Average Project Management Specialists Salary in Southwest Louisiana nonmetropolitan area
Project Management Specialists in Southwest Louisiana's nonmetropolitan area earn an average annual salary of $93,240. This figure is notably below the national average of $108,900, reflecting the unique economic landscape and demand specific to this region. Factors such as industry concentration and local economic drivers typically influence compensation levels in nonmetropolitan areas.
Executive Summary
- Average Salary: $93,240 per year.
- Growth Trend: Salaries have shifted 22.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,160.
- Outlook: The job market for Project Management Specialists in Southwest Louisiana's nonmetropolitan area, with a total local workforce of 220, indicates a niche presence. The Location Quotient of 0.42 suggests that this profession is less concentrated here compared to the national average, implying a potentially less saturated but also possibly less robust demand for these specialized roles within the immediate region.
Salary Overview
The average Project Management Specialists in Southwest Louisiana nonmetropolitan area earns-14.4%below the national average.
$44.8
$1,793
$7,770
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, 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 the increasing complexity of projects across various sectors likely contribute to a steady, albeit potentially modest, upward trajectory in compensation.
Project Management Specialists Salary Distribution in Southwest Louisiana nonmetropolitan area
Salary progression for Project Management Specialists typically scales significantly with experience. Entry-level positions will likely command salaries at the lower end of the spectrum, while senior roles, with their greater responsibility and proven track record, can achieve substantially higher compensation. The percentile gaps in salary distributions clearly signify the career advancement opportunities and earning potential as one moves up the experience ladder.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,990 | $27.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $69,930 | $33.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,440 | $39.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,550 | $56 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,160 | $62.6 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$93,240
Gross Pay
Real Wage (Purchasing Power)
$93,240
Adjusted for COL (100)
The nominal average annual salary of $93,240 in Southwest Louisiana's nonmetropolitan area aligns precisely 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 locally is equivalent to the national average, suggesting a balanced financial standing for residents.
Job Market Context
220
Total Jobs
2.735
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Southwest Louisiana 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 0.42, Project Management Specialist roles are less concentrated in Southwest Louisiana's nonmetropolitan area than the national average. This indicates that the job market is not saturated, and opportunities may be more specialized or tied to specific local industries rather than widespread demand. Professionals may find fewer direct competitors but could also face a more limited number of available positions.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Alexandria, LA Project Management Specialists Salary | $80,480↓ 14% | 37 mi |
| Baton Rouge, LA Project Management Specialists Salary | $96,130↑ 3% | 67 mi |
| Lafayette, LA Project Management Specialists Salary | $93,130↓ 0% | 67 mi |
| Monroe, LA Project Management Specialists Salary | $80,500↓ 14% | 94 mi |
| Hammond, LA Project Management Specialists Salary | $79,150↓ 15% | 95 mi |
Comparing salaries near Southwest Louisiana nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Southwest Louisiana nonmetropolitan area?
The median annual salary for a Project Management Specialists in Southwest Louisiana nonmetropolitan area is $93,240. This typically ranges from $57,990 for entry-level positions to $130,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Louisiana nonmetropolitan area is 14.4% lower than the national median of $108,900.
Is Southwest Louisiana nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to the national average.While the cost of living is on par with the national average, the average salary of $93,240 is significantly lower than the national average of $108,900, indicating less lucrative compensation.
Is Southwest Louisiana nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Southwest Louisiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Louisiana nonmetropolitan area?
Some top paying nearby cities include Alexandria, LA ($80,480) and Baton Rouge, LA.
How does the local workforce size affect job prospects?
A total local workforce of 220 suggests a smaller, more specialized job market for Project Management Specialists in this nonmetropolitan area, potentially leading to fewer openings but also less competition.
What does a Location Quotient of 0.42 mean for Project Management Specialists?
A Location Quotient below 1.0, like 0.42, signifies that Project Management Specialists are less prevalent in Southwest Louisiana compared to the rest of the country, indicating a niche market.
Is my salary as a Project Management Specialist protected by the cost of living?
Yes, with a Cost of Living Index of 100, your $93,240 salary in Southwest Louisiana has the same purchasing power as the national average salary would have nationally.
How many Project Management Specialist jobs are there per 1,000 workers locally?
There are approximately 2.735 Project Management Specialist jobs per 1,000 workers in Southwest Louisiana's nonmetropolitan area, reflecting the demand within the local labor force.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Southwest Louisiana nonmetropolitan area area with a job density of 2.735 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 Louisiana nonmetropolitan area