Average Project Management Specialists Salary in Northwest Colorado nonmetropolitan area
Project Management Specialists in the Northwest Colorado nonmetropolitan area are earning an impressive average annual salary of $109,320. This figure slightly surpasses the national average of $108,900, indicating a strong demand for these professionals in the region. The localized pay structure likely reflects the specialized needs and potentially higher operational costs associated with managing projects in this unique geographic setting.
Executive Summary
- Average Salary: $109,320 per year.
- Growth Trend: Salaries have shifted 32.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $159,990.
- Outlook: With a total local workforce of 1,250 Project Management Specialists, the region demonstrates a significant concentration of talent. The Location Quotient of 1.45 suggests that this area employs a proportionally higher number of these specialists compared to the national average, signaling robust demand and a healthy job market for experienced professionals.
Salary Overview
The average Project Management Specialists in Northwest Colorado nonmetropolitan area earns+0.4%above the national average.
$52.6
$2,102
$9,110
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 Northwest Colorado have seen consistent growth over the past four years, mirroring national trends. Factors such as increasing project complexity, inflation, and the growing need for skilled project leadership likely contribute to upward salary adjustments in this sector.
Project Management Specialists Salary Distribution in Northwest Colorado nonmetropolitan area
The salary landscape for Project Management Specialists typically shows a clear progression with experience. Entry-level positions might start at a lower percentile, while senior roles command significantly higher compensation. The widening gap between the 25th and 75th percentiles, and further to the 90th percentile, signifies substantial opportunities for career advancement and increased earning potential for those who develop specialized skills and leadership capabilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,900 | $28.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $81,990 | $39.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,760 | $48 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $136,650 | $65.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $159,990 | $76.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$109,320
Gross Pay
Real Wage (Purchasing Power)
$109,320
Adjusted for COL (100)
The average annual salary of $109,320 in Northwest Colorado aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a Project Management Specialist's salary in this region is equivalent to that of their national counterparts, offering a stable financial outlook without the burden of significantly higher living expenses.
Job Market Context
1,250
Total Jobs
9.446
Per 1K Jobs
1.45
Location Quotient
With a location quotient of 1.45, Northwest Colorado nonmetropolitan area has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.
A Location Quotient of 1.45 for Project Management Specialists in Northwest Colorado indicates a market that is 45% more concentrated than the national average. This suggests a higher demand relative to the general workforce, making it a potentially favorable environment for job seekers, though competition among specialists may also be elevated.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Project Management Specialists Salary | $112,170↑ 3% | 32 mi |
| Denver-Aurora-Centennial, CO Project Management Specialists Salary | $118,210↑ 8% | 54 mi |
| Pueblo, CO Project Management Specialists Salary | $95,250↓ 13% | 66 mi |
| Boulder, CO Project Management Specialists Salary | $127,600↑ 17% | 67 mi |
| Greeley, CO Project Management Specialists Salary | $101,050↓ 8% | 98 mi |
Comparing salaries near Northwest Colorado nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Northwest Colorado nonmetropolitan area?
The median annual salary for a Project Management Specialists in Northwest Colorado nonmetropolitan area is $109,320. This typically ranges from $59,900 for entry-level positions to $159,990 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Colorado nonmetropolitan area is 0.4% higher than the national median of $108,900.
Is Northwest Colorado nonmetropolitan area a lucrative place for Project Management Specialists?
Yes, it is a lucrative area for Project Management Specialists.The average salary of $109,320 slightly exceeds the national average, and the cost of living is on par with the national average, offering strong purchasing power.
Is Northwest Colorado nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Northwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($112,170) and Denver-Aurora-Centennial, CO.
How does the number of Project Management Specialists in Northwest Colorado compare nationally?
Northwest Colorado has 9.446 Project Management Specialists per 1,000 workers, which is higher than the national average, as indicated by a Location Quotient of 1.45.
What is the significance of the Location Quotient (LQ) for this role?
An LQ of 1.45 means that Project Management Specialists are more concentrated in Northwest Colorado than the national average, suggesting a higher demand or a specialized industry presence.
Does the cost of living affect the value of a Project Management Specialist's salary in this area?
No, the cost of living index is 100, matching the national average. Therefore, the $109,320 salary has the same relative purchasing power as the national average salary.
What does the total local workforce number imply for job seekers?
A workforce of 1,250 Project Management Specialists indicates a substantial local pool of professionals, suggesting a mature market with potential opportunities but also competition.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,250 employees in the Northwest Colorado nonmetropolitan area area with a job density of 9.446 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 Northwest Colorado nonmetropolitan area