Average Project Management Specialists Salary in Waco, TX
Project Management Specialists in Waco, TX, earn an average annual salary of $84,740. This figure is notably below the national average of $108,900, reflecting local economic conditions and demand specific to the Waco metropolitan area. Factors such as the regional industry mix and the overall cost of doing business in Central Texas likely contribute to this salary differential.
Executive Summary
- Average Salary: $84,740 per year.
- Growth Trend: Salaries have shifted 4.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $130,880.
- Outlook: The Project Management Specialist job market in Waco, TX, is moderately concentrated, with a location quotient of 0.94, indicating a presence close to the national average. The local workforce comprises approximately 800 professionals in this field, with 6.139 jobs per 1,000 workers, suggesting a stable, albeit not rapidly expanding, demand for these specialized skills within the region.
Salary Overview
The average Project Management Specialists in Waco, TX earns-22.2%below the national average.
$40.7
$1,630
$7,062
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is reasonable to assume that salaries for Project Management Specialists have experienced gradual growth over the past four years, mirroring national trends. Economic recovery and increased project complexity often drive up demand and compensation for skilled project managers, a trend likely reflected to some degree in the Waco market.
Project Management Specialists Salary Distribution in Waco, TX
Salary progression for Project Management Specialists in Waco, TX, typically correlates with experience. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive project portfolios and leadership experience can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth potential and increased earning capacity within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,320 | $22.8 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $63,555 | $30.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $74,280 | $35.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $105,925 | $50.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $130,880 | $62.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$84,740
Gross Pay
Real Wage (Purchasing Power)
$84,740
Adjusted for COL (100)
The average annual salary of $84,740 for Project Management Specialists in Waco, TX, aligns perfectly with the local cost of living index of 100, which is the national average. This means that the purchasing power of a Project Management Specialist's salary in Waco is equivalent to the national average, offering a stable financial standing relative to living expenses.
Job Market Context
800
Total Jobs
6.139
Per 1K Jobs
0.94
Location Quotient
Waco, TX has 0.94x 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 0.94, Waco, TX, presents a job market for Project Management Specialists that is nearly on par with the national average in terms of concentration. This suggests a balanced supply and demand dynamic; the market is neither oversaturated nor experiencing a significant shortage, offering moderate competition for available roles.
Nearby Job Markets
Nearby Cities for Project Management Specialists
Comparing salaries near Waco, TX
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Frequently Asked Questions
How much does a Project Management Specialists make in Waco, TX?
The median annual salary for a Project Management Specialists in Waco, TX is $84,740. This typically ranges from $47,320 for entry-level positions to $130,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 22.2% lower than the national median of $108,900.
Is Waco, TX a lucrative place for Project Management Specialists?
No, not exceptionally lucrative compared to national averages.While the average salary of $84,740 is stable against the national cost of living, it falls significantly short of the national average salary for the role. This indicates that while the cost of living is manageable, the earning potential is lower than in many other U.S. markets.
Is Waco, TX a good place to live for Project Management Specialists?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($86,060) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Project Management Specialist salary compare to the national average?
The average salary for Project Management Specialists in Waco, TX, is $84,740, which is considerably lower than the national average of $108,900.
What is the cost of living in Waco, TX for Project Management Specialists?
The cost of living in Waco, TX, is exactly at the national average (index of 100), meaning that the $84,740 salary offers purchasing power equivalent to the national average.
How concentrated is the Project Management Specialist job market in Waco, TX?
The job market is moderately concentrated, with a location quotient of 0.94, indicating a presence very close to the national average concentration.
What is the total number of Project Management Specialists in Waco, TX?
There are approximately 800 Project Management Specialists working in the Waco, TX area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 800 employees in the Waco, TX area with a job density of 6.139 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 Waco, TX