Average Project Management Specialists Salary in Southwest Minnesota nonmetropolitan area
Project Management Specialists in the Southwest Minnesota nonmetropolitan area earn an average annual salary of $91,200. 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 in nonmetropolitan regions compared to larger urban centers.
Executive Summary
- Average Salary: $91,200 per year.
- Growth Trend: Salaries have shifted 9.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,270.
- Outlook: With a total local workforce of 290 Project Management Specialists, the market in Southwest Minnesota nonmetropolitan area is relatively niche. The Location Quotient of 0.37 indicates a lower concentration of these professionals compared to the national average, suggesting a less saturated but potentially less robust job market for this specific role.
Salary Overview
The average Project Management Specialists in Southwest Minnesota nonmetropolitan area earns-16.3%below the national average.
$43.9
$1,754
$7,600
Project Management Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Project Management Specialists across the nation, including in nonmetropolitan areas, have experienced steady growth over the past four years, driven by increasing project complexity and the demand for skilled management professionals.
Project Management Specialists Salary Distribution in Southwest Minnesota nonmetropolitan area
Salary progression for Project Management Specialists typically scales significantly with experience. Entry-level positions will command lower salaries, while senior specialists with extensive track records and proven success in managing complex projects can expect to earn considerably more, often reaching into the upper percentiles of the salary range.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $59,300 | $28.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,400 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $84,120 | $40.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,000 | $54.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,270 | $65 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$91,200
Gross Pay
Real Wage (Purchasing Power)
$91,200
Adjusted for COL (100)
The nominal average salary of $91,200 in Southwest Minnesota nonmetropolitan area 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 comparable to the national average, making it a neutral factor in terms of affordability.
Job Market Context
290
Total Jobs
2.425
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Southwest Minnesota 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 0.37 signifies that Project Management Specialists are less concentrated in Southwest Minnesota nonmetropolitan area than the national average. This suggests that while opportunities may exist, the market is not as saturated, potentially offering a unique competitive landscape for professionals entering or established in this region.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Project Management Specialists Salary | $90,640↓ 1% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Project Management Specialists Salary | $104,170↑ 14% | 58 mi |
Comparing salaries near Southwest Minnesota nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Southwest Minnesota nonmetropolitan area?
The median annual salary for a Project Management Specialists in Southwest Minnesota nonmetropolitan area is $91,200. This typically ranges from $59,300 for entry-level positions to $135,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Minnesota nonmetropolitan area is 16.3% lower than the national median of $108,900.
Is Southwest Minnesota nonmetropolitan area a lucrative place for Project Management Specialists?
No, it is not as lucrative as the national average.The average salary of $91,200 is significantly lower than the national average of $108,900, although the cost of living is on par with the national average.
Is Southwest Minnesota nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Southwest Minnesota nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Minnesota nonmetropolitan area?
Some top paying nearby cities include St. Cloud, MN ($90,640) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does the local workforce size impact job prospects?
A smaller local workforce of 290 Project Management Specialists suggests a more specialized market. While this could mean fewer openings, it might also indicate less competition for available roles.
What does a Location Quotient of 0.37 mean for Project Management Specialists?
A Location Quotient below 1.0, like 0.37, indicates that Project Management Specialists are less prevalent in this area compared to the national average, suggesting a lower concentration of these roles.
How does the Cost of Living Index affect salary perception?
With a Cost of Living Index of 100, the $91,200 salary in Southwest Minnesota nonmetropolitan area offers purchasing power equivalent to the national average, despite being lower in nominal terms.
Are there many Project Management Specialist jobs per capita in this region?
With 2.425 jobs per 1,000 workers, the density of Project Management Specialist roles is lower than the national average, reflecting the nonmetropolitan nature of the area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 290 employees in the Southwest Minnesota nonmetropolitan area area with a job density of 2.425 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 Minnesota nonmetropolitan area