Median Salary
$48,500
Vs National Avg
Hourly Wage
$23.32
Dollars / Hr
Workforce
N/A
Total Jobs
Growth
+3%
10-Year Outlook
As a career analyst whoâs spent years tracking the Richmond, Kentucky market, I can tell you this: itâs a fascinating case study. Itâs not the sprawling metropolis of Louisville or the tech-centric hub of Lexington, but it holds its own with a unique blend of higher education, healthcare, and manufacturing that creates steady demand for skilled Project Managers. If you're considering a move here, you need the unvarnished, data-driven realityânot a tourist brochure.
Letâs break down what it truly means to build a project management career in Richmond, KY.
The Salary Picture: Where Richmond Stands
First, the numbers that matter. According to the most recent data, the median salary for a Project Manager in Richmond is $98,241/year, which breaks down to an hourly rate of $47.23/hour. This places Richmond slightly below the national average of $101,280/year, but given the cityâs cost of living, that gap is more semantic than practical. The metro area, which includes Madison County, has about 70 active project management jobs at any given time, with a 10-year job growth projected at 6%. This isnât explosive growth, but itâs stable and consistentâperfect for those who value job security over the volatility of a startup scene.
Hereâs how salaries typically break down by experience level in this specific market. Note that these are local estimates based on aggregated job postings and industry reports.
| Experience Level | Average Salary Range (Richmond, KY) | Key Responsibilities |
|---|---|---|
| Entry-Level (0-2 years) | $65,000 - $78,000 | Coordinating project schedules, managing documentation, assisting senior PMs, risk tracking. |
| Mid-Career (3-7 years) | $85,000 - $105,000 | Leading full project lifecycles, budget management, stakeholder communication, team leadership. |
| Senior (8-15 years) | $110,000 - $135,000 | Managing large, complex programs, strategic planning, portfolio oversight, mentoring. |
| Expert/Principal (15+ years) | $140,000+ | Executive-level portfolio management, organizational change leadership, industry specialization. |
Insider Tip: The $98,241 median is a strong benchmark, but many senior roles in the local healthcare and engineering sectors can push past $120,000, especially with PMP certification. Donât anchor solely on the median; your value is dictated by industry and specialty.
For context, letâs compare Richmond to other Kentucky cities.
| City | Median Salary | Cost of Living Index (US=100) | Take-Home Power |
|---|---|---|---|
| Richmond | $98,241 | 90.0 | High |
| Louisville | $103,500 | 92.5 | Moderate |
| Lexington | $102,100 | 95.0 | Moderate |
| Bowling Green | $91,800 | 87.5 | High |
While Louisville and Lexington offer slightly higher nominal salaries, their higher cost of living erodes that advantage. Richmondâs 90.0 index means your dollar stretches further, making the effective purchasing power of that $98,241 remarkably competitive within the state.
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đ Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
đ° Monthly Budget
đ Snapshot
The Real Take-Home: After Taxes and Rent
Letâs get practical. A Project Manager earning the median $98,241 in Richmond sees a different financial reality than in a high-cost coastal city. Hereâs a conservative monthly budget breakdown for a single filer, assuming standard deductions (federal, state, FICA) and a 401(k) contribution of 4%.
- Gross Monthly Income: $8,187
- Estimated Taxes & Deductions (28%): ~$2,292
- Net Monthly Income (Take-Home): ~$5,895
- Average 1BR Rent ($810): 13.7% of take-home pay
- Remaining for Utilities, Food, Transport, Savings: $5,085
This is an incredibly comfortable margin. The critical question is: Can you afford to buy a home?
The median home price in Madison County is approximately $220,000. With a 20% down payment ($44,000), a 30-year mortgage at 6.5% would carry a monthly payment (PITI) of around $1,400. Thatâs just 24% of your take-home pay, well under the recommended 28-30% threshold. Even with a smaller down payment, homeownership is highly attainable on a single PM salary in Richmond. This is a significant advantage over markets like Lexington or Louisville, where the same income would put homeownership further out of reach.
Where the Jobs Are: Richmond's Major Employers
Richmondâs job market is anchored by a few key sectors. Project Managers arenât in high demand at every corner store, but they are critical in the organizations that power the local economy. Here are the primary employers to target:
Eastern Kentucky University (EKU): As the cityâs largest employer, EKUâs Office of Facilities Management and IT department regularly hires Project Managers for campus construction, renovation, and technology implementation projects. These are stable, often union-adjacent roles with excellent benefits. Hiring trends show a consistent need, driven by ongoing campus modernization.
