey City, NY-NJ a lucrative place for Project Management Specialists?

Yes, it is a lucrative place for Project Management Specialists.The average salary of $126,860 is significantly higher than the national average, and the slightly above-average concentration of these roles (LQ of 1.09) indicates strong local demand.

Is New York-Newark-Jersey City, NY-NJ a good place to live for Project Management Specialists?

The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?

Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($108,940) and Trenton-Princeton, NJ.

How does the salary compare to the national average?

Project Management Specialists in New York-Newark-Jersey City earn an average of $126,860 annually, which is notably higher than the national average of $108,900.

What is the cost of living in New York-Newark-Jersey City for Project Management Specialists?

The Cost of Living Index in this region is 100, which is exactly the national average. This means the high salary effectively translates to average purchasing power.

Is there high demand for Project Management Specialists in this area?

Yes, the Location Quotient of 1.09 and 7.108 jobs per 1,000 workers suggest a strong and slightly above-average demand for Project Management Specialists in the region.

How many Project Management Specialists work in this area?

The New York-Newark-Jersey City metropolitan area is home to a substantial workforce of 66,550 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 66,550 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 7.108 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in New York-Newark-Jersey City, NY-NJ

Semantic Salary Analysis for Project Management Specialists • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