Median Salary
$98,484
Vs National Avg
Hourly Wage
$47.35
Dollars / Hr
Workforce
0.0k
Total Jobs
Growth
+6%
10-Year Outlook
The Salary Picture: Where Sheridan Stands
Let's get right to the numbers, because in Sheridan, Wyoming, your paycheck goes further than almost anywhere else in the country. For a Project Manager, the financial picture is both competitive and highly advantageous when you factor in the low cost of living.
According to the most recent data from the Bureau of Labor Statistics (BLS) and local market analysis, the median salary for a Project Manager in Sheridan, WY, is $98,484 per year. This translates to an hourly rate of $47.35. It's important to note that this median sits slightly below the national average of $101,280/year for the same role. However, this comparison is misleading without context. The national figure is skewed by high-cost metropolitan areas like San Francisco and New York, where salaries are inflated to match exorbitant living expenses.
In Sheridan, the lower salary is more than compensated for by the region's affordability. The job market itself is tight but specialized. There are approximately 38 active job postings for Project Managers in the Sheridan metro area at any given time, reflecting a steady, if not explosive, demand. The 10-year job growth projection for the region is 6%, which is modest but stable, indicating a resilient local economy that isn't subject to the boom-and-bust cycles seen in larger, more volatile markets.
Experience-Level Breakdown
Salary in project management is heavily dependent on experience and the complexity of projects you can handle. Hereโs how pay scales in Sheridan:
| Experience Level | Years of Experience | Estimated Annual Salary Range |
|---|---|---|
| Entry-Level | 0-2 years | $72,000 - $85,000 |
| Mid-Career | 3-7 years | $90,000 - $110,000 |
| Senior | 8-15 years | $110,000 - $135,000 |
| Expert/Lead | 15+ years | $135,000+ |
Note: These ranges are estimates based on local job postings and industry benchmarks.
Comparison to Other Wyoming Cities
To understand where Sheridan stands, it's helpful to compare it to other key Wyoming cities. While Cheyenne and Casper are larger and may offer slightly higher salaries for certain corporate roles, Sheridan's unique blend of industries and quality of life makes it a compelling choice.
| City | Median Salary (Project Manager) | Cost of Living Index (US Avg = 100) | Key Industries |
|---|---|---|---|
| Sheridan | $98,484 | 90.8 | Energy, Healthcare, Education, Manufacturing |
| Cheyenne | ~$102,000 | 92.5 | Government, Transportation, Energy |
| Casper | ~$100,500 | 91.2 | Energy, Healthcare, Construction |
| Laramie | ~$95,000 | 90.5 | Education, Government, Tech |
As you can see, Sheridan's salary is competitive within the state, while its cost of living is among the lowest. The $876/month average rent for a 1-bedroom apartment in Sheridan is a significant financial advantage compared to national averages and even other Wyoming cities.
๐ Compensation Analysis
๐ 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
Let's break down what a $98,484 annual salary means for your monthly budget in Sheridan. This calculation assumes a single filer with no dependents, using 2023-2024 federal tax brackets and standard deductions. State income tax in Wyoming is 0%, which is a major benefit.
- Gross Monthly Salary: $98,484 / 12 = $8,207
- Estimated Federal Tax & FICA: ~$1,750/month
- Net Take-Home Pay: ~$6,457/month
Now, let's factor in rent. The average rent for a 1-bedroom apartment is $876/month. For a nicer 1-bedroom in a desirable neighborhood or a 2-bedroom, you might pay between $1,100 and $1,400.
Sample Monthly Budget for a Project Manager (Net Pay: $6,457):
| Expense Category | Estimated Cost | Notes |
|---|---|---|
| Rent (1-BR Avg) | $876 | Can vary by neighborhood. |
| Utilities | $150 | Includes electricity, gas, internet. |
| Groceries | $400 | Cooking at home is cost-effective. |
| Transportation | $350 | Car payment/insurance, gas. Public transit is limited. |
| Health Insurance | $300 | Varies by employer plan. |
| Retirement Savings | $650 | Aiming for 10% of gross pay. |
| Discretionary/Other | $3,731 | This is your true spending power. |
This budget leaves a substantial amount for discretionary spending, savings, or paying down debt. The low rent is the key factor here.
Can They Afford to Buy a Home?
Absolutely, and with significant ease compared to national averages. The median home price in Sheridan is approximately $325,000. Let's assume a 10% down payment ($32,500), a 30-year fixed mortgage at 6.5% interest.
- Loan Amount: $292,500
- Monthly Mortgage Payment (P&I): ~$1,847
- Estimated Property Tax & Insurance: ~$350/month
- Total Monthly Housing Cost: ~$2,197
A Project Manager earning the median salary of $98,484 has a net monthly income of ~$6,457. Spending $2,197 on housing is about 34% of their take-home pay, which is within the standard guideline (under 30% of gross pay is ideal, but 34% of net is manageable, especially with no state income tax). With the remaining $4,260/month, homeowners can comfortably cover all other expenses and savings. Homeownership is a very realistic goal here.
