Average Project Management Specialists Salary in North Arkansas nonmetropolitan area
Project Management Specialists in the North Arkansas nonmetropolitan area earn an average annual salary of $75,290. This figure is notably lower than the national average of $108,900, reflecting the economic dynamics and potentially lower demand for specialized project management roles in less urbanized regions. The specific compensation is influenced by the local market's unique supply and demand for these skills.
Executive Summary
- Average Salary: $75,290 per year.
- Growth Trend: Salaries have shifted 32.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,340.
- Outlook: The local job market for Project Management Specialists in North Arkansas features a total workforce of 270 individuals. With a Location Quotient of 0.34, the concentration of these roles is significantly below the national average, suggesting a less saturated but potentially less robust demand compared to metropolitan areas. The presence of 2.244 jobs per 1,000 workers indicates a modest but consistent need for these professionals within the region.
Salary Overview
The average Project Management Specialists in North Arkansas nonmetropolitan area earns-30.9%below the national average.
$36.2
$1,448
$6,274
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this niche role in North Arkansas is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic development and increased project complexity in the region would likely drive a gradual increase in compensation for Project Management Specialists, aligning with broader industry trends.
Project Management Specialists Salary Distribution in North Arkansas nonmetropolitan area
Salary progression for Project Management Specialists typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while senior roles, demanding extensive expertise and strategic oversight, command significantly higher salaries. The percentile gaps in compensation clearly signify career progression pathways, rewarding accumulated knowledge and successful project delivery.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,300 | $19.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $56,468 | $27.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,150 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $94,113 | $45.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,340 | $55.5 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$75,290
Gross Pay
Real Wage (Purchasing Power)
$75,290
Adjusted for COL (100)
The nominal average salary of $75,290 in North Arkansas aligns perfectly with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average, the purchasing power of that salary locally is equivalent to the national average. Therefore, the salary offers a standard cost of living experience relative to the rest of the country.
Job Market Context
270
Total Jobs
2.244
Per 1K Jobs
0.34
Location Quotient
At 0.34x, North Arkansas nonmetropolitan area has a notably lower concentration of Project Management Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.34 indicates that Project Management Specialists are less concentrated in North Arkansas compared to the national average. This suggests that the job market is not saturated, and professionals in this field may find fewer direct competitors but also potentially fewer job opportunities compared to more concentrated areas. The market is relatively open, but demand might be more specialized.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Project Management Specialists Salary | $80,910↑ 7% | 17 mi |
| Hot Springs, AR Project Management Specialists Salary | $74,800↓ 1% | 51 mi |
Comparing salaries near North Arkansas nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in North Arkansas nonmetropolitan area?
The median annual salary for a Project Management Specialists in North Arkansas nonmetropolitan area is $75,290. This typically ranges from $41,300 for entry-level positions to $115,340 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in North Arkansas nonmetropolitan area is 30.9% lower than the national median of $108,900.
Is North Arkansas nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to national averages.The average salary of $75,290 is substantially lower than the national average of $108,900, indicating less lucrative compensation. However, the cost of living is also at the national average, meaning the lower salary has equivalent purchasing power locally.
Is North Arkansas nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in North Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near North Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($80,910) and Hot Springs, AR.
How does the local workforce size affect Project Management Specialist jobs?
A local workforce of 270 Project Management Specialists suggests a smaller, more specialized talent pool. This can lead to less competition for roles but also potentially fewer openings compared to larger, more diverse labor markets.
What does a Location Quotient of 0.34 mean for job seekers?
A Location Quotient below 1.0, like 0.34, signifies that Project Management Specialists are less prevalent in North Arkansas than the national average. This implies a potentially less competitive job market but also a need to understand specific local industry demands.
How does the cost of living impact the perceived salary of a Project Management Specialist in North Arkansas?
With a Cost of Living Index of 100, the local purchasing power of the $75,290 salary is equivalent to the national average. This means that despite the lower nominal salary, the effective standard of living is comparable to the national benchmark.
Are there many Project Management Specialist jobs per capita in North Arkansas?
With 2.244 jobs per 1,000 workers, the density of Project Management Specialist roles is modest. This indicates a steady, but not overwhelming, demand for these professionals within the region's workforce structure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the North Arkansas nonmetropolitan area area with a job density of 2.244 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 North Arkansas nonmetropolitan area