Average Project Management Specialists Salary in West Kentucky nonmetropolitan area
Project Management Specialists in the West Kentucky nonmetropolitan area earn an average annual salary of $83,550. This figure is notably lower than the national average of $108,900, reflecting the unique economic landscape and demand dynamics specific to this region. Factors such as industry concentration and the overall economic output of nonmetropolitan areas often influence compensation levels.
Executive Summary
- Average Salary: $83,550 per year.
- Growth Trend: Salaries have shifted 2.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $124,800.
- Outlook: The local job market for Project Management Specialists in West Kentucky, with a total workforce of 440, presents a moderate concentration as indicated by a Location Quotient of 0.52. While the absolute number of professionals is modest, the density of jobs per 1,000 workers at 3.406 suggests a consistent, albeit not overwhelming, demand for these skills within the region's economic framework.
Salary Overview
The average Project Management Specialists in West Kentucky nonmetropolitan area earns-23.3%below the national average.
$40.2
$1,607
$6,963
Project Management Specialists Salary Trends (2020-2024)
While specific historical data for West Kentucky's Project Management Specialist salaries is not provided, it is generally assumed that compensation in this field has seen a steady upward trend over the past four years, mirroring national patterns. Economic growth, increased project complexity, and the ongoing need for skilled management professionals typically drive incremental salary increases across most regions.
Project Management Specialists Salary Distribution in West Kentucky nonmetropolitan area
Salary progression for Project Management Specialists is significantly influenced by experience. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive project portfolios and leadership experience command salaries in the upper percentiles. The widening gap between entry-level and senior roles signifies substantial career growth opportunities and increased earning potential as expertise and responsibilities expand.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $48,750 | $23.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $62,663 | $30.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,260 | $36.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $104,438 | $50.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $124,800 | $60 |
Detailed Project Management Specialists Market Analysis
Relocation Context
Nominal Salary
$83,550
Gross Pay
Real Wage (Purchasing Power)
$83,550
Adjusted for COL (100)
The nominal average salary of $83,550 in West Kentucky aligns perfectly 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 area is equivalent to the national average, indicating that while the nominal pay is lower than the national average, the cost of goods and services effectively balances out, offering stable real income.
Job Market Context
440
Total Jobs
3.406
Per 1K Jobs
0.52
Location Quotient
West Kentucky nonmetropolitan area has 0.52x 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 0.52, the market for Project Management Specialists in West Kentucky is less concentrated than the national average. This suggests that while there is a presence of these professionals, the demand may not be as robust or widespread as in more metropolitan or industry-heavy areas, indicating a potentially less competitive but also less abundant job market.
Nearby Job Markets
Nearby Cities for Project Management Specialists
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Project Management Specialists Salary | $91,820↑ 10% | 28 mi |
| Elizabethtown, KY Project Management Specialists Salary | $81,720↓ 2% | 66 mi |
| Louisville/Jefferson County, KY-IN Project Management Specialists Salary | $88,420↑ 6% | 72 mi |
| Cincinnati, OH-KY-IN Project Management Specialists Salary | $102,200↑ 22% | 100 mi |
Comparing salaries near West Kentucky nonmetropolitan area
Hiring Project Management Specialistss?
Frequently Asked Questions
How much does a Project Management Specialists make in West Kentucky nonmetropolitan area?
The median annual salary for a Project Management Specialists in West Kentucky nonmetropolitan area is $83,550. This typically ranges from $48,750 for entry-level positions to $124,800 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in West Kentucky nonmetropolitan area is 23.3% lower than the national median of $108,900.
Is West Kentucky nonmetropolitan area a lucrative place for Project Management Specialists?
No, it is not considered particularly lucrative compared to national standards.The average salary of $83,550 is significantly below the national average of $108,900, although the cost of living is on par with the national average.
Is West Kentucky nonmetropolitan area a good place to live for Project Management Specialists?
The Cost of Living Index in West Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near West Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($91,820) and Elizabethtown, KY.
How does the West Kentucky salary compare to the national average?
The average salary for Project Management Specialists in West Kentucky is $83,550, which is approximately 23% lower than the national average of $108,900.
What is the Cost of Living Index in West Kentucky for Project Management Specialists?
The Cost of Living Index in West Kentucky is 100, which is exactly the national average. This means that the purchasing power of the local salary is equivalent to the national average.
How concentrated is the job market for Project Management Specialists in West Kentucky?
The job market is less concentrated than the national average, with a Location Quotient of 0.52, indicating fewer Project Management Specialists relative to the national workforce.
What is the total number of Project Management Specialists in West Kentucky?
There are approximately 440 Project Management Specialists employed in the West Kentucky nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the West Kentucky nonmetropolitan area area with a job density of 3.406 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 West Kentucky nonmetropolitan area