Average Project Management Specialists Salary in Southwest Colorado nonmetropolitan area
Project Management Specialists in the Southwest Colorado nonmetropolitan area earn an average annual salary of $103,400. This figure is slightly below the national average of $108,900, a common occurrence in nonmetropolitan regions where the demand and cost structures can differ from larger urban centers. Local economic factors and industry concentration play a significant role in shaping compensation for these vital roles.
Executive Summary
- Average Salary: $103,400 per year.
- Growth Trend: Salaries have shifted 28.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $145,860.
- Outlook: With a local workforce of 530 Project Management Specialists, the job market in Southwest Colorado demonstrates a stable presence. The Location Quotient of 0.76 indicates a slightly lower concentration of these professionals compared to the national average, suggesting a potentially less saturated but still present demand for project management expertise within the region's economic landscape.
Salary Overview
The average Project Management Specialists in Southwest Colorado nonmetropolitan area earns-5.1%below the national average.
$49.7
$1,988
$8,617
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this precise nonmetropolitan area is not provided, it is reasonable to assume that salaries for Project Management Specialists have experienced growth over the past four years, mirroring national trends. Economic development and the increasing complexity of projects across various sectors typically drive up demand and, consequently, compensation for skilled project managers.
Project Management Specialists Salary Distribution in Southwest Colorado nonmetropolitan area
Career progression for Project Management Specialists typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and leadership experience can command salaries in the upper percentiles, often exceeding $120,000 annually. These percentile gaps clearly signify the value placed on accumulated expertise and successful project delivery.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,950 | $29.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,550 | $37.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $96,900 | $46.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,250 | $62.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $145,860 | $70.1 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$103,400
Gross Pay
Real Wage (Purchasing Power)
$103,400
Adjusted for COL (100)
The average annual salary of $103,400 in Southwest Colorado aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Project Management Specialist's salary in this region is equivalent to that of someone earning the national average in a typical U.S. location, offering a stable financial footing.
Job Market Context
530
Total Jobs
4.938
Per 1K Jobs
0.76
Location Quotient
Southwest Colorado nonmetropolitan area has 0.76x the national average concentration of Project Management Specialists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.76 suggests that Project Management Specialists are somewhat less concentrated in Southwest Colorado compared to the national average. This indicates that while the profession is present and valued, the market may not be oversaturated, potentially offering good opportunities for skilled professionals seeking roles in this nonmetropolitan setting.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Colorado Springs, CO Project Management Specialists Salary | $112,170↑ 8% | 32 mi |
| Denver-Aurora-Centennial, CO Project Management Specialists Salary | $118,210↑ 14% | 54 mi |
| Pueblo, CO Project Management Specialists Salary | $95,250↓ 8% | 66 mi |
| Boulder, CO Project Management Specialists Salary | $127,600↑ 23% | 67 mi |
| Greeley, CO Project Management Specialists Salary | $101,050↓ 2% | 98 mi |
Comparing salaries near Southwest Colorado nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Southwest Colorado nonmetropolitan area?
The median annual salary for a Project Management Specialists in Southwest Colorado nonmetropolitan area is $103,400. This typically ranges from $60,950 for entry-level positions to $145,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Colorado nonmetropolitan area is 5.1% lower than the national median of $108,900.
Is Southwest Colorado nonmetropolitan area a lucrative place for Project Management Specialists?
Yes, with caveats.The average salary of $103,400 is competitive, especially considering the national average cost of living. However, it is slightly below the national average salary for the role.
Is Southwest Colorado nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Southwest Colorado nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Colorado nonmetropolitan area?
Some top paying nearby cities include Colorado Springs, CO ($112,170) and Denver-Aurora-Centennial, CO.
How does the number of Project Management Specialists in Southwest Colorado compare nationally?
With 4.938 jobs per 1,000 workers, the density of Project Management Specialists in Southwest Colorado is slightly lower than the national average, as indicated by a Location Quotient of 0.76.
What is the total number of Project Management Specialists in Southwest Colorado?
The total local workforce for Project Management Specialists in the Southwest Colorado nonmetropolitan area consists of approximately 530 individuals.
How does the cost of living in Southwest Colorado affect salary perception?
With a Cost of Living Index of 100, the local cost of living matches the national average, meaning the $103,400 salary offers purchasing power equivalent to the national average.
Are there many job opportunities for Project Management Specialists in this region?
While the concentration is slightly below the national average, the presence of 530 professionals and 4.938 jobs per 1,000 workers suggests a steady demand for project management skills.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 530 employees in the Southwest Colorado nonmetropolitan area area with a job density of 4.938 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 Southwest Colorado nonmetropolitan area