Average Project Management Specialists Salary in Southern Indiana nonmetropolitan area
Project Management Specialists in Southern Indiana's nonmetropolitan areas earn an average annual salary of $88,800. This figure is notably below the national average of $108,900, reflecting the unique economic dynamics and potentially lower demand for specialized project management roles outside major urban centers. The compensation is influenced by the specific industry mix and the overall economic landscape of the region.
Executive Summary
- Average Salary: $88,800 per year.
- Growth Trend: Salaries have shifted 9.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $137,010.
- Outlook: The job market for Project Management Specialists in this Southern Indiana nonmetropolitan area appears relatively niche, with a total local workforce of 380 individuals in this role. The Location Quotient of 0.3 indicates a significantly lower concentration of these specialists compared to the national average, suggesting that while opportunities exist, they are not as abundant as in more metropolitan regions.
Salary Overview
The average Project Management Specialists in Southern Indiana nonmetropolitan area earns-18.5%below the national average.
$42.7
$1,708
$7,400
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area isn't detailed, it's reasonable to assume that salaries for Project Management Specialists have seen gradual growth over the past four years, mirroring national trends. Economic development initiatives and increased project complexity in various sectors likely contribute to a steady, albeit potentially modest, upward trajectory in compensation for skilled professionals in this field.
Project Management Specialists Salary Distribution in Southern Indiana nonmetropolitan area
Career progression for Project Management Specialists typically correlates with increased earning potential. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and a proven track record can command significantly higher salaries, often reaching the upper percentiles. The gap between entry-level and senior roles highlights the value placed on expertise, leadership, and successful project delivery.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $55,170 | $26.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,600 | $32 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $81,260 | $39.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $111,000 | $53.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $137,010 | $65.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$88,800
Gross Pay
Real Wage (Purchasing Power)
$88,800
Adjusted for COL (100)
The nominal average salary of $88,800 in Southern Indiana's nonmetropolitan areas aligns perfectly with the national average Cost of Living Index of 100. This means that while the take-home pay is lower than the national average for this role, the purchasing power of that salary is equivalent to the national average, offering a stable financial standing relative to the cost of goods and services in the region.
Job Market Context
380
Total Jobs
1.951
Per 1K Jobs
0.3
Location Quotient
At 0.30x, Southern Indiana 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.
A Location Quotient of 0.3 for Project Management Specialists in this Southern Indiana nonmetropolitan area signifies a market with a lower concentration of these professionals compared to the national benchmark. This suggests that the job market may be less saturated, potentially offering a unique advantage for skilled individuals, but also indicating a potentially smaller pool of available positions and specialized opportunities.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Project Management Specialists Salary | $97,480↑ 10% | 8 mi |
| Kokomo, IN Project Management Specialists Salary | $81,980↓ 8% | 43 mi |
| Columbus, IN Project Management Specialists Salary | $102,930↑ 16% | 48 mi |
| Bloomington, IN Project Management Specialists Salary | $107,660↑ 21% | 49 mi |
| Lafayette-West Lafayette, IN Project Management Specialists Salary | $87,990↓ 1% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Southern Indiana nonmetropolitan area?
The median annual salary for a Project Management Specialists in Southern Indiana nonmetropolitan area is $88,800. This typically ranges from $55,170 for entry-level positions to $137,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 18.5% lower than the national median of $108,900.
Is Southern Indiana nonmetropolitan area a lucrative place for Project Management Specialists?
No, not when compared to national averages.While the cost of living is average, the nominal salary for Project Management Specialists is significantly lower than the national average, indicating less lucrative compensation in this specific region.
Is Southern Indiana nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($97,480) and Kokomo, IN.
How does the local workforce size affect job prospects?
A local workforce of 380 Project Management Specialists suggests a relatively small and specialized job market, which could mean fewer openings but potentially less competition for experienced candidates.
What does a Location Quotient of 0.3 mean for Project Management Specialists?
A Location Quotient of 0.3 indicates that Project Management Specialists are less concentrated in this area than the national average, implying a lower demand or a smaller industry presence for this specific role.
How does the Cost of Living Index impact the $88,800 salary?
With a Cost of Living Index of 100, the $88,800 salary has the same purchasing power as the national average, meaning your earnings will stretch similarly to what they would elsewhere in the country, despite the lower nominal wage.
Are there many Project Management Specialist jobs per 1,000 workers in Southern Indiana?
With 1.951 jobs per 1,000 workers, the availability of Project Management Specialist roles is relatively modest, aligning with the lower concentration indicated by the Location Quotient.
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 Southern Indiana nonmetropolitan area area with a job density of 1.951 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 Southern Indiana nonmetropolitan area