Average Project Management Specialists Salary in Peoria, IL
Project Management Specialists in Peoria, IL earn an average annual salary of $98,460. This figure is notably below the national average of $108,900, suggesting that local market dynamics and potentially a lower demand for specialized project management roles influence compensation in this Illinois city. The specific economic landscape of Peoria shapes the earning potential for these professionals.
Executive Summary
- Average Salary: $98,460 per year.
- Growth Trend: Salaries have shifted 7.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $148,820.
- Outlook: The Project Management Specialist job market in Peoria, IL, is characterized by a local workforce of 430 professionals. With a Location Quotient of 0.4, the concentration of these roles is significantly lower than the national average, indicating a less saturated but potentially less robust demand compared to other regions. The presence of 2.618 jobs per 1,000 workers suggests a moderate but not overwhelming need for these specialists.
Salary Overview
The average Project Management Specialists in Peoria, IL earns-9.6%below the national average.
$47.3
$1,893
$8,205
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Peoria is not provided, it is generally assumed that salaries for Project Management Specialists, like many professions, have experienced a steady upward trend over the past four years. This growth is typically driven by inflation, increasing demand for project management expertise across industries, and the evolving complexity of projects requiring skilled oversight.
Project Management Specialists Salary Distribution in Peoria, IL
Salary progression for Project Management Specialists in Peoria, IL, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive project portfolios and leadership experience can expect to earn significantly more. The percentile gaps in salary distribution clearly signify the career trajectory and increased earning potential as one advances from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,610 | $26.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $73,845 | $35.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $94,980 | $45.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $123,075 | $59.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $148,820 | $71.5 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$98,460
Gross Pay
Real Wage (Purchasing Power)
$98,460
Adjusted for COL (100)
The nominal average salary of $98,460 for Project Management Specialists in Peoria, IL, aligns perfectly with the national average cost of living, as indicated by the Cost of Living Index of 100. This means that the purchasing power of a Project Management Specialist's salary in Peoria is equivalent to the national average, offering a stable financial environment without the premium often associated with higher cost-of-living areas.
Job Market Context
430
Total Jobs
2.618
Per 1K Jobs
0.4
Location Quotient
At 0.40x, Peoria, IL has a notably lower concentration of Project Management Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.4 for Project Management Specialists in Peoria, IL, indicates that the concentration of these roles is less than half of the national average. This suggests that the job market is not particularly abundant with these specialists relative to other occupations in the area, potentially making it less competitive for job seekers but also implying a more specialized or niche demand within the local economy.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Bloomington, IL Project Management Specialists Salary | $98,550↑ 0% | 39 mi |
| West Central Illinois nonmetropolitan area Project Management Specialists Salary | $93,380↓ 5% | 43 mi |
| East Central Illinois nonmetropolitan area Project Management Specialists Salary | $84,570↓ 14% | 43 mi |
| Northwest Illinois nonmetropolitan area Project Management Specialists Salary | $99,040↑ 1% | 43 mi |
| South Illinois nonmetropolitan area Project Management Specialists Salary | $88,340↓ 10% | 43 mi |
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Project Management Specialists make in Peoria, IL?
The median annual salary for a Project Management Specialists in Peoria, IL is $98,460. This typically ranges from $54,610 for entry-level positions to $148,820 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 9.6% lower than the national median of $108,900.
Is Peoria, IL a lucrative place for Project Management Specialists?
No, not particularly lucrative compared to the national average.While the cost of living is average, the Project Management Specialist salary in Peoria is below the national average. The lower Location Quotient also suggests less concentrated demand for these roles.
Is Peoria, IL a good place to live for Project Management Specialists?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include Bloomington, IL ($98,550) and West Central Illinois nonmetropolitan area.
How does Peoria's cost of living compare to the national average for Project Management Specialists?
Peoria, IL, has a Cost of Living Index of 100, which is exactly the national average. This means that the purchasing power of a Project Management Specialist's salary in Peoria is on par with the national average.
What is the concentration of Project Management Specialists in Peoria, IL?
The concentration of Project Management Specialists in Peoria, IL, is indicated by a Location Quotient of 0.4. This means the density of these professionals in Peoria is less than half of the national average.
How many Project Management Specialists are there in Peoria, IL?
There are approximately 430 Project Management Specialists employed in Peoria, IL, contributing to the local workforce.
Are Project Management Specialist jobs common in Peoria, IL?
Project Management Specialist jobs are present in Peoria, IL, with 2.618 jobs per 1,000 workers, but their concentration is lower than the national average, suggesting they are not as widespread as in other metropolitan areas.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Peoria, IL area with a job density of 2.618 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 Peoria, IL