Average Project Management Specialists Salary in Odessa, TX
Project Management Specialists in Odessa, TX, earn an average annual salary of $93,110. This figure is notably below the national average of $108,900, suggesting that local market dynamics, industry concentration, or specific demand factors in Odessa influence compensation levels for this role. The economic landscape of Odessa, TX, therefore, presents a unique compensation environment for these professionals.
Executive Summary
- Average Salary: $93,110 per year.
- Growth Trend: Salaries have shifted 4.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,150.
- Outlook: With a local workforce of 410 Project Management Specialists and a Location Quotient of 0.8, the job market in Odessa, TX, indicates a slightly lower concentration of these roles compared to the national average. While not indicating a saturated market, this suggests a stable but not exceptionally high demand, with 5.195 jobs per 1,000 workers.
Salary Overview
The average Project Management Specialists in Odessa, TX earns-14.5%below the national average.
$44.8
$1,791
$7,759
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Odessa, TX is not provided, it is generally assumed that salaries for Project Management Specialists have seen consistent growth over the past four years, mirroring national trends. This growth is typically driven by increasing project complexity, the need for skilled management, and inflation, suggesting that the $93,110 average may represent an upward trajectory.
Project Management Specialists Salary Distribution in Odessa, TX
Salary progression for Project Management Specialists in Odessa, TX, is expected to follow a typical career path, with entry-level positions commanding lower salaries and senior roles with extensive experience earning significantly more. The percentile gaps between different experience levels, though not detailed here, would signify substantial earning potential as professionals advance their careers and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,180 | $22.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,833 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $91,300 | $43.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,388 | $56 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,150 | $65 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$93,110
Gross Pay
Real Wage (Purchasing Power)
$93,110
Adjusted for COL (100)
The average annual salary of $93,110 for Project Management Specialists in Odessa, TX, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in Odessa is equivalent to the national average, offering a stable financial standing for professionals considering relocation or residing in the area.
Job Market Context
410
Total Jobs
5.195
Per 1K Jobs
0.8
Location Quotient
Odessa, TX has 0.80x the national average concentration of Project Management Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.8 for Project Management Specialists in Odessa, TX, signifies that the concentration of these professionals is slightly below the national average. This suggests that while the role is present and valued, the market is not as heavily saturated as in other regions, potentially offering a balanced competitive landscape for job seekers.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Midland, TX Project Management Specialists Salary | $103,820↑ 12% | 17 mi |
Comparing salaries near Odessa, TX
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Odessa, TX?
The median annual salary for a Project Management Specialists in Odessa, TX is $93,110. This typically ranges from $47,180 for entry-level positions to $135,150 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Odessa, TX is 14.5% lower than the national median of $108,900.
Is Odessa, TX a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to the national average.While the average salary of $93,110 is substantial, it falls below the national average of $108,900. However, the cost of living matching the national average offers equivalent purchasing power.
Is Odessa, TX a good place to live for Project Management Specialists?
The Cost of Living Index in Odessa, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Odessa, TX?
Some top paying nearby cities include Midland, TX ($103,820) and others.
How does the local workforce size affect job prospects?
A local workforce of 410 Project Management Specialists indicates a moderate presence. While not a large pool, it suggests a consistent need for these professionals within the Odessa, TX economy.
What does a Location Quotient of 0.8 mean for Project Management Specialists?
A Location Quotient of 0.8 means that Project Management Specialists are slightly less concentrated in Odessa, TX, compared to the national average. This could imply a less competitive job market but also potentially fewer specialized opportunities.
How does the cost of living impact the salary of Project Management Specialists in Odessa, TX?
With a Cost of Living Index of 100, the $93,110 salary in Odessa, TX, offers purchasing power equivalent to the national average, making it a stable financial environment.
Are there many Project Management Specialist jobs per capita in Odessa, TX?
With 5.195 jobs per 1,000 workers, Odessa, TX, has a moderate number of Project Management Specialist roles relative to its workforce size, indicating steady employment opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 410 employees in the Odessa, TX area with a job density of 5.195 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 Odessa, TX