๐ฐ Monthly Budget
๐ Snapshot
Where the Jobs Are: Sheridan's Major Employers
Sheridan's economy is a diverse mix of energy, healthcare, education, and specialized manufacturing. Project management roles are not always advertised as "Project Manager" but often as "Operations Manager," "Construction Superintendent," or "Program Coordinator." Knowing the key players is crucial.
Sheridan County School District #1: The largest employer in the county. They manage multi-million dollar construction projects for new schools and renovations, technology integration programs, and district-wide initiatives. Project managers here often have a background in education or construction management. Hiring is stable and tied to the school year and bond elections.
Sheridan Memorial Hospital (now part of LifePoint Health): As the regional medical center, they are constantly involved in capital projects, from new imaging wings to electronic health record (EHR) implementations and facility expansions. Project managers with PMP certification and healthcare IT experience are highly valued. Insider Tip: Networking with hospital administrators at local Chamber of Commerce events is more effective than applying cold.
Cloud Peak Energy (and its successors): While the coal industry has seen volatility, the legacy of large-scale mining operations in the Powder River Basin means there is still demand for project managers in reclamation, environmental compliance, and infrastructure maintenance. Companies managing these contracts are key employers.
Manufacturing & Fabrication Shops: Sheridan has a robust base of small-to-mid-sized manufacturers (e.g., metal fabrication, specialized equipment). Companies like K & K Industrial or Mountain View Metal Works often need project managers to oversee client orders, shop floor efficiency projects, and new product lines. These are hands-on roles for those who like to be on the ground.
Wyoming Military Department (Camp Guernsey): While a 45-minute drive east, this large training facility is a major employer for project managers in construction, logistics, and training program development. The work is stable and often involves managing government contracts.
Energy Sector Service Companies: Companies providing services to the oil, gas, and wind energy sectors (e.g., logistics, equipment repair, environmental services) are a growing niche. Project managers here oversee field operations, supply chain coordination for remote sites, and safety protocol implementation.
Hiring Trends: Hiring is often cyclical. The school district and hospital have steady cycles tied to fiscal years (July-June). Energy sector hiring can be more volatile, linked to commodity prices and regulatory shifts. The best time to look for jobs is typically from January through May, before the summer construction and tourism season picks up.
Getting Licensed in WY
Wyoming does not have a state-specific license for "Project Managers" in the way it does for engineers or contractors. However, professional certification is highly regarded and often a de facto requirement for senior roles.
PMP (Project Management Professional) Certification: This is the gold standard, offered by the Project Management Institute (PMI). It requires:
- A secondary degree (high school diploma, associateโs degree) with 7,500 hours of project leadership and 35 hours of project management education.
- Or a four-year degree with 4,500 hours of project leadership and 35 hours of education.
- Cost: ~$405 for PMI members, ~$555 for non-members (exam fee). Study materials/courses can add $500-$2,000.
- Timeline: 3-6 months of study is typical. The process is self-paced. You can apply, study, and take the exam online.
State-Specific Requirements for Construction: If you're managing construction projects, you may need a Wyoming Contractor's License. The state issues licenses for General, Residential, and Specialty contractors. This is regulated by the Wyoming Contractors Association and the state's Department of Fire Prevention and Electrical Safety. The process involves passing an exam, providing proof of financial stability, and obtaining a surety bond. Costs vary but can be several thousand dollars. This is only necessary if you are the contractor of record.
Getting Started: The Wyoming Department of Workforce Services website is a good resource for general career licensing. For PMP, start directly with the PMI website. There are no local testing centers in Sheridan; you would likely take the exam at a proctored facility in Billings, MT, or online.
Best Neighborhoods for Project Managers
Choosing where to live in Sheridan depends on your lifestyle and commute. The city is small, so commutes are short, but neighborhoods have distinct characters.
Downtown Historic District: The heart of the city. You're walkable to the historic Main Street, restaurants, and the WYO Theater. Ideal for someone who wants a vibrant, small-town feel. Rent for a 1-BR apartment in a historic building: $900 - $1,300/month.
- Commute: 0-5 minutes by car, walkable for everything downtown.
North Sheridan (The "North End"): A quieter, more residential area with larger lots and classic ranch-style homes. Popular with families and professionals who want space and privacy. Rent for a 1-BR or 2-BR: $800 - $1,200/month.
- Commute: 5-10 minutes to downtown or the hospital.
East Sheridan (Near Sheridan College): A mix of students, faculty, and young professionals. Offers newer apartment complexes and single-family homes. Proximity to the college means amenities and a slightly more academic vibe. Rent for a 1-BR: $850 - $1,100/month.
