Average Project Management Specialists Salary in Rockford, IL
Project Management Specialists in Rockford, Illinois, can expect an average annual salary of $88,130. This figure is notably below the national average of $108,900, reflecting regional economic factors and the specific demand within the local job market. While the nominal salary may seem lower, understanding the local cost of living is crucial for a complete financial picture.
Executive Summary
- Average Salary: $88,130 per year.
- Growth Trend: Salaries have shifted 3.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,170.
- Outlook: The Rockford, IL, job market for Project Management Specialists is characterized by a local workforce of 380 professionals. With a Location Quotient of 0.42, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national trends. The presence of 2.713 jobs per 1,000 workers indicates a steady, albeit modest, employment landscape for this profession.
Salary Overview
The average Project Management Specialists in Rockford, IL earns-19.1%below the national average.
$42.4
$1,695
$7,344
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Rockford's Project Management Specialist salaries over the past four years is not provided, it is generally assumed that compensation in this field has seen incremental growth, mirroring national trends. Economic recovery, increased project complexity, and the ongoing need for skilled management professionals likely contribute to a positive, albeit potentially moderate, upward trajectory in local earnings.
Project Management Specialists Salary Distribution in Rockford, IL
Salary progression for Project Management Specialists in Rockford, IL, typically scales with experience. Entry-level positions will naturally command lower salaries, while senior roles, requiring extensive expertise and a proven track record, will see significant increases. The percentile gaps between junior and senior roles highlight the substantial career advancement and earning potential available to those who develop their skills and take on greater responsibilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,460 | $24.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,098 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,480 | $37.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,163 | $53 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,170 | $62.1 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$88,130
Gross Pay
Real Wage (Purchasing Power)
$88,130
Adjusted for COL (100)
The average annual salary of $88,130 for Project Management Specialists in Rockford, IL, aligns precisely with the national average cost of living (Index 100). This means that, in terms of purchasing power, the Rockford salary offers a comparable standard of living to the national average. While the nominal salary is lower than the national average, the equivalent cost of living suggests that the take-home pay in Rockford may stretch further than in more expensive metropolitan areas.
Job Market Context
380
Total Jobs
2.713
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Rockford, 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.
With a Location Quotient of 0.42, Rockford, IL, has a lower concentration of Project Management Specialists compared to the national average. This indicates that the market is less saturated with these professionals, potentially offering a competitive advantage for skilled individuals seeking employment. However, it also suggests that the overall demand might be more limited than in areas with a higher concentration, requiring specialists to be more proactive in their job search.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Project Management Specialists Salary | $94,400↑ 7% | 30 mi |
| Madison, WI Project Management Specialists Salary | $96,390↑ 9% | 59 mi |
| Kenosha, WI Project Management Specialists Salary | $98,980↑ 12% | 65 mi |
| Racine-Mount Pleasant, WI Project Management Specialists Salary | $95,590↑ 8% | 71 mi |
| Chicago-Naperville-Elgin, IL-IN Project Management Specialists Salary | $111,740↑ 27% | 78 mi |
Comparing salaries near Rockford, IL
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Frequently Asked Questions
How much does a Project Management Specialists make in Rockford, IL?
The median annual salary for a Project Management Specialists in Rockford, IL is $88,130. This typically ranges from $50,460 for entry-level positions to $129,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Rockford, IL is 19.1% lower than the national median of $108,900.
Is Rockford, IL a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to the national average.The average salary of $88,130 is significantly lower than the national average of $108,900, although the cost of living is on par with the national average.
Is Rockford, IL a good place to live for Project Management Specialists?
The Cost of Living Index in Rockford, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Rockford, IL?
Some top paying nearby cities include Janesville-Beloit, WI ($94,400) and Madison, WI.
How does Rockford's cost of living compare nationally?
Rockford, IL, has a cost of living index of 100, which is exactly the national average. This means that the general price level for goods and services is comparable to the rest of the United States.
What is the concentration of Project Management Specialists in Rockford?
The concentration, measured by the Location Quotient, is 0.42, which is below the national average of 1.0. This suggests fewer Project Management Specialists per worker in Rockford compared to the nation.
How many Project Management Specialist jobs are there per 1,000 workers in Rockford?
There are approximately 2.713 Project Management Specialist jobs per 1,000 workers in Rockford, IL, indicating a moderate presence of these roles within the local employment landscape.
Is the job market for Project Management Specialists competitive in Rockford?
Given the below-average Location Quotient, the market is less concentrated, which could imply less direct competition for individual roles, but also potentially lower overall demand compared to national hubs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 380 employees in the Rockford, IL area with a job density of 2.713 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 Rockford, IL