Average Project Management Specialists Salary in Southwest Virginia nonmetropolitan area
Project Management Specialists in the Southwest Virginia nonmetropolitan area earn an average annual salary of $91,690. This figure is notably below the national average of $108,900, reflecting regional economic factors and demand specific to this nonmetropolitan locale. The localized pay scale is influenced by the unique industrial landscape and the overall economic structure of the area.
Executive Summary
- Average Salary: $91,690 per year.
- Growth Trend: Salaries have shifted 11.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $147,440.
- Outlook: The job market for Project Management Specialists in Southwest Virginia nonmetropolitan area, with a total local workforce of 370, indicates a niche presence. The Location Quotient of 0.49 suggests that this profession is less concentrated here compared to the national average, implying a potentially stable but not rapidly expanding demand within this specific region.
Salary Overview
The average Project Management Specialists in Southwest Virginia nonmetropolitan area earns-15.8%below the national average.
$44.1
$1,763
$7,641
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 experienced gradual growth over the past four years, mirroring national trends of increasing compensation for skilled professionals. This growth is typically driven by inflation, evolving project complexities, and the increasing value placed on effective project management across industries.
Project Management Specialists Salary Distribution in Southwest Virginia nonmetropolitan area
Salary progression for Project Management Specialists in Southwest Virginia nonmetropolitan area typically scales with experience. Entry-level roles may command salaries closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more, reaching into the higher salary brackets. The widening gap between entry-level and senior positions reflects the career advancement opportunities and increased responsibilities associated with seniority.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,910 | $24 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,768 | $33.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $82,130 | $39.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $114,613 | $55.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $147,440 | $70.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$91,690
Gross Pay
Real Wage (Purchasing Power)
$91,690
Adjusted for COL (100)
The nominal average salary of $91,690 in Southwest Virginia 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 this income is equivalent to the national standard, making it a financially neutral relocation in terms of cost of living.
Job Market Context
370
Total Jobs
3.174
Per 1K Jobs
0.49
Location Quotient
At 0.49x, Southwest Virginia 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 0.49, the market for Project Management Specialists in Southwest Virginia nonmetropolitan area is less concentrated than the national average. This suggests that while there are opportunities, the job market is not saturated, potentially offering a competitive edge for skilled professionals seeking roles in this region compared to more densely populated areas.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Charlottesville, VA Project Management Specialists Salary | $103,390↑ 13% | 25 mi |
| Richmond, VA Project Management Specialists Salary | $105,760↑ 15% | 41 mi |
| Staunton-Stuarts Draft, VA Project Management Specialists Salary | $93,150↑ 2% | 56 mi |
| Harrisonburg, VA Project Management Specialists Salary | $89,410↓ 2% | 60 mi |
| Lynchburg, VA Project Management Specialists Salary | $102,070↑ 11% | 61 mi |
Comparing salaries near Southwest Virginia nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Southwest Virginia nonmetropolitan area?
The median annual salary for a Project Management Specialists in Southwest Virginia nonmetropolitan area is $91,690. This typically ranges from $49,910 for entry-level positions to $147,440 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southwest Virginia nonmetropolitan area is 15.8% lower than the national median of $108,900.
Is Southwest Virginia nonmetropolitan area a lucrative place for Project Management Specialists?
No, not compared to the national average.While the average salary of $91,690 is substantial, it falls below the national average of $108,900, indicating less lucrative compensation in this specific nonmetropolitan region.
Is Southwest Virginia nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in Southwest Virginia nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southwest Virginia nonmetropolitan area?
Some top paying nearby cities include Charlottesville, VA ($103,390) and Richmond, VA.
How does the local workforce size affect Project Management Specialist jobs?
A local workforce of 370 suggests a smaller, more specialized job market for Project Management Specialists in this nonmetropolitan area, potentially leading to fewer but more targeted opportunities.
What does a Location Quotient of 0.49 mean for job seekers?
A Location Quotient of 0.49 indicates that Project Management Specialists are less common in Southwest Virginia nonmetropolitan area than the national average, suggesting a less competitive job market but also potentially fewer available positions.
How does the Cost of Living Index impact the $91,690 salary?
With a Cost of Living Index of 100, the $91,690 salary offers purchasing power equivalent to the national average, meaning the lower nominal salary is offset by lower living expenses compared to higher-cost national regions.
Are there many Project Management Specialist jobs per 1,000 workers in this area?
With 3.174 jobs per 1,000 workers, the concentration of Project Management Specialist roles is moderate, indicating a steady presence of these positions within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Southwest Virginia nonmetropolitan area area with a job density of 3.174 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 Virginia nonmetropolitan area