In Champaign-Urbana, IL, Property, Real Estate, and Community Association Managers earn an average annual salary of $81,780. This figure is remarkably close to the national average of $82,410, indicating a stable and competitive compensation landscape. The local economic factors and demand within the Champaign-Urbana area closely mirror national trends, resulting in this near-parity.
Executive Summary
- Average Salary: $81,780 per year.
- Growth Trend: Salaries have shifted 30.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $129,770.
- Outlook: With a total local workforce of 220 professionals in this field and a Location Quotient of 1.08, Champaign-Urbana demonstrates a slightly higher concentration of these roles than the national average. This suggests a healthy and perhaps growing demand for property, real estate, and community association managers within the region, indicating a robust job market for skilled individuals.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Champaign-Urbana, IL earns-0.8%below the national average.
$39.3
$1,573
$6,815
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Property, Real Estate, and Community Association Managers in Champaign-Urbana have experienced steady growth over the past four years, aligning with general economic trends and increasing property management complexities. This upward trajectory likely reflects a sustained demand for experienced professionals in the area.
Property, Real Estate, and Community Association Managers Salary Distribution in Champaign-Urbana, IL
Career progression for Property, Real Estate, and Community Association Managers in Champaign-Urbana typically involves a significant salary increase with experience. Entry-level positions might start at a lower percentile, while senior roles, commanding greater responsibility and expertise, can reach the higher percentiles of the salary range, reflecting a clear path for career and financial advancement.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,920 | $22.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $61,335 | $29.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,480 | $32 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $102,225 | $49.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $129,770 | $62.4 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$81,780
Gross Pay
Real Wage (Purchasing Power)
$81,780
Adjusted for COL (100)
The average annual salary of $81,780 in Champaign-Urbana, IL, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the nominal salary offers purchasing power equivalent to the national average, making relocation financially neutral from a cost-of-living perspective.
Job Market Context
220
Total Jobs
2.084
Per 1K Jobs
1.08
Location Quotient
With a location quotient of 1.08, Champaign-Urbana, IL has a slightly higher-than-average concentration of Property, Real Estate, and Community Association Managers roles compared to the national norm.
The Location Quotient of 1.08 for Property, Real Estate, and Community Association Managers in Champaign-Urbana signifies a job market that is slightly more concentrated than the national average. This suggests that while the demand is present and slightly above par, the market is not oversaturated, offering a balanced environment for both job seekers and employers.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Champaign-Urbana, IL
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Champaign-Urbana, IL?
The median annual salary for a Property, Real Estate, and Community Association Managers in Champaign-Urbana, IL is $81,780. This typically ranges from $46,920 for entry-level positions to $129,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Champaign-Urbana, IL is 0.8% lower than the national median of $82,410.
Is Champaign-Urbana, IL a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it offers competitive compensation.The average salary of $81,780 is on par with the national average, and the cost of living is also at the national average, indicating strong purchasing power for these professionals.
Is Champaign-Urbana, IL a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Champaign-Urbana, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Champaign-Urbana, IL?
Some top paying nearby cities include Decatur, IL ($72,980) and West Central Illinois nonmetropolitan area.
How does the Champaign-Urbana salary compare to the national average?
The average salary of $81,780 in Champaign-Urbana is very close to the national average of $82,410, indicating competitive pay within the region.
What is the cost of living in Champaign-Urbana, IL?
The cost of living in Champaign-Urbana is exactly at the national average, with an index of 100, meaning your salary's purchasing power is equivalent to the national standard.
Is there high demand for property managers in Champaign-Urbana?
With a Location Quotient of 1.08, there is a slightly higher concentration of these roles than the national average, suggesting a healthy demand for property, real estate, and community association managers.
How many property managers are there in Champaign-Urbana?
There are approximately 220 Property, Real Estate, and Community Association Managers working in the Champaign-Urbana area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Champaign-Urbana, IL area with a job density of 2.084 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 Champaign-Urbana, IL