Median Salary
$100,490
Vs National Avg
Hourly Wage
$48.31
Dollars / Hr
Workforce
1.0k
Total Jobs
Growth
+6%
10-Year Outlook
The Complete Career Guide for Project Managers in Colorado Springs, CO
If youāre a Project Manager thinking about moving to Colorado Springs, youāre looking at a market thatās stable, growing, and packed with opportunity. Itās a city for people who love the outdoors but still want a real career. As someone whoās lived here and watched the tech and defense sectors evolve over the last decade, I can tell you itās a unique blend. Youāre not in a sprawling metropolis like Denver, but youāre not in a small town either. Youāre in a city of 488,670 people where the mountains are your backyard, and the job market is serious.
Letās get into the data and the real-life details you need to decide if Colorado Springs is your next career move.
The Salary Picture: Where Colorado Springs Stands
First, letās talk numbers. The data for Project Managers here is solid, but itās important to see how it breaks down and how it compares to other places in the state.
According to the Bureau of Labor Statistics (BLS), the median annual salary for Project Managers in the Colorado Springs metro area is $100,490. That translates to an hourly rate of $48.31. Now, hereās an interesting point: the national average for the same role is $101,280. So, Colorado Springs pays virtually identically to the national average, which is a strong indicator of a healthy market. Youāre not losing ground by moving here.
Hereās how salaries typically break down by experience level in the local market. (Note: These are estimated ranges based on local job postings and industry benchmarks, placed in context with the median.)
| Experience Level | Estimated Annual Salary (Colorado Springs) | Key Local Employers for This Level |
|---|---|---|
| Entry-Level (0-3 years) | $70,000 - $85,000 | Startups, smaller local firms, entry roles at larger entities like UCHealth. |
| Mid-Level (4-7 years) | $85,000 - $120,000 | Major defense contractors, tech companies, healthcare systems. |
| Senior-Level (8-12 years) | $120,000 - $155,000 | IT project leadership, complex defense programs, senior healthcare initiatives. |
| Expert/Lead (15+ years) | $155,000 - $190,000+ | Director-level roles, principal PMs at major defense contractors, senior IT architects. |
Insider Tip: The 10-year job growth rate is 6%. This isnāt explosive, slow-growth growth. Itās steady, reliable expansion. In a city with our robust federal and defense footprint, 6% is a sign of a resilient market, not a volatile one. The 977 current job openings in the metro is another data point that supports a healthy pipeline of opportunities.
How does this compare to other Colorado cities?
- Denver: Salaries can be 10-15% higher, but the cost of livingāespecially rentāis significantly steeper. The competition is fiercer, and the commute can be a major grind.
- Fort Collins: A smaller, more tech and education-focused market. Salaries might be slightly lower than Colorado Springs, with a very different lifestyle (more college-town vibe, less military/defense).
- Pueblo: A much smaller market with lower salaries and fewer opportunities. Colorado Springs is the economic hub for southern Colorado.
Bottom Line: You get a national-level salary without a national-level cost of living. Thatās the Colorado Springs equation.
š Compensation Analysis
š Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
Letās break down what a Project Manager earning the median of $100,490 actually takes home. This is where the "real" math happens.
Assumptions:
- Filing as Single (for simplicity).
- Pre-tax deductions for health insurance (approx. $300/month) and 401(k) (5% contribution).
- State taxes: Colorado has a flat 4.40% income tax.
- Federal taxes: This is an estimate for 2023-2024 brackets.
Monthly Take-Home Breakdown:
- Gross Monthly Pay: $8,374
- Estimated Deductions (Taxes + Pre-tax): ~$2,200 - $2,400
- Estimated Net (Take-Home) Pay: $5,974 - $6,174 per month.
Now, let's factor in the average 1BR rent of $1,408/month. This is a key number. Your housing cost (rent) would be roughly 23-24% of your take-home pay. Thatās a healthy ratio, well under the 30% rule of thumb.
Monthly Budget Snapshot (Using $6,074 as a midpoint take-home):
- Rent (1BR): $1,408
- Utilities (Electric, Gas, Internet, Water): $200 - $250
- Groceries: $300 - $400
- Transportation (Car payment, insurance, gas): $400 - $600 (Car is a must here; public transit is limited)
- Health Insurance (if not fully covered): $100 - $200
- Debt/Student Loans: Variable
- Remaining for Savings, Entertainment, etc.: $2,216 - $2,666
Can you afford to buy a home?
