Median Salary
$102,404
Above National Avg
Hourly Wage
$49.23
Dollars / Hr
Workforce
0.2k
Total Jobs
Growth
+6%
10-Year Outlook
Here is a comprehensive career guide for Project Managers considering a move to Norwalk, Connecticut.
The Salary Picture: Where Norwalk Stands
Let's cut right to the numbers. As a Project Manager in Norwalk, you're looking at a median salary of $102,404 per year, which breaks down to an hourly rate of $49.23. This is slightly above the national average of $101,280/year, which is a solid position to be in, especially considering Connecticut's cost of living.
But what does that number really mean when you factor in experience? Not all Project Managers earn the median. Your value in the Norwalk market is heavily dependent on your track record, industry, and certifications.
Here’s a realistic breakdown of what you can expect based on your career stage:
| Experience Level | Typical Years of Experience | Norwalk Salary Range (Est.) | Key Drivers |
|---|---|---|---|
| Entry-Level | 0-2 years | $75,000 - $90,000 | CAPM certification, Agile/Scrum basics, coordination roles |
| Mid-Level | 3-7 years | $95,000 - $115,000 | PMP, industry specialization (e.g., finance, healthcare) |
| Senior-Level | 8-15 years | $120,000 - $150,000+ | Large-scale program management, stakeholder leadership |
| Expert/Principal | 15+ years | $155,000 - $190,000+ | Executive presence, multi-million dollar portfolios |
Insider Tip: The $102,404 median is a great benchmark, but if you're coming from a tech or financial services background, you can aim for the higher end of the mid-level range immediately. With a PMP and 5 years of experience, negotiating for $110,000+ is very reasonable in this market.
How Norwalk Compares to Other CT Hubs:
Norwalk sits in a sweet spot. It's not as expensive as Greenwich or Stamford but has a robust job market compared to more residential towns.
- Stamford: Salaries can be 5-10% higher, but commute and living costs are also steeper.
- New Haven: Home to Yale and biotech, salaries are competitive, but the job market is more academic/medical. Norwalk's corporate concentration offers different opportunities.
- Hartford: The insurance capital. Salaries are strong, but the industry is more traditional. Norwalk is more diverse, with tech, finance, and manufacturing.
📊 Compensation Analysis
📈 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
That $102,404 median salary sounds great, but in Connecticut, you need to do the math for your actual purchasing power. Let's break down a monthly budget for a single Project Manager earning the median.
Assumptions:
- Gross Annual Salary: $102,404
- Federal Taxes (approx.): ~$18,500 (filing single, standard deduction)
- CT State Tax (5%): ~$5,120
- FICA (7.65%): ~$7,834
- Estimated Net Annual Income: ~$70,950
- Estimated Net Monthly Income: ~$5,912
Monthly Budget Breakdown:
| Expense Category | Estimated Cost | Notes |
|---|---|---|
| Rent (1BR Apt) | $2,173 | Average for Norwalk. Newer complexes in South Norwalk will be higher. |
| Utilities (Electric, Heat, Internet) | $250 | Varies by season; older buildings can have higher heating costs. |
| Groceries | $500 | Norwalk has a mix of ShopRite, Stop & Shop, and specialty markets. |
| Transportation | $350 | Gas, insurance, and occasional Metro-North fare. If you commute to NYC, budget more. |
| Health Insurance (Employer Share) | $200 | Varies widely; assume a standard plan contribution. |
| Miscellaneous (Dining, Fun, Savings) | $2,439 | This is your discretionary and savings buffer. |
Can They Afford to Buy a Home?
This is the big question. The median home price in Norwalk is around $450,000 - $500,000. With a 20% down payment ($90k-$100k), you're looking at a mortgage of ~$360k. At current interest rates (approx. 7%), your monthly mortgage payment (PITI) would be around $2,800 - $3,000.
Verdict: On a single $102,404 salary, buying a home in Norwalk is tight but possible if you have a substantial down payment and are willing to be budget-conscious. It's more feasible for dual-income households or those who can save aggressively for a down payment while renting. Renting, especially in a shared apartment, gives you much more financial flexibility to build savings.
