Average Project Management Specialists Salary in Springfield, MA
Project Management Specialists in Springfield, MA, earn an average annual salary of $103,600. This figure is slightly below the national average of $108,900, a common occurrence in markets where local economic factors and demand dynamics may influence compensation levels compared to broader national trends.
Executive Summary
- Average Salary: $103,600 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $157,650.
- Outlook: With a local workforce of 580 Project Management Specialists, Springfield presents a moderate employment landscape. The Location Quotient of 0.45 indicates a lower concentration of these roles compared to the national average, suggesting that while opportunities exist, the market is not saturated, potentially offering stable demand for skilled professionals.
Salary Overview
The average Project Management Specialists in Springfield, MA earns-4.9%below the national average.
$49.8
$1,992
$8,633
Project Management Specialists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Project Management Specialists in Springfield, MA, have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing project complexity, demand for specialized skills, and inflation adjustments, ensuring that compensation keeps pace with evolving market conditions.
Project Management Specialists Salary Distribution in Springfield, MA
The career trajectory for Project Management Specialists in Springfield, MA, shows significant salary progression with experience. Entry-level positions typically start at the lower end of the pay scale, while senior roles, commanding extensive experience and strategic oversight, can reach substantially higher figures, often representing a 50-75% increase from starting salaries, with percentile gaps clearly signifying advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $60,540 | $29.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,700 | $37.4 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $97,620 | $46.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,500 | $62.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $157,650 | $75.8 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$103,600
Gross Pay
Real Wage (Purchasing Power)
$103,600
Adjusted for COL (100)
The average annual salary of $103,600 in Springfield, MA, aligns perfectly with the local Cost of Living Index of 100, which is the national benchmark. This means that the purchasing power of a Project Management Specialist's salary in Springfield is equivalent to the national average, offering a stable financial standing relative to the cost of essential goods and services.
Job Market Context
580
Total Jobs
2.927
Per 1K Jobs
0.45
Location Quotient
At 0.45x, Springfield, MA has a notably lower concentration of Project Management Specialists jobs than the national average. Opportunities in this area are relatively scarce for this profession.
The Location Quotient of 0.45 for Project Management Specialists in Springfield, MA, signifies a below-average concentration of these roles compared to the national landscape. This suggests that the job market is less competitive than in major hubs, potentially offering a more accessible entry point for new professionals or those seeking a less crowded field, though it also implies a smaller overall pool of available positions.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Amherst Town-Northampton, MA Project Management Specialists Salary | $90,810↓ 12% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Project Management Specialists Salary | $110,480↑ 7% | 25 mi |
| Connecticut nonmetropolitan area Project Management Specialists Salary | $109,360↑ 6% | 37 mi |
| Worcester, MA Project Management Specialists Salary | $104,930↑ 1% | 39 mi |
| Pittsfield, MA Project Management Specialists Salary | $107,680↑ 4% | 44 mi |
Comparing salaries near Springfield, MA
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in Springfield, MA?
The median annual salary for a Project Management Specialists in Springfield, MA is $103,600. This typically ranges from $60,540 for entry-level positions to $157,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 4.9% lower than the national median of $108,900.
Is Springfield, MA a lucrative place for Project Management Specialists?
Yes, with caveats.The average salary of $103,600 is competitive and matches the national cost of living. However, it is slightly below the national average salary, indicating potential for higher earnings elsewhere.
Is Springfield, MA a good place to live for Project Management Specialists?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($90,810) and Hartford-West Hartford-East Hartford, CT.
How does the number of Project Management Specialists in Springfield compare nationally?
Springfield has a local workforce of 580 Project Management Specialists. The jobs per 1,000 workers is 2.927, which is below the national average, indicating a less dense concentration of these roles locally.
What is the significance of a Location Quotient of 0.45?
A Location Quotient of 0.45 means that Project Management Specialist roles are less concentrated in Springfield, MA, than the national average. This suggests fewer specialized job opportunities relative to the overall workforce compared to national trends.
How does the cost of living in Springfield affect salary expectations?
With a Cost of Living Index of 100, Springfield's cost of living is exactly at the national average. This means the $103,600 salary provides purchasing power equivalent to the national average, making it a stable financial environment.
Are there many job openings for Project Management Specialists in Springfield?
While the total workforce is 580, the lower Location Quotient suggests that the demand might be moderate rather than exceptionally high. However, the consistent presence of jobs per 1,000 workers indicates ongoing opportunities.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Springfield, MA area with a job density of 2.927 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, MA