Average Project Management Specialists Salary in Waterloo-Cedar Falls, IA
Project Management Specialists in Waterloo-Cedar Falls, IA earn an average annual salary of $88,310. This figure is notably below the national average of $108,900, reflecting regional economic factors and demand specific to the Iowa market. Local industry needs and the overall economic landscape in Waterloo-Cedar Falls directly influence compensation levels for these crucial roles.
Executive Summary
- Average Salary: $88,310 per year.
- Growth Trend: Salaries have shifted 4.4% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,510.
- Outlook: The local job market for Project Management Specialists in Waterloo-Cedar Falls, IA, while not as concentrated as the national average (Location Quotient of 0.37), supports a dedicated workforce of 210 professionals. With 2.437 jobs per 1,000 workers, there is a consistent, albeit moderate, demand for these skills within the region, suggesting a stable employment environment for experienced individuals.
Salary Overview
The average Project Management Specialists in Waterloo-Cedar Falls, IA earns-18.9%below the national average.
$42.5
$1,698
$7,359
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for Waterloo-Cedar Falls is not provided, it is generally assumed that salaries for Project Management Specialists have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing project complexity, the adoption of new methodologies, and the continuous need for skilled professionals to oversee and deliver successful initiatives across various industries.
Project Management Specialists Salary Distribution in Waterloo-Cedar Falls, IA
Salary progression for Project Management Specialists in Waterloo-Cedar Falls, IA, is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with a proven track record in managing complex projects can expect significantly higher compensation. The percentile gaps in salary distributions clearly signify the career advancement opportunities and the increased earning potential that comes with accumulating expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,840 | $24.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $66,233 | $31.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $80,990 | $38.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $110,388 | $53.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,510 | $59.9 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$88,310
Gross Pay
Real Wage (Purchasing Power)
$88,310
Adjusted for COL (100)
The nominal average salary of $88,310 for Project Management Specialists in Waterloo-Cedar Falls, IA, aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of the average salary in this area is equivalent to the national average, offering a stable financial standing for residents without the added pressure of higher living expenses often found in more expensive metropolitan areas.
Job Market Context
210
Total Jobs
2.437
Per 1K Jobs
0.37
Location Quotient
At 0.37x, Waterloo-Cedar Falls, IA 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 0.37, the job market for Project Management Specialists in Waterloo-Cedar Falls, IA, is less concentrated than the national average. This indicates that while the role is present and valued, it is not a dominant industry sector within the region. Consequently, the job market may be less competitive in terms of sheer volume of applicants for each opening, but specialized skills could still be in high demand.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Cedar Rapids, IA Project Management Specialists Salary | $94,400↑ 7% | 50 mi |
| Southeast Iowa nonmetropolitan area Project Management Specialists Salary | $94,110↑ 7% | 55 mi |
| Northwest Iowa nonmetropolitan area Project Management Specialists Salary | $151,220↑ 71% | 55 mi |
| Northeast Iowa nonmetropolitan area Project Management Specialists Salary | $95,230↑ 8% | 55 mi |
| Southwest Iowa nonmetropolitan area Project Management Specialists Salary | $86,340↓ 2% | 55 mi |
Comparing salaries near Waterloo-Cedar Falls, IA
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Frequently Asked Questions
How much does a Project Management Specialists make in Waterloo-Cedar Falls, IA?
The median annual salary for a Project Management Specialists in Waterloo-Cedar Falls, IA is $88,310. This typically ranges from $50,840 for entry-level positions to $124,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterloo-Cedar Falls, IA is 18.9% lower than the national median of $108,900.
Is Waterloo-Cedar Falls, IA a lucrative place for Project Management Specialists?
No, not compared to the national average.While the average salary of $88,310 is stable due to a Cost of Living Index of 100, it falls significantly short of the national average of $108,900, indicating lower earning potential in this specific location.
Is Waterloo-Cedar Falls, IA a good place to live for Project Management Specialists?
The Cost of Living Index in Waterloo-Cedar Falls, IA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterloo-Cedar Falls, IA?
Some top paying nearby cities include Cedar Rapids, IA ($94,400) and Southeast Iowa nonmetropolitan area.
How does the local workforce size affect job prospects?
A local workforce of 210 Project Management Specialists suggests a niche market. While this indicates a smaller pool of local talent, it also implies a focused demand within specific industries in the Waterloo-Cedar Falls area.
What does a Location Quotient of 0.37 mean for Project Management Specialists?
A Location Quotient of 0.37 signifies that Project Management Specialists are less concentrated in Waterloo-Cedar Falls, IA, compared to the national average. This suggests that the role is not a primary industry driver but still holds a steady presence.
How does the Cost of Living in Waterloo-Cedar Falls compare nationally?
Waterloo-Cedar Falls, IA, has a Cost of Living Index of 100, which is exactly the national average. This means that the general expenses for housing, utilities, groceries, and transportation are comparable to the rest of the United States.
Are there many Project Management Specialist jobs per capita in Waterloo-Cedar Falls?
With 2.437 jobs per 1,000 workers, the rate of Project Management Specialist employment in Waterloo-Cedar Falls, IA, is moderate. This indicates a consistent but not overwhelming demand for these professionals 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 210 employees in the Waterloo-Cedar Falls, IA area with a job density of 2.437 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 Waterloo-Cedar Falls, IA