Average Project Management Specialists Salary in South Arkansas nonmetropolitan area
Project Management Specialists in the South Arkansas nonmetropolitan area earn an average annual salary of $81,280. This figure is notably below the national average of $108,900, reflecting the distinct economic landscape and demand dynamics characteristic of nonmetropolitan regions. Localized economic factors and industry concentration significantly influence compensation levels in this area.
Executive Summary
- Average Salary: $81,280 per year.
- Growth Trend: Salaries have shifted 2.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,620.
- Outlook: The job market for Project Management Specialists in South Arkansas, with a total local workforce of 280, indicates a niche presence. The low Location Quotient of 0.36 suggests that this role is less concentrated here compared to the national average, implying a potentially smaller but stable demand within specific local industries. The 2.33 jobs per 1,000 workers metric further underscores the specialized nature of this employment sector in the region.
Salary Overview
The average Project Management Specialists in South Arkansas nonmetropolitan area earns-25.4%below the national average.
$39.1
$1,563
$6,773
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Project Management Specialists in South Arkansas is not provided, it is reasonable to assume a general upward trend in salaries over the past four years, mirroring national economic growth and increasing demand for skilled project managers. This growth is likely driven by the need for efficient project execution across various sectors, even in nonmetropolitan areas, leading to incremental salary adjustments to attract and retain talent.
Project Management Specialists Salary Distribution in South Arkansas nonmetropolitan area
Salary progression for Project Management Specialists typically scales with experience. Entry-level positions may start at the lower end of the pay scale, while senior roles, demanding extensive expertise and a proven track record, command significantly higher compensation. The percentile gaps in salary distribution within South Arkansas would signify the potential for career advancement and increased earning power as professionals gain more experience and take on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $43,190 | $20.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $60,960 | $29.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $67,410 | $32.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $101,600 | $48.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,620 | $66.2 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$81,280
Gross Pay
Real Wage (Purchasing Power)
$81,280
Adjusted for COL (100)
The nominal average salary of $81,280 for Project Management Specialists in South Arkansas aligns perfectly with the national average Cost of Living Index of 100. This means that while the salary is lower than the national average, the purchasing power of that salary is equivalent to the national average, as the cost of goods and services locally is not inflated.
Job Market Context
280
Total Jobs
2.33
Per 1K Jobs
0.36
Location Quotient
At 0.36x, South Arkansas nonmetropolitan area 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 0.36, the market for Project Management Specialists in South Arkansas is relatively underdeveloped compared to national benchmarks. This indicates that the concentration of these roles is significantly lower than the national average, suggesting a less competitive environment for job seekers but also potentially fewer opportunities compared to more concentrated metropolitan areas.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR Project Management Specialists Salary | $80,910↓ 0% | 17 mi |
| Hot Springs, AR Project Management Specialists Salary | $74,800↓ 8% | 51 mi |
Comparing salaries near South Arkansas nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in South Arkansas nonmetropolitan area?
The median annual salary for a Project Management Specialists in South Arkansas nonmetropolitan area is $81,280. This typically ranges from $43,190 for entry-level positions to $137,620 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Arkansas nonmetropolitan area is 25.4% lower than the national median of $108,900.
Is South Arkansas nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to the national average.The average salary of $81,280 is substantially lower than the national average of $108,900, indicating less lucrative compensation. However, the cost of living is also at the national average, meaning the lower salary has equivalent purchasing power locally.
Is South Arkansas nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in South Arkansas nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Arkansas nonmetropolitan area?
Some top paying nearby cities include Little Rock-North Little Rock-Conway, AR ($80,910) and Hot Springs, AR.
How does the local workforce size affect Project Management Specialist jobs?
A local workforce of 280 suggests a smaller, more specialized job market for Project Management Specialists. This can mean fewer overall positions but potentially less competition for those roles.
What does a Location Quotient of 0.36 mean for Project Management Specialists?
A Location Quotient of 0.36 signifies that Project Management Specialists are less concentrated in South Arkansas than the national average. This implies the demand is more localized and potentially tied to specific regional industries.
How does the Cost of Living Index impact the $81,280 salary?
With a Cost of Living Index of 100, the $81,280 salary offers purchasing power equivalent to the national average. This means that while the nominal pay is lower, the local expenses do not disproportionately reduce its value.
Are there many Project Management Specialist jobs per 1,000 workers in South Arkansas?
There are 2.33 Project Management Specialist jobs per 1,000 workers, which is a relatively low number, indicating a specialized demand rather than widespread employment in this field within the region.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the South Arkansas nonmetropolitan area area with a job density of 2.33 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 South Arkansas nonmetropolitan area