Average Project Management Specialists Salary in Paducah, KY-IL
In Paducah, KY-IL, Project Management Specialists earn an average annual salary of $88,780. This figure is notably below the national average of $108,900, reflecting regional economic factors and the specific demand dynamics within the local market. While the national trend may indicate higher compensation, local market conditions and the concentration of these roles play a significant part in determining the prevailing wage.
Executive Summary
- Average Salary: $88,780 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $160,470.
- Outlook: The Project Management Specialist job market in Paducah, KY-IL, is characterized by a local workforce of 250 professionals. With a Location Quotient of 0.74, the concentration of these roles is slightly below the national average, suggesting a moderate but not overwhelmingly saturated market. The presence of approximately 4.85 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these specialized skills within the region.
Salary Overview
The average Project Management Specialists in Paducah, KY-IL earns-18.5%below the national average.
$42.7
$1,707
$7,398
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Paducah, KY-IL is not provided, it is reasonable to assume that salaries for Project Management Specialists have experienced growth over the past four years, mirroring national trends. Economic recovery, increased project complexity, and the ongoing need for skilled management professionals likely contribute to a gradual upward trajectory in compensation, even in localized markets.
Project Management Specialists Salary Distribution in Paducah, KY-IL
Salary progression for Project Management Specialists in Paducah, KY-IL, typically scales with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record can command salaries significantly higher than the average. The gap between the 25th percentile (entry-level) and the 75th percentile (senior roles) signifies substantial career growth opportunities and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,340 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,585 | $32 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,240 | $37.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,975 | $53.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $160,470 | $77.1 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$88,780
Gross Pay
Real Wage (Purchasing Power)
$88,780
Adjusted for COL (100)
The nominal average salary of $88,780 in Paducah, KY-IL, aligns perfectly with the national average cost of living, indicated by an index of 100. This means that while the salary is lower than the national average, the purchasing power of that income is equivalent to the national standard. Therefore, relocating to Paducah for this role does not present a disadvantage in terms of cost of living relative to income.
Job Market Context
250
Total Jobs
4.848
Per 1K Jobs
0.74
Location Quotient
Paducah, KY-IL has 0.74x 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.
With a Location Quotient of 0.74, Paducah, KY-IL, has a slightly lower concentration of Project Management Specialists compared to the national average. This suggests that while the role is present and valued, the market is not as saturated as in some other regions. This could translate to a more competitive environment for job seekers, but also potentially more opportunities for those with specialized skills to stand out.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Cape Girardeau, MO-IL Project Management Specialists Salary | $82,950↓ 7% | 53 mi |
| Clarksville, TN-KY Project Management Specialists Salary | $83,130↓ 6% | 80 mi |
| Evansville, IN Project Management Specialists Salary | $90,040↑ 1% | 88 mi |
| Owensboro, KY Project Management Specialists Salary | $87,890↓ 1% | 96 mi |
| Jackson, TN Project Management Specialists Salary | $86,570↓ 2% | 99 mi |
Comparing salaries near Paducah, KY-IL
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Frequently Asked Questions
How much does a Project Management Specialists make in Paducah, KY-IL?
The median annual salary for a Project Management Specialists in Paducah, KY-IL is $88,780. This typically ranges from $49,340 for entry-level positions to $160,470 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Paducah, KY-IL is 18.5% lower than the national median of $108,900.
Is Paducah, KY-IL a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to the national average.The average salary of $88,780 is below the national average of $108,900, although the cost of living is also at the national average, mitigating the impact on purchasing power.
Is Paducah, KY-IL a good place to live for Project Management Specialists?
The Cost of Living Index in Paducah, KY-IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Paducah, KY-IL?
Some top paying nearby cities include Cape Girardeau, MO-IL ($82,950) and Clarksville, TN-KY.
How does the cost of living in Paducah, KY-IL compare nationally?
The cost of living index in Paducah, KY-IL, is 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What is the concentration of Project Management Specialists in Paducah, KY-IL?
The concentration, measured by the Location Quotient, is 0.74, indicating that Project Management Specialists are slightly less prevalent in Paducah compared to the national average.
How many Project Management Specialists are there in Paducah, KY-IL?
The total local workforce for Project Management Specialists in Paducah, KY-IL, is approximately 250 individuals.
Are there many job openings for Project Management Specialists in Paducah, KY-IL?
There are approximately 4.85 jobs per 1,000 workers in Paducah, KY-IL, for Project Management Specialists, suggesting a steady but not overwhelming demand for these roles.
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 Paducah, KY-IL area with a job density of 4.848 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 Paducah, KY-IL