💰 Monthly Budget
📋 Snapshot
Where the Jobs Are: Norwalk's Major Employers
Norwalk’s economy is a strategic blend of finance, maritime, healthcare, and retail. The job market for Project Managers is diverse, with 184 active jobs in the metro area and a 10-year job growth of 6%. Here are the key local players:
- Xerox (Norwalk HQ): A legacy tech company with a major presence. They hire project managers for product development, IT infrastructure, and client implementation teams. Hiring is steady, focusing on candidates with Agile/Scrum experience.
- FactSet Research Systems: A financial data and software firm with a large Norwalk campus. They are constantly expanding and hire PMs for software development, data integration, and client onboarding projects. Strong technical background is a plus.
- The Knot (part of XO Group): Based in the waterfront area, this digital media company has a fast-paced, creative environment. Project Managers here often manage marketing campaigns, product launches, and vendor partnerships.
- Pequonnock River Valley Health (Norwalk Hospital): Part of the Nuvance Health system. The hospital and its associated clinics need project managers for IT system implementations (like Epic), facility upgrades, and process improvement initiatives. Healthcare PM experience is highly valued.
- St. Luke's School (Private School): While smaller, private educational institutions frequently hire project managers for capital campaigns, technology integration, and new program development.
- Regional Contractors & Engineering Firms: Norwalk’s proximity to the coast and ongoing development means firms like BL Companies (engineering) and local construction managers hire PMs for infrastructure, residential, and commercial projects.
Hiring Trends: There's a noticeable shift towards PMs with hybrid skills—traditional project management combined with data analysis (for finance/tech) or regulatory knowledge (for healthcare). The 6% growth signals steady demand, not explosive boom, making it a stable market.
Getting Licensed in CT
Connecticut does not have a state-specific "Project Manager License." Instead, the industry relies on national certifications. However, for certain fields like construction, engineering, or healthcare, you may need state-specific permissions.
Key Certifications & Requirements:
- PMP (Project Management Professional): The gold standard. Offered by the Project Management Institute (PMI). Requires 36 months of leading projects with a four-year degree, or 60 months without. Exam cost is ~$555 for members, ~$405 for non-members. Study time: 2-4 months.
- CAPM (Certified Associate in Project Management): Entry-level, no experience needed. Great for getting your foot in the door. Exam cost: ~$225 for members, ~$375 for non-members.
- Construction: If managing construction projects, you may need to work under a licensed contractor or engineer. Check with the CT Department of Consumer Protection (DCP) for specific requirements.
- IT/Tech: While no license is needed, certifications like Scrum Master (CSM) or PRINCE2 are often requested.
Timeline to Get Started:
- Month 1: Assess your experience against PMP requirements. If you qualify, join PMI and start your application.
- Months 2-4: Study for the exam using PMBOK Guide and prep courses (e.g., Joseph Phillips on Udemy, PMP Exam Prep Seminar).
- Month 5: Schedule and take the exam. Results are immediate.
- Ongoing: Maintain certification with PDUs (Professional Development Units) every 3 years.
Insider Tip: The CT State Library and local chapters of PMI (like PMI CT) offer study groups and workshops. Networking here can lead to job referrals before you even get certified.
Best Neighborhoods for Project Managers
Choosing where to live in Norwalk depends on your commute, lifestyle, and budget. Here’s a breakdown:
| Neighborhood | Vibe & Commute | Rent Estimate (1BR) | Best For... |
|---|---|---|---|
| South Norwalk (SoNo) | Urban, walkable, vibrant nightlife. 5-min walk to Metro-North. | $2,400 - $2,900 | Young professionals who want a social scene and an easy commute to NYC. |
| East Norwalk | Residential, suburban feel, close to the beach. 10-min drive to Metro-North. | $2,100 - $2,500 | Those seeking a quieter home base, good for families or outdoor enthusiasts. |
| West Norwalk | Family-oriented, established neighborhoods. 15-min drive to Metro-North. | $1,900 - $2,300 | Project Managers looking to buy a home, value space and a community feel. |
| The "Ridge" Area | Quiet, hilly, more upscale. 15-20 min commute. | $2,200 - $2,600 | Senior PMs or those wanting a peaceful retreat while staying close to amenities. |
| Rowayton | Charming coastal village feel (part of Norwalk). 10-min to Metro-North. | $2,500+ | Those who prioritize a village lifestyle and are willing to pay a premium for charm. |
Commute Insight: If you're commuting to NYC, living within a 10-minute walk of the South Norwalk Metro-North station is a game-changer. The train ride to Grand Central is about 60-70 minutes. Traffic on I-95 during rush hour can add 30-45 minutes to a drive, so factor that in if your job is in town.
