Average Project Management Specialists Salary in Springfield, IL
Project Management Specialists in Springfield, IL, earn an average annual salary of $90,370. This figure is notably below the national average of $108,900, suggesting that local market dynamics and potentially a lower demand for highly specialized roles contribute to this compensation difference. While the cost of living aligns with the national average, the local salary reflects a unique economic landscape for this profession.
Executive Summary
- Average Salary: $90,370 per year.
- Growth Trend: Salaries have shifted 3.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,770.
- Outlook: The job market for Project Management Specialists in Springfield, IL, appears moderately stable, with a local workforce of 480 individuals. The Location Quotient of 0.71 indicates a slightly lower concentration of these roles compared to the national average. While not indicating a booming demand, the presence of nearly 500 specialists suggests a consistent need for project management expertise within the state capital's economy.
Salary Overview
The average Project Management Specialists in Springfield, IL earns-17.0%below the national average.
$43.5
$1,738
$7,531
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Springfield, IL, is not provided, it is reasonable to assume that salaries for Project Management Specialists have seen gradual growth over the past four years, mirroring national trends. Economic recovery and increased project complexity typically drive up demand and, consequently, compensation for skilled project managers, even in localized markets.
Project Management Specialists Salary Distribution in Springfield, IL
Salary progression for Project Management Specialists in Springfield, IL, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and proven track records can significantly exceed the average. The percentile gaps between junior and senior roles highlight the substantial earning potential and career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $53,830 | $25.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $67,778 | $32.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $86,280 | $41.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $112,963 | $54.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,770 | $61.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$90,370
Gross Pay
Real Wage (Purchasing Power)
$90,370
Adjusted for COL (100)
The nominal average salary of $90,370 in Springfield, IL, holds its value effectively against the local Cost of Living Index of 100. This means that the purchasing power of a Project Management Specialist's salary in Springfield is equivalent to the national average, making the city an economically neutral choice for relocation from a cost-of-living perspective.
Job Market Context
480
Total Jobs
4.646
Per 1K Jobs
0.71
Location Quotient
Springfield, IL has 0.71x 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.
With a Location Quotient of 0.71, Springfield, IL, has a slightly lower concentration of Project Management Specialists than the national average. This suggests that while the profession is present and necessary, the market is not oversaturated. This could translate to a competitive but accessible environment for skilled professionals seeking opportunities.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Decatur, IL Project Management Specialists Salary | $109,340↑ 21% | 39 mi |
| West Central Illinois nonmetropolitan area Project Management Specialists Salary | $93,380↑ 3% | 53 mi |
| East Central Illinois nonmetropolitan area Project Management Specialists Salary | $84,570↓ 6% | 53 mi |
| Northwest Illinois nonmetropolitan area Project Management Specialists Salary | $99,040↑ 10% | 53 mi |
| South Illinois nonmetropolitan area Project Management Specialists Salary | $88,340↓ 2% | 53 mi |
Comparing salaries near Springfield, IL
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Frequently Asked Questions
How much does a Project Management Specialists make in Springfield, IL?
The median annual salary for a Project Management Specialists in Springfield, IL is $90,370. This typically ranges from $53,830 for entry-level positions to $128,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, IL is 17.0% lower than the national median of $108,900.
Is Springfield, IL a lucrative place for Project Management Specialists?
No, not compared to the national average.While the cost of living is average, the average salary of $90,370 for Project Management Specialists is significantly lower than the national average of $108,900.
Is Springfield, IL a good place to live for Project Management Specialists?
The Cost of Living Index in Springfield, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, IL?
Some top paying nearby cities include Decatur, IL ($109,340) and West Central Illinois nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 480 Project Management Specialists indicates a stable, established presence of the profession, suggesting consistent demand for skilled individuals within the Springfield, IL, area.
What does a Location Quotient of 0.71 mean for job seekers?
A Location Quotient of 0.71 signifies that Project Management Specialists are less concentrated in Springfield, IL, than the national average, potentially indicating fewer specialized roles but also less competition for available positions.
How does the Cost of Living Index impact salary perception?
With a Cost of Living Index of 100, the Springfield, IL, salary of $90,370 has the same purchasing power as the national average salary, making it neither exceptionally high nor low in real terms.
Are there many Project Management Specialist jobs per capita in Springfield, IL?
With 4.646 jobs per 1,000 workers, Springfield, IL, offers a moderate number of Project Management Specialist roles relative to its population, aligning with the slightly 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 480 employees in the Springfield, IL area with a job density of 4.646 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 Springfield, IL