Madison Health (part of Baptist Health): The primary hospital system in the region. Project Managers are needed for electronic health record (EHR) implementations, new facility expansions (like the recent surgical center projects), and process improvement initiatives. With healthcare ać°¸ growth industry, this is a reliable sector. Check their careers page for "Clinical Informatics" or "IT Project Manager" roles.
Toyota Motor Manufacturing Kentucky (Georgetown, 20-min commute): While not in Richmond, it's the dominant regional employer for advanced manufacturing. Toyotaâs vast supply chain and ongoing plant expansions require rigorous project management. Many Richmond residents commute here. The demand is for PMs with experience in lean manufacturing, supply chain logistics, and Six Sigma. The pay is often at the top of the local range.
The City of Richmond & Madison County Government: Public sector projectsâfrom road improvements and park developments to IT infrastructure upgradesârequire PMP-certified or experienced Project Managers. These jobs offer unparalleled job security and benefits, though the hiring process can be slower. Look for postings on governmentjobs.com.
Local Engineering & Architecture Firms: Firms like Braunschweiger, Kyle & Associates or WSP (with local offices) handle civil and structural projects for both public and private clients. They hire Project Managers to oversee design and construction phases for infrastructure, commercial buildings, and site development.
Manufacturing & Distribution: Beyond Toyota, other manufacturers like Bridgestone (Tire Plant in nearby Mt. Sterling) and a growing number of logistics/distribution centers (serving I-75 corridor traffic) need PMs for operational efficiency, new line installations, and facility management.
Insider Tip: The most lucrative opportunities are often in the intersection of healthcare and IT. A Project Manager with PMP and a certification in Agile/Scrum, who understands clinical workflows, is a golden candidate for Madison Health or EKUâs IT department.
Getting Licensed in KY
Kentucky does not have a mandatory state license specifically for "Project Manager" titles, unlike professions such as engineering or architecture. However, credentials are paramount for career advancement.
- PMP (Project Management Professional): This is the gold standard, administered by the Project Management Institute (PMI). It requires 36 months of leading projects with a bachelorâs degree (or 60 months without) and 35 hours of formal education. The exam cost is ~$405 for members, ~$555 for non-members. In Richmond, this certification can directly increase your earning potential by 10-15%.
- State-Specific Requirements: For public works or construction projects, Kentucky may require PMs to be licensed as Professional Engineers (PE) or hold a General Contractorâs License if they are also overseeing the work directly. The Kentucky Board of Engineers and Land Surveyors handles PE licensure, which requires passing the FE and PE exams. This is only relevant for construction or civil engineering PM roles.
- Timeline to Get Started: If you start with no certification, budget 3-6 months to study for and pass the PMP exam. The process involves application, study, and scheduling. For state contractor licenses, the timeline is longer, often 6-12 months, involving experience verification and exams.
Best Neighborhoods for Project Managers
Where you live in Richmond impacts your commute, lifestyle, and social circle. The city is compact, but neighborhoods have distinct vibes.
| Neighborhood | Vibe & Commute | Typical 1BR Rent | Best For |
|---|---|---|---|
| Downtown Richmond | Historic, walkable, near EKU. 5-10 min to most employers. | $750 - $950 | Young professionals, those who want cafes and local events on their doorstep. |
| Eastern Bypass Area | Suburban, modern apartments, big-box stores. 10-15 min commute. | $800 - $1,050 | Convenience, easy access to I-75, and newer amenities. |
| North Richmond / Boonesboro | Quiet, residential, single-family homes. 10-20 min commute. | $700 - $900 (for a shared house) | Those looking to buy a home, prefer space and quiet. |
| Georgetown Pike Area | Mixed-use, closer to the Georgetown/Toyota corridor. 15-25 min commute. | $775 - $975 | Commuters to Toyota or Georgetown who want to minimize drive time. |
| EKU Campus Vicinity | Collegiate energy, lots of rental housing, very walkable. 5-15 min commute. | $700 - $900 | Recent graduates or those who enjoy a vibrant, youthful atmosphere. |
Insider Tip: Traffic in Richmond is minimal. A "long" commute is 20 minutes. Prioritize your lifestyle preference over shaving 5 minutes off a drive. The area around Downtown and EKU offers the best social integration for newcomers.
The Long Game: Career Growth
Richmond is not a hotbed for rapid, vertical career growth in the traditional sense. The 10-year job growth of 6% confirms this is a steady, not explosive, market. Your growth here is about specialization and strategic moves.
- Specialty Premiums: The highest premiums are for PMs who can bridge domains:
- Healthcare IT/EHR: +15-20% over base.
- Agile/Scrum in Manufacturing: +10-15%.
- Construction Management with PE License: +20-30% (but requires significant investment in licensure).
- Advancement Paths: The typical path is from PM to Senior PM, then to Program Manager (overseeing multiple projects) or Portfolio Manager (strategic alignment). In Richmond, these senior roles are concentrated at EKU, Madison Health, and Toyota. Another path is to move into Operations Management, using PM skills to optimize entire departments.
- 10-Year Outlook: Stability is the key word. The demand will be sustained by the aging infrastructure needing upgrades, the growth of healthcare, and the steady state of EKU and local government. The rise of remote work also allows Richmond-based PMs to apply for roles in Lexington or Louisville without relocating, expanding their opportunities while enjoying a lower cost of living.
The Verdict: Is Richmond Right for You?
Pros and Cons for a Project Manager
| Pros | Cons |
|---|---|
| Extremely affordable cost of living. Your $98,241 salary feels like $130,000+ in major metro areas. | Limited high-end job market. Fewer Fortune 500 HQs or cutting-edge tech companies. |
| Stable, predictable job market anchored by education, healthcare, and government. | Slower career velocity. Promotion cycles can be longer; you must be proactive. |
| Short, stress-free commutes. You can live anywhere and reach work quickly. | Cultural and social scene is modest. Limited nightlife, dining, and international events. |
| Strong sense of community. Easier to network and build a reputation. | Proximity to Lexington/Louisville. A double-edged sword; you may need to commute for more specialized roles. |
| High quality of life for families. Good schools, low crime, outdoor recreation (near Red River Gorge). | Can feel "insular." Long-time locals can be resistant to outsiders (though this is fading). |
Final Recommendation: Richmond, KY is an excellent choice for a Project Manager who prioritizes financial stability, a high quality of life, and a manageable pace. It is ideal for mid-career professionals looking to buy a home, start a family, or escape the grind of a major city. It is less ideal for those seeking the fast-paced innovation of a tech hub or the endless networking opportunities of a metropolis. If you value purchasing power and stability over prestige and rapid advancement, Richmond is a hidden gem.
FAQs
1. Is PMP certification mandatory to get a Project Manager job in Richmond?
No, it's not legally mandatory, but it is a de facto requirement for most mid-to-senior level roles, especially at major employers like EKU and Madison Health. For entry-level positions, relevant experience can sometimes substitute, but investing in the PMP is the single best career move you can make in this market.
2. How competitive is the job market for Project Managers in Richmond?
With only ~70 jobs in the metro, it's a niche market. Competition is moderate. You won't see hundreds of applicants for a single posting like in a major city, but you must be a strong fit. Tailor your resume to local industries (healthcare, education, manufacturing) and leverage local connections through LinkedIn or EKU alumni networks.
3. What's the best way to find Project Manager jobs in Richmond?
Start with local job boards: Kentucky Career Center (Richmond), EKU's internal job site, and Baptist Health's careers page. For government jobs, use governmentjobs.com. Also, connect with local recruiters from firms like Robert Half or Kelly Services, who often handle contract-to-hire roles for local employers.
4. Can I work remotely for a company outside of Richmond?
Absolutely. Many Richmond-based PMs work for companies in Lexington, Louisville, or even out-of-state. The reliable internet infrastructure and low cost of living make it an attractive base for remote work. This can effectively double your job opportunities without leaving the city.
5. What's the social scene like for a single professional in their 30s?
It's active but not overwhelming. You'll find a strong community centered around Downtown Richmond (with breweries like Richmond Brewing Company), EKU sports, and outdoor clubs (hiking, cycling). Networking happens more through professional associations (like PMI Bluegrass Chapter, which meets in Lexington) and community events. It's less about nightlife and more about building a real social circle.
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