This is the big question. As of late 2023/early 2024, the median home price in Colorado Springs is around $425,000. With a 20% down payment ($85,000), a monthly mortgage (including taxes, insurance) would be roughly $2,600 - $2,800. That would push your housing cost to about 45% of your take-home pay, which is very tight and not recommended. With a smaller down payment, itās even tighter.
Insider Insight: Most people I know who own homes here bought when they were a dual-income household, or they bought smaller, older homes in specific neighborhoods (like parts of Old Colorado City or near Fort Carson) for under $350,000. Renting for the first 2-3 years is a smart way to get your bearings, save aggressively, and decide which part of the city you want to live in. The Cost of Living Index of 97.4 (US avg=100) means your dollar goes further here than in most places, but buying a home is still a significant financial leap.
š° Monthly Budget
š Snapshot
Where the Jobs Are: Colorado Springs's Major Employers
The job market here is dominated by a few key sectors. Your background as a Project Manager will be highly valued in these areas:
Defense & Aerospace: This is the backbone of the local economy. Lockheed Martin (with a massive presence at the Space Command campus), Northrop Grumman, and Boeing all have significant facilities. They hire PMs for everything from spacecraft and missile defense programs to facility construction and IT infrastructure. Hiring is steady, especially on the government contract side. Security clearance (or the ability to obtain one) is a huge plus.
Federal Government: US Space Command and USAF Academy are major employers. The Department of Defense and various other agencies have a large footprint. These jobs are stable and offer great benefits, but the hiring process can be slow and requires navigating USAJOBS.gov.
Healthcare: UCHealth is the largest system, with multiple hospitals (Memorial Central, Penrose Hospital). Centura Health is another major player. They need PMs for IT systems (like Epic EMR implementations), new facility build-outs, and process improvement initiatives. The healthcare sector is growing as the population grows.
Technology & Cybersecurity: The cityās cybersecurity hub status is real. Companies like InteliCloud and General Dynamics Information Technology have a strong presence. Thereās also a growing cluster of smaller tech firms and startups focused on cloud, data, and security. The National Cybersecurity Center here also creates opportunities.
Higher Education: University of Colorado Colorado Springs (UCCS) and Colorado College are large employers. They hire PMs for research grants, IT projects, and campus development.
Hiring Trends: Defense and healthcare are the most consistent. Tech is growing but can be more cyclical. A significant trend is the move of US Space Command headquarters to Colorado Springs, which is driving new construction, IT, and support service jobs. The 10-year growth of 6% will likely be concentrated in these sectors.
Getting Licensed in Colorado
This is a common question. For Project Management, itās less about a state-specific license and more about certifications.
- No State License Required: Colorado does not require a state-issued license to practice as a Project Manager. Your value is based on your experience, skills, and certifications.
- Industry-Standard Certifications: The most valued certs are the Project Management Professional (PMP) from PMI (Project Management Institute) and the Certified ScrumMaster (CSM) for agile environments. Given the defense and healthcare sectors here, a PMP is often a requirement or a strong preference for senior roles.
- Cost: The PMP exam costs about $405 for PMI members, $575 for non-members. The CSM exam is around $445 for a two-day course and exam.
- Timeline: If youāre studying for the PMP, plan for 3-6 months of preparation. There are local PMP prep courses (through UCCS or private firms), but many opt for online study.
Insider Tip: In the defense sector, having a Security Clearance is like a "golden ticket." If you have an active clearance or can be sponsored for one, your job prospects multiply. Itās not a "license," but itās a critical credential.
Best Neighborhoods for Project Managers
Where you live will shape your daily life. Traffic is moderate but can be concentrated on the I-25 corridor. Hereās a neighborhood breakdown:
| Neighborhood | Vibe & Commute | Best For | Avg. 1BR Rent (Est.) |
|---|---|---|---|
| Downtown / Old Colorado City | Walkable, historic, lots of coffee shops and restaurants. Close to downtown employers and the future Space Command HQ. | Urban dwellers who want a 15-minute commute and a vibrant street life. | $1,500 - $1,650 |
| Northgate (near I-25 & Academy) | Modern, planned community. Easy access to I-25 and the Air Force Academy. Growing retail and dining. | Good balance for commuters to downtown, Lockheed, or the Academy. Family-friendly. | $1,450 - $1,550 |
| Powers Corridor (Southeast) | Suburban, car-dependent. Close to Peterson SFB, Schriever SFB, and many tech/defense offices. More affordable housing. | Those working on the southeast side of town. Great for families wanting a suburban feel. | $1,300 - $1,450 |
| Westside (near Garden of the Gods) | Scenic, older homes, more space. A bit more of a commute to downtown but incredible access to hiking and nature. | Outdoor enthusiasts who want a quieter, more scenic home base. | $1,400 - $1,600 |
| Briargate (Northeast) | Established, suburban, great schools. A bit farther from the core, but a straight shot down I-25. | Families prioritizing schools and a stable, suburban community. | $1,400 - $1,550 |
Commute Tip: If you work from home or have a hybrid schedule, you can live almost anywhere. If youāre commuting daily to a southeast side office (like near Peterson), living in the Powers Corridor will save your sanity. If youāre working in downtown or near the future Space Command HQ, Downtown/Old Colorado City is unbeatable.
