Property, Real Estate, and Community Association Managers in the Albany-Schenectady-Troy, NY area earn an impressive average annual salary of $93,460. This figure significantly surpasses the national average of $82,410, indicating a strong local demand and potentially higher cost of doing business or specialized market needs within the region that drive compensation. The robust local economy and the specific demands of managing properties in this metropolitan area likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $93,460 per year.
- Growth Trend: Salaries have shifted 1.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $139,330.
- Outlook: The Albany-Schenectady-Troy, NY market for Property, Real Estate, and Community Association Managers appears stable, with a total local workforce of 400 individuals in this role. The Location Quotient of 0.47 suggests that while this profession is present, it is less concentrated than the national average, implying a potentially less saturated job market. With 0.898 jobs per 1,000 workers, the demand is consistent, offering steady opportunities for skilled professionals.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Albany-Schenectady-Troy, NY earns+13.4%above the national average.
$44.9
$1,797
$7,788
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data is not provided, it's reasonable to assume that salaries for Property, Real Estate, and Community Association Managers in Albany-Schenectady-Troy, NY have experienced steady growth over the past four years. This trend is generally observed across the real estate sector, driven by inflation, increasing property values, and the growing complexity of property management. Professionals in this field can anticipate a positive trajectory in their earning potential.
Property, Real Estate, and Community Association Managers Salary Distribution in Albany-Schenectady-Troy, NY
Career progression for Property, Real Estate, and Community Association Managers is typically marked by significant salary increases. Entry-level positions may start at a lower percentile, but with accumulated experience, specialized certifications, and a proven track record, professionals can advance to senior roles commanding top-tier salaries. The widening gap between entry-level and senior-level compensation percentiles clearly signifies the value placed on expertise and tenure in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,770 | $23.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $70,095 | $33.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,900 | $37 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $116,825 | $56.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $139,330 | $67 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$93,460
Gross Pay
Real Wage (Purchasing Power)
$93,460
Adjusted for COL (100)
The average annual salary of $93,460 in Albany-Schenectady-Troy, NY aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a manager's salary in this area is equivalent to the national standard, allowing for a comfortable lifestyle without the added financial strain of a significantly higher cost of living.
Job Market Context
400
Total Jobs
0.898
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Albany-Schenectady-Troy, NY has a notably lower concentration of Property, Real Estate, and Community Association Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.47 indicates that Property, Real Estate, and Community Association Managers are less concentrated in the Albany-Schenectady-Troy, NY area compared to the national average. This suggests that while the profession is established, it is not as dominant a sector as it is nationwide, potentially leading to a more specialized and less competitive hiring environment for employers seeking talent, and perhaps more opportunities for skilled individuals.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Albany-Schenectady-Troy, NY
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Albany-Schenectady-Troy, NY?
The median annual salary for a Property, Real Estate, and Community Association Managers in Albany-Schenectady-Troy, NY is $93,460. This typically ranges from $49,770 for entry-level positions to $139,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 13.4% higher than the national median of $82,410.
Is Albany-Schenectady-Troy, NY a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it is a lucrative place.The average salary of $93,460 significantly exceeds the national average, and with a cost of living at the national average, your earnings offer strong purchasing power.
Is Albany-Schenectady-Troy, NY a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($85,320) and Glens Falls, NY.
How does the Albany-Schenectady-Troy, NY salary compare to the national average?
The average salary of $93,460 in Albany-Schenectady-Troy, NY is notably higher than the national average of $82,410 for Property, Real Estate, and Community Association Managers.
What is the job market like for Property, Real Estate, and Community Association Managers in this area?
The market is stable with a local workforce of 400, and a Location Quotient of 0.47 suggests it's less concentrated than the national average, indicating steady demand without oversaturation.
Does the cost of living affect the value of the salary in Albany-Schenectady-Troy, NY?
No, the cost of living index is 100, matching the national average. This means the $93,460 salary offers purchasing power equivalent to the national standard.
How many Property, Real Estate, and Community Association Managers jobs are there per 1,000 workers in Albany-Schenectady-Troy, NY?
There are approximately 0.898 jobs per 1,000 workers in this profession within the Albany-Schenectady-Troy, NY metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.898 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Property, Real Estate, and Community Association Managers • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY