As of August 01, 2026, the average salary for a Contract Project Manager in Old Saybrook, CT is $101,555 per year, which breaks down to an hourly rate of $49.
However, a Contract Project Manager's salary can vary significantly. Here’s a look at the typical salary range:
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A Contract Project Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Contract Project Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Contracts... Level Contract Project Manager | $66,340 |
| Contracts... Level Contract Project Manager | $77,902 |
| Contract ... Level Contract Project Manager | $102,334 |
| Contracts... Level Contract Project Manager | $118,989 |
| Contracts... Level Contract Project Manager | $145,844 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 5.85% |
| Microsoft Office | 3.01% |
| Billing | 1.78% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Government Contracting
|
$107,648 |
6%
|
|
SOW
|
$105,617 |
4%
|
|
Leadership
|
$105,617 |
4%
|
|
Economics
|
$104,601 |
3%
|
|
Statement of Work
|
$104,601 |
3%
|
|
Collaboration
|
$104,601 |
3%
|
For Contract Project Manager roles, the industry you choose can affect earning potential by as much as 55% (the gap between the highest and lowest paying industries). Data shows that the Pharmaceuticals and Financial Services sectors offer the strongest compensation, at 40% above the average. In contrast, Contract Project Manager positions in Retail & Wholesale or MFG Nondurable typically offer lower base pay, as these industries often view Contract Project Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Pharmaceuticals | $142,176 | $68.0 | 40% |
| Financial Services | $121,865 | $59.0 | 20% |
| Software & Networking | $113,741 | $55.0 | 12% |
| Healthcare | $111,710 | $54.0 | 10% |
| Aerospace & Defense | $109,679 | $53.0 | 8% |
Understanding how a Contract Project Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on August 01, 2026Ready to take the next step in your career? Browse thousands of current Contract Project Manager job openings on our job board. Use the search bar below to find your perfect match.
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