Average Project Management Specialists Salary in Waterbury-Shelton, CT
Project Management Specialists in the Waterbury-Shelton, CT area earn an average annual salary of $106,900. This figure is slightly below the national average of $108,900, indicating a localized compensation structure that may be influenced by regional economic factors and industry demand within Connecticut. While close to the national benchmark, understanding these nuances is key for professionals in this market.
Executive Summary
- Average Salary: $106,900 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $157,680.
- Outlook: The Waterbury-Shelton area supports a local workforce of 610 Project Management Specialists. With a Location Quotient of 0.59, the concentration of these roles is below the national average, suggesting a less saturated but potentially less robust demand compared to national hubs. The presence of 3.826 jobs per 1,000 workers indicates a steady, albeit moderate, employment landscape for these specialists.
Salary Overview
The average Project Management Specialists in Waterbury-Shelton, CT earns-1.8%below the national average.
$51.4
$2,056
$8,908
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Waterbury-Shelton is not provided, it is generally observed that Project Management Specialist salaries nationwide have experienced consistent growth over the past four years, driven by increasing project complexity and the critical need for skilled management. It is reasonable to assume that the Waterbury-Shelton market has mirrored this trend, with salaries likely seeing incremental increases year-over-year.
Project Management Specialists Salary Distribution in Waterbury-Shelton, CT
Salary progression for Project Management Specialists in Waterbury-Shelton, as elsewhere, is strongly tied to experience. Entry-level positions typically command salaries at the lower end of the spectrum, while seasoned professionals with extensive project portfolios and leadership experience can expect to earn significantly more, often reaching into the upper percentiles. The widening gap between entry-level and senior salaries reflects the increasing value placed on expertise and proven track records.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $57,180 | $27.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $80,175 | $38.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $98,500 | $47.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $133,625 | $64.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $157,680 | $75.8 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$106,900
Gross Pay
Real Wage (Purchasing Power)
$106,900
Adjusted for COL (100)
The average annual salary of $106,900 in Waterbury-Shelton aligns precisely with the national average cost of living index of 100. This means that the purchasing power of a Project Management Specialist's salary in this region is comparable to the national standard, offering a stable financial environment without significant advantages or disadvantages related to living expenses.
Job Market Context
610
Total Jobs
3.826
Per 1K Jobs
0.59
Location Quotient
Waterbury-Shelton, CT has 0.59x 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.
A Location Quotient of 0.59 signifies that Project Management Specialists are less concentrated in Waterbury-Shelton compared to the national average. This suggests that while the profession is present, it is not a dominant industry sector within the region. Consequently, the job market may offer fewer opportunities but potentially less competition for highly qualified candidates.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Project Management Specialists Salary | $109,360↑ 2% | 15 mi |
| New Haven, CT Project Management Specialists Salary | $107,610↑ 1% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Project Management Specialists Salary | $110,480↑ 3% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Project Management Specialists Salary | $116,850↑ 9% | 27 mi |
| Springfield, MA Project Management Specialists Salary | $103,600↓ 3% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Project Management Specialists make in Waterbury-Shelton, CT?
The median annual salary for a Project Management Specialists in Waterbury-Shelton, CT is $106,900. This typically ranges from $57,180 for entry-level positions to $157,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 1.8% lower than the national median of $108,900.
Is Waterbury-Shelton, CT a lucrative place for Project Management Specialists?
No, not significantly more lucrative than the national average.The average salary is slightly below the national average, and the cost of living is exactly at the national average, offering no distinct financial advantage.
Is Waterbury-Shelton, CT a good place to live for Project Management Specialists?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($109,360) and New Haven, CT.
How does the Waterbury-Shelton salary compare to the national average?
The average salary for Project Management Specialists in Waterbury-Shelton is $106,900, which is slightly lower than the national average of $108,900.
What is the cost of living in Waterbury-Shelton, CT?
The cost of living index in Waterbury-Shelton is 100, which is exactly the national average.
How concentrated are Project Management Specialist jobs in Waterbury-Shelton?
The concentration of Project Management Specialists, indicated by a Location Quotient of 0.59, is below the national average, meaning these roles are less prevalent than in other parts of the country.
What is the total number of Project Management Specialists in Waterbury-Shelton?
There are approximately 610 Project Management Specialists employed in the Waterbury-Shelton area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 610 employees in the Waterbury-Shelton, CT area with a job density of 3.826 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 Waterbury-Shelton, CT