Property, Real Estate, and Community Association Managers in the Durham-Chapel Hill, NC area earn an impressive average annual salary of $86,260. This figure slightly surpasses the national average of $82,410, suggesting that the dynamic economic landscape and demand for skilled professionals in this Research Triangle region contribute to competitive compensation.
Executive Summary
- Average Salary: $86,260 per year.
- Growth Trend: Salaries have shifted 18.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $135,760.
- Outlook: The Durham-Chapel Hill area supports a local workforce of 550 Property, Real Estate, and Community Association Managers. While the Location Quotient of 0.84 indicates a slightly lower concentration compared to the national average, the presence of 1.608 jobs per 1,000 workers suggests a stable and consistent demand for these roles within the local economy.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Durham-Chapel Hill, NC earns+4.7%above the national average.
$41.5
$1,659
$7,188
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Property, Real Estate, and Community Association Managers in Durham-Chapel Hill have experienced steady growth over the past four years. This trend is generally driven by increasing property values, evolving management practices, and the overall economic expansion characteristic of thriving metropolitan areas like this one.
Property, Real Estate, and Community Association Managers Salary Distribution in Durham-Chapel Hill, NC
Career progression for Property, Real Estate, and Community Association Managers in Durham-Chapel Hill is typically marked by significant salary increases. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles, reflecting a clear path for advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $42,270 | $20.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,695 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,800 | $30.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,825 | $51.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $135,760 | $65.3 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$86,260
Gross Pay
Real Wage (Purchasing Power)
$86,260
Adjusted for COL (100)
The average annual salary of $86,260 in Durham-Chapel Hill aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a property manager's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
550
Total Jobs
1.608
Per 1K Jobs
0.84
Location Quotient
Durham-Chapel Hill, NC has 0.84x 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 0.84, the Durham-Chapel Hill market for Property, Real Estate, and Community Association Managers is slightly less concentrated than the national average. This suggests that while the profession is well-established, there may be opportunities for skilled individuals to enter the market and find employment without facing extreme competition, offering a balanced job market.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Durham-Chapel Hill, NC
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Durham-Chapel Hill, NC?
The median annual salary for a Property, Real Estate, and Community Association Managers in Durham-Chapel Hill, NC is $86,260. This typically ranges from $42,270 for entry-level positions to $135,760 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Durham-Chapel Hill, NC is 4.7% higher than the national median of $82,410.
Is Durham-Chapel Hill, NC a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it offers competitive compensation.The average salary of $86,260 is higher than the national average, and the cost of living is on par with the national average, indicating good earning potential.
Is Durham-Chapel Hill, NC a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Durham-Chapel Hill, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Durham-Chapel Hill, NC?
Some top paying nearby cities include Burlington, NC ($63,370) and Greensboro-High Point, NC.
How does the salary compare to the national average?
The average salary of $86,260 in Durham-Chapel Hill is slightly above the national average of $82,410 for Property, Real Estate, and Community Association Managers.
What is the cost of living like in Durham-Chapel Hill?
The cost of living in Durham-Chapel Hill is exactly at the national average, with an index of 100.
How many Property, Real Estate, and Community Association Managers work in Durham-Chapel Hill?
There are approximately 550 Property, Real Estate, and Community Association Managers employed in the Durham-Chapel Hill area.
Is there high demand for these roles in Durham-Chapel Hill?
With 1.608 jobs per 1,000 workers, there is a consistent demand for Property, Real Estate, and Community Association Managers in the area, though the concentration is slightly below the national average.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 550 employees in the Durham-Chapel Hill, NC area with a job density of 1.608 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 Durham-Chapel Hill, NC