Property, Real Estate, and Community Association Managers in the Chicago-Naperville-Elgin, IL-IN area earn an impressive average annual salary of $91,150. This figure notably surpasses the national average of $82,410, suggesting that the dynamic real estate market and unique urban-rural landscape of this metropolitan region command higher compensation for these professionals. The specific demands of managing diverse properties within this large and complex economic hub likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $91,150 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $154,590.
- Outlook: The local job market for Property, Real Estate, and Community Association Managers in Chicago-Naperville-Elgin, IL-IN appears robust, with a total workforce of 8,330 individuals in this role. The Location Quotient of 0.97 indicates a concentration very close to the national average, suggesting a stable and established demand for these professionals within the region. With 1.861 jobs per 1,000 workers, the market offers consistent opportunities for skilled managers.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Chicago-Naperville-Elgin, IL-IN earns+10.6%above the national average.
$43.8
$1,753
$7,596
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 the Chicago-Naperville-Elgin, IL-IN area have experienced steady growth over the past four years. Factors such as inflation, increasing property values, and evolving management complexities typically drive upward salary trends in this sector, reflecting a maturing and potentially expanding job market.
Property, Real Estate, and Community Association Managers Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Property, Real Estate, and Community Association Managers significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The substantial gaps between entry-level and senior roles, often seen in salary distributions, highlight the significant financial rewards associated with accumulating expertise and taking on greater responsibilities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $41,750 | $20.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $68,363 | $32.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $76,890 | $37 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $113,938 | $54.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $154,590 | $74.3 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$91,150
Gross Pay
Real Wage (Purchasing Power)
$91,150
Adjusted for COL (100)
The nominal average annual salary of $91,150 in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a manager's salary in this region is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses impacting disposable income.
Job Market Context
8,330
Total Jobs
1.861
Per 1K Jobs
0.97
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 0.97x the national average concentration of Property, Real Estate, and Community Association Managers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
With a Location Quotient of 0.97, the Chicago-Naperville-Elgin, IL-IN metropolitan area exhibits a job market for Property, Real Estate, and Community Association Managers that is nearly identical in concentration to the national average. This suggests a balanced market where demand and supply are relatively stable, indicating a healthy level of competition and consistent opportunities for qualified individuals without an overwhelming surplus or scarcity of roles.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Property, Real Estate, and Community Association Managers Salary | $59,960↓ 34% | 41 mi |
| Kankakee, IL Property, Real Estate, and Community Association Managers Salary | $65,650↓ 28% | 55 mi |
| Niles, MI Property, Real Estate, and Community Association Managers Salary | $72,130↓ 21% | 71 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Property, Real Estate, and Community Association Managers in Chicago-Naperville-Elgin, IL-IN is $91,150. This typically ranges from $41,750 for entry-level positions to $154,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 10.6% higher than the national median of $82,410.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it offers competitive compensation.The average salary of $91,150 is higher than the national average, and the cost of living is on par with the national average, indicating strong earning potential.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($59,960) and Kankakee, IL.
How does the Chicago salary compare to the national average?
Property, Real Estate, and Community Association Managers in Chicago earn an average of $91,150 annually, which is $8,740 more than the national average of $82,410.
What is the concentration of Property, Real Estate, and Community Association Managers in Chicago?
The concentration, measured by the Location Quotient, is 0.97, indicating that the presence of these professionals in Chicago is very close to the national average.
How does the cost of living in Chicago affect the salary?
The cost of living in Chicago is exactly at the national average (100), meaning the $91,150 salary offers purchasing power equivalent to the national average.
How many Property, Real Estate, and Community Association Managers are there in the Chicago area?
The Chicago-Naperville-Elgin, IL-IN metropolitan area employs approximately 8,330 Property, Real Estate, and Community Association Managers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 8,330 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 1.861 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 Chicago-Naperville-Elgin, IL-IN