Average Project Management Specialists Salary in Northwest Illinois nonmetropolitan area
Project Management Specialists in the Northwest Illinois nonmetropolitan area earn an average annual salary of $99,040. This figure is notably below the national average of $108,900, reflecting the unique economic dynamics and potentially lower demand for specialized project management roles outside of major metropolitan hubs. The specific economic landscape of this region influences compensation levels for these critical positions.
Executive Summary
- Average Salary: $99,040 per year.
- Growth Trend: Salaries have shifted 3.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $155,070.
- Outlook: The Project Management Specialist job market in Northwest Illinois is characterized by a modest local workforce of 250 professionals. With a Location Quotient of 0.29, the concentration of these roles is significantly lower than the national average, suggesting a less saturated but potentially less robust demand compared to more populous areas. The presence of 1.915 jobs per 1,000 workers indicates a steady, albeit not overwhelming, need for these skills within the region.
Salary Overview
The average Project Management Specialists in Northwest Illinois nonmetropolitan area earns-9.1%below the national average.
$47.6
$1,905
$8,253
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is reasonable to assume that salaries for Project Management Specialists in Northwest Illinois have seen gradual growth over the past four years, mirroring national trends. Economic development and increased project complexity in various sectors likely contribute to a steady upward trajectory in compensation, even if at a more conservative pace than in major urban centers.
Project Management Specialists Salary Distribution in Northwest Illinois nonmetropolitan area
Salary progression for Project Management Specialists typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive project portfolios and leadership experience can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles signifies clear career advancement opportunities and increased earning potential as expertise and responsibilities grow.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,860 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $74,280 | $35.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $89,390 | $43 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,800 | $59.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $155,070 | $74.6 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$99,040
Gross Pay
Real Wage (Purchasing Power)
$99,040
Adjusted for COL (100)
The average annual salary of $99,040 in Northwest Illinois aligns perfectly with the national average cost of living, indicated by an index of 100. This means that the purchasing power of a Project Management Specialist's salary in this region is equivalent to the national average. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home value of the salary is maintained, offering a stable financial standing.
Job Market Context
250
Total Jobs
1.915
Per 1K Jobs
0.29
Location Quotient
At 0.29x, Northwest Illinois 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 0.29, Northwest Illinois has a considerably lower concentration of Project Management Specialists compared to the national average. This indicates that the job market is less competitive and potentially offers more opportunities for skilled professionals seeking roles. The lower concentration suggests that employers may actively seek out talent, as the supply of local specialists is relatively scarce.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Project Management Specialists Salary | $98,550↓ 0% | 9 mi |
| Decatur, IL Project Management Specialists Salary | $109,340↑ 10% | 34 mi |
| Champaign-Urbana, IL Project Management Specialists Salary | $88,570↓ 11% | 41 mi |
| Peoria, IL Project Management Specialists Salary | $98,460↓ 1% | 43 mi |
| Springfield, IL Project Management Specialists Salary | $90,370↓ 9% | 53 mi |
Comparing salaries near Northwest Illinois nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Northwest Illinois nonmetropolitan area?
The median annual salary for a Project Management Specialists in Northwest Illinois nonmetropolitan area is $99,040. This typically ranges from $49,860 for entry-level positions to $155,070 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northwest Illinois nonmetropolitan area is 9.1% lower than the national median of $108,900.
Is Northwest Illinois nonmetropolitan area a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to national averages.While the average salary of $99,040 is substantial, it falls below the national average, and the cost of living is also at the national average. This means the purchasing power is on par, but the absolute earning potential is lower than the national benchmark.
Is Northwest Illinois nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Northwest Illinois nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northwest Illinois nonmetropolitan area?
Some top paying nearby cities include Bloomington, IL ($98,550) and Decatur, IL.
How does the local workforce size affect job prospects?
A smaller local workforce of 250 Project Management Specialists suggests a less saturated market, which could translate to more direct opportunities for individuals entering or already established in the field within the region.
What does a Location Quotient of 0.29 signify?
A Location Quotient of 0.29 means that Project Management Specialists are less concentrated in Northwest Illinois than the national average. This implies fewer specialists per capita, potentially leading to higher demand for qualified candidates.
How does the cost of living impact the salary?
With a Cost of Living Index of 100, the $99,040 salary in Northwest Illinois offers the same purchasing power as the national average salary. This means your earnings will stretch as far locally as they would nationally, despite being below the national average salary figure.
Are there many Project Management Specialist jobs per 1,000 workers in this area?
There are 1.915 Project Management Specialist jobs per 1,000 workers in Northwest Illinois, indicating a moderate level of employment for this profession within the regional workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the Northwest Illinois nonmetropolitan area area with a job density of 1.915 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 Illinois nonmetropolitan area