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Average Project Management Specialists Salary in Palm Bay-Melbourne-Titusville, FL

Project Management Specialists in the Palm Bay-Melbourne-Titusville, FL area earn an impressive average annual salary of $113,530. This figure notably surpasses the national average of $108,900, indicating a localized demand and compensation structure that favors these professionals. The specific economic drivers and industry concentrations within this Florida region contribute to this elevated pay scale.

Executive Summary

  • Average Salary: $113,530 per year.
  • Growth Trend: Salaries have shifted 9.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $168,870.
  • Outlook: With a local workforce of 2,280 Project Management Specialists, the Palm Bay-Melbourne-Titusville area demonstrates a significant concentration of talent. The Location Quotient of 1.44 suggests that this profession is more prevalent here than the national average, pointing to a robust and potentially growing job market for these specialists.
2024 Market Data

Salary Overview

$113,530

The average Project Management Specialists in Palm Bay-Melbourne-Titusville, FL earns+4.3%above the national average.

BreakdownBased on 40h/week
Hourly

$54.6

Weekly

$2,183

Monthly

$9,461

Project Management Specialists Salary Distribution in Palm Bay-Melbourne-Titusville, FL

Salary progression for Project Management Specialists is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record in leading complex projects can expect significantly higher earnings. The percentile gaps in salary data, though not detailed here, would signify the substantial financial rewards available for career advancement into senior and lead roles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$60,040$28.9
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$85,148$40.9
ManagerOversees team, compliance, and project delivery.50% (Median)$103,320$49.7
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$141,913$68.2
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$168,870$81.2

Detailed Project Management Specialists Market Analysis

Relocation Context

Nominal Salary

$113,530

Gross Pay

Real Wage (Purchasing Power)

$113,530

Adjusted for COL (100)

The average annual salary of $113,530 in Palm Bay-Melbourne-Titusville aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Project Management Specialist's salary in this area is equivalent to the national standard, offering a stable financial environment without the added pressure of higher living expenses.

Job Market Context

2,280

Total Jobs

9.423

Per 1K Jobs

1.44

Location Quotient

Above Average

With a location quotient of 1.44, Palm Bay-Melbourne-Titusville, FL has a slightly higher-than-average concentration of Project Management Specialists roles compared to the national norm.

A Location Quotient of 1.44 for Project Management Specialists in Palm Bay-Melbourne-Titusville signifies a market with a higher concentration of these roles compared to the national average. This suggests a competitive yet abundant job market, where demand likely outstrips the general national prevalence, offering good opportunities for skilled professionals.

Nearby Job Markets

Nearby Cities for Project Management Specialists

CitySalaryDist.
Sebastian-Vero Beach-West Vero Corridor, FL Project Management Specialists Salary$90,380↓ 20%17 mi
Port St. Lucie, FL Project Management Specialists Salary$98,550↓ 13%50 mi
Sebring, FL Project Management Specialists Salary$83,360↓ 27%59 mi
Orlando-Kissimmee-Sanford, FL Project Management Specialists Salary$105,170↓ 7%59 mi
North Florida nonmetropolitan area Project Management Specialists Salary$100,900↓ 11%64 mi

Comparing salaries near Palm Bay-Melbourne-Titusville, FL

Hiring Project Management Specialistss?

Frequently Asked Questions

How much does a Project Management Specialists make in Palm Bay-Melbourne-Titusville, FL?

The median annual salary for a Project Management Specialists in Palm Bay-Melbourne-Titusville, FL is $113,530. This typically ranges from $60,040 for entry-level positions to $168,870 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 4.3% higher than the national median of $108,900.

Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Project Management Specialists?

Yes, it is a lucrative location.Project Management Specialists in this area earn above the national average salary, and the cost of living is exactly at the national average, enhancing their earning potential.

Is Palm Bay-Melbourne-Titusville, FL a good place to live for Project Management Specialists?

The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?

Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($90,380) and Port St. Lucie, FL.

How does the local salary compare to the national average?

The average annual salary for Project Management Specialists in Palm Bay-Melbourne-Titusville, FL is $113,530, which is higher than the national average of $108,900.

What is the significance of the Location Quotient (LQ) of 1.44?

An LQ of 1.44 indicates that Project Management Specialists are 44% more concentrated in the Palm Bay-Melbourne-Titusville area than in the average U.S. location, suggesting a strong presence and demand for these roles.

Does the cost of living affect the perceived salary?

No, the cost of living in Palm Bay-Melbourne-Titusville is 100, which is the national average. This means the $113,530 salary has the same purchasing power as the national average salary.

How many Project Management Specialists are employed in this area?

There are approximately 2,280 Project Management Specialists employed within the Palm Bay-Melbourne-Titusville, FL metropolitan area.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,280 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 9.423 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Top Jobs in Palm Bay-Melbourne-Titusville, FL

Semantic Salary Analysis for Project Management Specialists • Data source: BLS OEWS 2024 •Jobs in Palm Bay-Melbourne-Titusville, FL