The Long Game: Career Growth
Colorado Springs is a great place to build a long-term career, especially with a clear path to specialization.
- Specialty Premiums: PMs who specialize in IT/Cloud (AWS, Azure), Cybersecurity, or Defense Acquisition (understanding government contracting) can command salaries 10-20% above the median. A PMP coupled with a specialized cert (like CSSP for cybersecurity) is a powerful combo.
- Advancement Paths: The typical path is from Project Coordinator -> Junior PM -> PM -> Senior PM/Program Manager -> Director of PMO. In the larger defense firms and healthcare systems, thereās a clear ladder. In tech, it can be more fluid, but the principles remain.
- 10-Year Outlook: With the 6% job growth and the strategic shift of Space Command, the demand for experienced PMs, especially those with security clearances and tech skills, should remain strong. The city is investing in its "innovation ecosystem," which could create more opportunities in startups and venture-backed tech in the next decade.
The Verdict: Is Colorado Springs Right for You?
This isnāt a one-size-fits-all city. Hereās a quick pros and cons table to help you decide.
| Pros | Cons |
|---|---|
| Stable, well-paying job market in defense, healthcare, and tech. | Buying a home is a significant financial challenge without a large down payment or dual income. |
| Incredible outdoor access (Pikes Peak, Red Rock Canyon, etc.). | Limited public transit ā a car is a necessity. |
| Lower cost of living than Denver or the national average for major cities, with a median salary of $100,490. | Can feel insular due to the large military population; it can be harder to break into social circles. |
| Manageable size ā easy to get around, less overwhelming than a mega-city. | Less diverse than Denver or Boulder, though itās improving. |
| Growing reputation as a tech and cybersecurity hub. | The four-season climate with cold, snowy winters and hail in spring/summer can be a shock for some. |
Final Recommendation: If you want a career with stability, a median salary that matches the national average, and a lifestyle where world-class hiking is your weekend plan, Colorado Springs is a fantastic choice. Itās a move for people who value work-life balance and are pragmatic about finances. If you need the energy of a major metropolis, a vibrant nightlife, or a rental market where you can find a high-rise apartment easily, you might prefer Denver. But for most Project Managers, the quality of life and career potential here is a winning combination.
FAQs
1. Do I need a security clearance to get a Project Manager job here?
No, but it helps immensely. Many defense contractor jobs require or prefer an active clearance. If you donāt have one, look for roles in healthcare, education, or tech startups. You can also find positions that will sponsor you for a clearanceābe upfront about your eligibility in interviews.
2. Is the job market competitive for Project Managers?
Yes, but itās a healthy competition. With 977 jobs in the metro, thereās steady demand. The key is to tailor your resume to the local sectors (defense, healthcare, tech) and consider getting a PMP if you donāt have one. Networking through local PMI chapters or tech meetups can give you an edge.
3. How do I handle the commute in Colorado Springs?
Traffic is not like LA or NYC, but the I-25 corridor can back up during rush hour. Your commute will be dictated by where you work and where you live. A 20-minute commute is common. Use apps like Google Maps to check commute times from potential neighborhoods to specific employers before you rent.
4. Whatās the best way to find a job before moving?
Start with the major employer websites (Lockheed, Northrop, UCHealth, UCCS). Use LinkedIn and set your location to "Colorado Springs" to see local postings. The BLS data confirms a healthy market, so be proactive. Consider reaching out to local recruiting firms that specialize in defense or tech placements.
5. Is the cost of living really as low as it seems?
Yes, but with a caveat. The Cost of Living Index of 97.4 means itās slightly below the national average. However, housing (both rent and buying) has risen faster than wages in recent years. Your median salary of $100,490 is powerful here, but you must budget carefully. Groceries and utilities are reasonable, but car insurance can be higher due to weather and hail risk.
Data Sources: Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics for Colorado Springs, CO area. Zillow Rent Index for 1BR Rent. Sperling's BestPlaces Cost of Living Index. Colorado Department of Regulatory Agencies (no state license requirement).
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