The Long Game: Career Growth
Norwalk is not a dead-end for career growth. The 10-year job growth of 6% indicates a mature, stable market. To accelerate your career, focus on specialty premiums and advancement paths.
Specialty Premiums (How to earn more):
- IT/Software Development: Agile/Scrum Masters can command a 10-15% premium over general PMs.
- Financial Services: PMs with knowledge of financial regulations (SEC, FINRA) and systems (like Bloomberg) are highly sought after at firms like FactSet.
- Healthcare: PMP + experience with HIPAA and electronic health records (Epic, Cerner) can boost your salary by 10-20%.
- Construction/Engineering: Licensed PE (Professional Engineer) combined with PMP is a powerful combination in Norwalk's development scene.
Advancement Paths:
- Individual Contributor: Project Manager -> Senior PM -> Program Manager -> Director of PMO.
- Specialist: Move into a niche like IT Portfolio Manager or Construction Project Executive.
- Consultant: Many experienced PMs in Norwalk transition to freelance consulting, serving the many small-to-midsize businesses in the area.
10-Year Outlook: The growth will likely be in tech and healthcare. Norwalk’s investment in its downtown and waterfront (like the Washington Street project) will continue to attract businesses. Project Managers who adapt to digital transformation, sustainability (green building projects), and remote/hybrid team management will see the most opportunities.
The Verdict: Is Norwalk Right for You?
| Pros | Cons |
|---|---|
| Strong Job Market: Diverse employer base with 184 jobs and 6% growth. | High Cost of Living: Rent and home prices are steep ($2,173/mo for 1BR). |
| Good Salary: Median of $102,404 is competitive vs. national average ($101,280). | Connecticut Taxes: State income tax (5%) and property taxes can be heavy. |
| Ideal Location: Equidistant to NYC and New Haven. Beaches, parks, and culture. | Traffic: I-95 congestion is a major daily frustration for drivers. |
| Vibrant Lifestyle: SoNo's dining/nightlife, local festivals, and coastal living. | Can Feel Competitive: The market is mature; standing out requires certifications. |
| Good Schools: Norwalk public and private schools are well-regarded. | Limited Public Transit: Within Norwalk, a car is almost essential. |
Final Recommendation:
Norwalk is an excellent choice for Project Managers who are mid-career or looking to specialize. It's ideal if you value a balance between urban amenities and coastal living, and if you're willing to invest in certifications (like PMP) to maximize your earning potential. It's less ideal for entry-level PMs on a single income trying to save for a home immediately, or for those who want a purely car-free, urban lifestyle. If you can handle the commute and the taxes, Norwalk offers a stable, rewarding career path.
FAQs
1. Is it feasible to commute to NYC from Norwalk as a Project Manager?
Absolutely. Many do. The Metro-North train from South Norwalk to Grand Central takes about 60-70 minutes. A monthly pass costs around $300-$400. Factor this into your budget and time. The train is far more reliable than driving on I-95.
2. How important is a PMP certification in the Norwalk market?
It's highly important, especially for mid-to-senior roles. For entry-level, CAPM can suffice. In competitive interviews at places like Xerox or FactSet, a PMP often gets your resume to the top of the pile. It's a worthwhile investment.
3. What's the typical career path for a Project Manager in Norwalk?
Most start in coordinator roles, earn their PMP, and move into a Project Manager position at a local firm. After 5-7 years, you can advance to Senior PM, then to a Program Manager or a Director role in a Project Management Office (PMO). Specializing in a high-demand industry (tech, finance, healthcare) is the fastest way to higher salaries.
4. Are there remote work opportunities for Project Managers in Norwalk?
Yes, and they're growing. Many Norwalk-based companies (especially tech and finance) offer hybrid models. However, being local is still a advantage for in-person stakeholder meetings and team building, especially in the early stages of a project.
5. What's the best way to network for project management jobs in Norwalk?
Join the PMI Connecticut Chapter (pmi-ct.org). They host events in the Fairfield County area. Also, use LinkedIn to connect with PMs and recruiters at Norwalk employers like FactSet and Xerox. Attend local business events in South Norwalk’s Oyster Shell Park or at the Norwalk Inn. The local network is active but not as large as NYC's, so every connection counts.
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