Average Project Management Specialists Salary in Northern Vermont nonmetropolitan area
Project Management Specialists in the Northern Vermont nonmetropolitan area earn an average annual salary of $88,330. This figure is notably below the national average of $108,900. The lower compensation in this region is often attributed to a combination of factors, including a smaller market size and potentially different industry demands compared to more densely populated or economically dynamic areas.
Executive Summary
- Average Salary: $88,330 per year.
- Growth Trend: Salaries have shifted 3.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $123,820.
- Outlook: The job market for Project Management Specialists in Northern Vermont appears to be relatively niche, with a total local workforce of 200 individuals. The Location Quotient of 0.34 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, they are not as abundant as in other regions. The rate of 2.246 jobs per 1,000 workers further reinforces this, pointing to a stable but not rapidly expanding demand for these professionals.
Salary Overview
The average Project Management Specialists in Northern Vermont nonmetropolitan area earns-18.9%below the national average.
$42.5
$1,699
$7,361
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Northern Vermont's Project Management Specialists is not provided, it is reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic shifts and increasing demand for project management expertise across various sectors likely contribute to incremental salary increases, even in nonmetropolitan areas, as organizations strive to retain skilled talent.
Project Management Specialists Salary Distribution in Northern Vermont nonmetropolitan area
Salary progression for Project Management Specialists in Northern Vermont typically scales with experience. Entry-level positions might start closer to the lower end of the pay scale, while senior roles, requiring extensive experience and a proven track record, command significantly higher salaries. The percentile gaps in compensation clearly signify career progression, rewarding individuals who demonstrate advanced skills, leadership capabilities, and successful project delivery.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,450 | $28.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,248 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,560 | $38.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,413 | $53.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $123,820 | $59.5 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$88,330
Gross Pay
Real Wage (Purchasing Power)
$88,330
Adjusted for COL (100)
The nominal salary of $88,330 in Northern Vermont aligns precisely with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average for this profession, the purchasing power of that salary locally is equivalent to the national average. Therefore, the perceived value of the salary is directly comparable to living expenses across the country.
Job Market Context
200
Total Jobs
2.246
Per 1K Jobs
0.34
Location Quotient
At 0.34x, Northern Vermont 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.
With a Location Quotient of 0.34, the job market for Project Management Specialists in Northern Vermont is less concentrated than the national average. This suggests that the supply of these specialists may be lower relative to demand compared to national benchmarks, potentially offering some leverage to experienced professionals. However, the overall smaller workforce size also implies fewer opportunities and potentially less competition for available roles.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Burlington-South Burlington, VT Project Management Specialists Salary | $94,860↑ 7% | 40 mi |
| Glens Falls, NY Project Management Specialists Salary | $93,840↑ 6% | 69 mi |
| Central New Hampshire nonmetropolitan area Project Management Specialists Salary | $87,790↓ 1% | 70 mi |
| Northern New Hampshire nonmetropolitan area Project Management Specialists Salary | $84,690↓ 4% | 70 mi |
| Southwestern New Hampshire nonmetropolitan area Project Management Specialists Salary | $83,610↓ 5% | 70 mi |
Comparing salaries near Northern Vermont nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Northern Vermont nonmetropolitan area?
The median annual salary for a Project Management Specialists in Northern Vermont nonmetropolitan area is $88,330. This typically ranges from $59,450 for entry-level positions to $123,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern Vermont nonmetropolitan area is 18.9% lower than the national median of $108,900.
Is Northern Vermont nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to the national average.While the Cost of Living is at the national average, the average salary for Project Management Specialists is significantly lower than the national average, indicating less lucrative compensation in this region.
Is Northern Vermont nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Northern Vermont nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern Vermont nonmetropolitan area?
Some top paying nearby cities include Burlington-South Burlington, VT ($94,860) and Glens Falls, NY.
How does the local workforce size affect job prospects?
A smaller local workforce of 200 Project Management Specialists suggests a more concentrated talent pool, which could mean fewer job openings but also potentially less competition for those roles.
What does a Location Quotient of 0.34 mean for Project Management Specialists?
A Location Quotient of 0.34 indicates that Project Management Specialists are less concentrated in Northern Vermont compared to the national average, suggesting fewer specialized roles relative to the overall economy.
How does the Cost of Living in Northern Vermont compare nationally?
Northern Vermont's Cost of Living Index is 100, which is exactly the national average, meaning that the general cost of goods and services is neither higher nor lower than the typical U.S. location.
What is the average number of Project Management Specialist jobs per 1,000 workers in this area?
There are approximately 2.246 Project Management Specialist jobs per 1,000 workers in Northern Vermont, indicating a moderate presence of these roles within the local labor market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 200 employees in the Northern Vermont nonmetropolitan area area with a job density of 2.246 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 Northern Vermont nonmetropolitan area