diff --git a/packages/@react-spectrum/s2/src/Meter.tsx b/packages/@react-spectrum/s2/src/Meter.tsx
index 7b37291e2c7..507b8ac8d9a 100644
--- a/packages/@react-spectrum/s2/src/Meter.tsx
+++ b/packages/@react-spectrum/s2/src/Meter.tsx
@@ -46,7 +46,7 @@ export interface MeterProps extends Omit<AriaMeterProps, 'children' | 'className
 
 export const MeterContext = createContext<ContextValue<MeterProps, DOMRefValue<HTMLDivElement>>>(null);
 
-const wrapper = style<MeterStyleProps>({
+const wrapper = style({
   ...bar(),
   width: {
     default: 208,
@@ -123,7 +123,8 @@ function Meter(props: MeterProps, ref: DOMRef<HTMLDivElement>) {
       className={UNSAFE_className + wrapper({
         size,
         variant,
-        staticColor
+        staticColor,
+        labelPosition: 'top'
       }, styles)}>
       {({percentage, valueText}) => (
         <>
diff --git a/packages/@react-spectrum/s2/src/ProgressBar.tsx b/packages/@react-spectrum/s2/src/ProgressBar.tsx
index 9c9b4949c27..87319699f61 100644
--- a/packages/@react-spectrum/s2/src/ProgressBar.tsx
+++ b/packages/@react-spectrum/s2/src/ProgressBar.tsx
@@ -17,7 +17,7 @@ import {
 } from 'react-aria-components';
 import {bar, track} from './bar-utils'  with {type: 'macro'};
 import {createContext, forwardRef, ReactNode} from 'react';
-import {DOMRef, DOMRefValue} from '@react-types/shared';
+import {DOMRef, DOMRefValue, LabelPosition} from '@react-types/shared';
 import {FieldLabel} from './Field';
 import {fieldLabel, getAllowedOverrides, StyleProps} from './style-utils' with {type: 'macro'};
 import {keyframes} from '../style/style-macro' with {type: 'macro'};
@@ -37,8 +37,16 @@ interface ProgressBarStyleProps {
    * Whether presentation is indeterminate when progress isn't known.
    */
   isIndeterminate?: boolean,
-  /** The static color style to apply. Useful when the button appears over a color background. */
-  staticColor?: 'white' | 'black'
+  /** 
+   * The static color style to apply. Useful when the button appears over a color background.
+   */
+  staticColor?: 'white' | 'black',
+  /**
+   * The label's overall position relative to the element it is labeling.
+   * @default 'top'
+   */
+  labelPosition?: LabelPosition
+
 }
 
 export interface ProgressBarProps extends Omit<AriaProgressBarProps, 'children' | 'className' | 'style'>, ProgressBarStyleProps, StyleProps {
@@ -89,6 +97,7 @@ const trackStyles = style({
 const fill = style<ProgressBarStyleProps>({
   height: 'full',
   borderStyle: 'none',
+  borderRadius: 'full',
   backgroundColor: {
     default: 'accent',
     staticColor: {
@@ -117,17 +126,24 @@ const indeterminateAnimation = style({
 
 function ProgressBar(props: ProgressBarProps, ref: DOMRef<HTMLDivElement>) {
   [props, ref] = useSpectrumContextProps(props, ref, ProgressBarContext);
-  let {label, size = 'M', staticColor, isIndeterminate, UNSAFE_style, UNSAFE_className = ''} = props;
+  let {
+    label, size = 'M',
+    staticColor,
+    isIndeterminate,
+    labelPosition = 'top',
+    UNSAFE_style,
+    UNSAFE_className = ''
+  } = props;
   let domRef = useDOMRef(ref);
   return (
     <AriaProgressBar
       {...props}
       ref={domRef}
       style={UNSAFE_style}
-      className={UNSAFE_className + wrapper({...props, size}, props.styles)}>
+      className={UNSAFE_className + wrapper({...props, size, labelPosition}, props.styles)}>
       {({percentage, valueText}) => (
         <>
-          {label && <FieldLabel size={size} labelAlign="start" labelPosition="top" staticColor={staticColor}>{label}</FieldLabel>}
+          {label && <FieldLabel size={size} labelAlign="start" labelPosition={labelPosition} staticColor={staticColor}>{label}</FieldLabel>}
           {label && <span className={valueStyles({size, labelAlign: 'end', staticColor})}>{valueText}</span>}
           <div className={trackStyles({...props})}>
             <div
diff --git a/packages/@react-spectrum/s2/src/bar-utils.ts b/packages/@react-spectrum/s2/src/bar-utils.ts
index 6bf85c6077e..cb5093549b1 100644
--- a/packages/@react-spectrum/s2/src/bar-utils.ts
+++ b/packages/@react-spectrum/s2/src/bar-utils.ts
@@ -15,26 +15,51 @@ import {centerPadding} from './style-utils' with {type: 'macro'};
 export const bar = () => ({
   position: 'relative',
   display: 'grid',
-  gridTemplateColumns: '1fr auto',
-  gridTemplateAreas: [
-    'label value',
-    'bar bar'
-  ],
+  gridTemplateColumns: {
+    labelPosition: {
+      top: ['1fr', 'auto'],
+      side: ['auto', '1fr']
+    }
+  },
+  gridTemplateAreas: {
+    labelPosition: {
+      top: [
+        'label value',
+        'bar bar',
+      ],
+      side: [
+        'label bar value'
+      ]
+    }
+  },
+  alignItems: 'baseline',
   isolation: 'isolate',
   minWidth: 48, // progress-bar-minimum-width
   maxWidth: '[768px]', // progress-bar-maximum-width
-  minHeight: 'control',
+  '--field-height': {
+    type: 'height',
+    value: 'control'
+  },
+  '--track-to-label': {
+    type: 'height',
+    value: 4
+  },
+  // Spectrum defines the field label/help text with a (minimum) height, with text centered inside.
+  // Calculate what the gap should be based on the height and line height.
+  // Use a variable here rather than rowGap since it is applied to the children as padding.
+  // This allows the gap to collapse when the label/help text is not present.
+  // Eventually this may be possible to do in pure CSS: https://github.com/w3c/csswg-drafts/issues/5813
   '--field-gap': {
     type: 'rowGap',
-    value: centerPadding()
+    value: centerPadding('calc(var(--field-height) + var(--track-to-label))')
   },
+
   columnGap: 12 // spacing-200
 } as const);
 
 export const track = () => ({
   gridArea: 'bar',
   overflow: 'hidden',
-  marginTop: 4,
   borderRadius: 'full',
   backgroundColor: {
     default: 'gray-300',