- Commute: 5-8 minutes to downtown, 10-15 minutes to the hospital.
South Sheridan (The "South End"): More suburban, with newer developments and shopping centers. Attracts families and those who prefer a modern, suburban lifestyle with easy access to big-box stores. Rent for a 1-BR: $750 - $1,000/month.
- Commute: 10-15 minutes to downtown.
Townsend Road Area: An emerging area with newer, more affordable housing developments. It's a bit farther from the core but offers modern amenities and is a good option for those on a tighter budget. Rent for a 1-BR: $700 - $900/month.
- Commute: 15-20 minutes to downtown.
Insider Tip: The rental market in Sheridan is not as fluid as in big cities. Good listings go fast. It's worth connecting with local property management companies like Sheridan Property Management or Rent-A-Home before you move to get on their lists.
The Long Game: Career Growth
In Sheridan, career growth for project managers is less about climbing a corporate ladder in a single company and more about diversifying your project portfolio and earning specialized credentials.
Specialty Premiums: Certain specializations command higher salaries. Construction/Construction Management is a top earner due to the ongoing infrastructure and housing needs. IT/EHR Implementation (especially in healthcare) is another high-demand, high-pay area. Energy/Environmental Compliance projects, while more niche, pay a premium due to regulatory complexity.
Advancement Paths: The typical path isn't "Project Manager to Director of PMO" in a giant corporation. Instead, it's:
- Project Coordinator (at a school, hospital, or small firm).
- Project Manager (managing full-lifecycle projects).
- Senior Project Manager or Program Manager (overseeing multiple related projects, e.g., all school district renovations).
- Consultant or Independent Contractor (highly experienced PMs can go solo, serving multiple small businesses that need project leadership but can't hire full-time).
10-Year Outlook (Based on 6% Growth): The 6% job growth is solid. Over a decade, this means roughly 23 new project management positions (6% of 38). This isn't explosive growth, but it's stable. The key for long-term success will be:
- Building a Local Network: Your next job will likely come through a connection, not a job board.
- Embracing Hybrid Skills: A PM who understands construction and digital tools, or healthcare and logistics, will be invaluable.
- Staying Agile: Willingness to work on a wide variety of projects (public, private, non-profit) will keep you employed and in demand.
The Verdict: Is Sheridan Right for You?
Making the move to Sheridan is a lifestyle choice as much as a career decision. Hereโs a clear breakdown of the pros and cons.
| Pros | Cons |
|---|---|
| Low Cost of Living: Your $98,484 salary stretches incredibly far. | Limited Job Market: Only 38 jobs are a small pool; you can't be overly specialized. |
| Outdoor Access: Unmatched access to hiking, fishing, hunting, and skiing (Big Horn Mountains). | Remote Location: 2+ hours to a major airport (Billings, MT). Few direct flights. |
| Safe, Small-Town Vibe: Low crime, friendly community, tight-knit professional network. | Limited Entertainment: No major sports teams, concerts, or diverse cultural events. |
| Low Commute Times: Average commute is under 15 minutes. | Weather: Harsh, long winters with significant snowfall. |
| Stable Industries: Education, healthcare, and energy provide consistent employment. | Healthcare Access: For highly specialized care, you may need to travel to Billings or Denver. |
Final Recommendation: Sheridan is an excellent choice for a project manager who values work-life balance, affordability, and outdoor recreation over the amenities of a large city. It's ideal for those with a family, or for someone who wants to build a home and a life without the pressure of a high-cost, high-stress urban environment. If you are a highly specialized PM (e.g., in a niche tech field) or require a dynamic, fast-paced corporate environment, Sheridan may feel limiting. For the majority of project managers, especially those in construction, education, and healthcare, it offers a rare and rewarding balance of career opportunity and quality of life.
FAQs
1. Is the PMP certification required to get a project management job in Sheridan?
No, it is not legally required. However, for senior-level roles in organizations like the hospital or school district, it is often listed as a preferred qualification. For entry-level or coordinator roles, relevant experience can substitute. Investing in your PMP will significantly boost your competitiveness and earning potential.
2. How easy is it to find housing, and what's the rental market like?
The rental market is competitive for quality units. The average rent of $876 is accurate, but desirable 1- and 2-bedroom apartments in good locations are limited. It's crucial to start your search 60-90 days before your move date. Connecting with local property managers is highly recommended.
3. What is the social scene like for a single professional?
Sheridan is a small town, so socializing is community-based. You'll find connections through workplace networks, joining clubs (e.g., Rotary, Chamber of Commerce), attending events at the WYO Theater, or through outdoor recreation groups. It's not a nightlife hub, but there is a strong sense of community for those who engage with it.
4. How does the 10-year job growth of 6% impact my long-term prospects?
The 6% growth indicates stability, not rapid expansion
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