In Grand Rapids-Wyoming-Kentwood, MI, Property, Real Estate, and Community Association Managers earn an average annual salary of $69,470. This figure is notably below the national average of $82,410, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this region.
Executive Summary
- Average Salary: $69,470 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $109,960.
- Outlook: The Grand Rapids-Wyoming-Kentwood area supports a local workforce of 670 professionals in Property, Real Estate, and Community Association Management. With a Location Quotient of 0.62, the concentration of these roles is below the national average, indicating a less saturated market relative to other areas, though the absolute number suggests a stable, albeit not booming, demand for these services.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Grand Rapids-Wyoming-Kentwood, MI earns-15.7%below the national average.
$33.4
$1,336
$5,789
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 Grand Rapids-Wyoming-Kentwood have experienced growth over the past four years, mirroring national trends. Economic expansion and evolving property management needs likely contribute to incremental increases in compensation, reflecting a dynamic job market.
Property, Real Estate, and Community Association Managers Salary Distribution in Grand Rapids-Wyoming-Kentwood, MI
Career progression in Property, Real Estate, and Community Association Management typically leads to significant salary increases. Entry-level positions may start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles, reflecting a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,330 | $17.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,103 | $25 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,910 | $28.3 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $86,838 | $41.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $109,960 | $52.9 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$69,470
Gross Pay
Real Wage (Purchasing Power)
$69,470
Adjusted for COL (100)
The average annual salary of $69,470 in Grand Rapids-Wyoming-Kentwood aligns perfectly with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is equivalent to the national standard, presenting a balanced financial landscape for residents.
Job Market Context
670
Total Jobs
1.186
Per 1K Jobs
0.62
Location Quotient
Grand Rapids-Wyoming-Kentwood, MI has 0.62x 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.
A Location Quotient of 0.62 signifies that Property, Real Estate, and Community Association Managers are less concentrated in the Grand Rapids-Wyoming-Kentwood area compared to the national average. This suggests that while the profession is present and necessary, the job market may be less competitive for highly specialized roles, potentially offering opportunities for skilled individuals to find positions.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Grand Rapids-Wyoming-Kentwood, MI
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Grand Rapids-Wyoming-Kentwood, MI?
The median annual salary for a Property, Real Estate, and Community Association Managers in Grand Rapids-Wyoming-Kentwood, MI is $69,470. This typically ranges from $37,330 for entry-level positions to $109,960 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Grand Rapids-Wyoming-Kentwood, MI is 15.7% lower than the national median of $82,410.
Is Grand Rapids-Wyoming-Kentwood, MI a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not more lucrative than the national average.While the cost of living is average, the average salary of $69,470 is significantly lower than the national average of $82,410, indicating less lucrative compensation in this specific metropolitan area.
Is Grand Rapids-Wyoming-Kentwood, MI a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Grand Rapids-Wyoming-Kentwood, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Grand Rapids-Wyoming-Kentwood, MI?
Some top paying nearby cities include Muskegon-Norton Shores, MI ($52,140) and Kalamazoo-Portage, MI.
How does the Grand Rapids-Wyoming-Kentwood salary compare to the national average?
The average salary for Property, Real Estate, and Community Association Managers in Grand Rapids-Wyoming-Kentwood is $69,470, which is $12,940 less than the national average of $82,410.
What is the concentration of Property, Real Estate, and Community Association Managers in this area?
The concentration, measured by the Location Quotient, is 0.62, meaning there are fewer of these professionals per worker in Grand Rapids-Wyoming-Kentwood compared to the national average.
How does the cost of living affect the salary in Grand Rapids-Wyoming-Kentwood?
The Cost of Living Index is 100, which is the national average. This means the $69,470 salary has the same purchasing power locally as the national average salary does nationwide.
How many Property, Real Estate, and Community Association Managers work in Grand Rapids-Wyoming-Kentwood?
There are approximately 670 individuals employed in these roles within the Grand Rapids-Wyoming-Kentwood 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 670 employees in the Grand Rapids-Wyoming-Kentwood, MI area with a job density of 1.186 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 Grand Rapids-Wyoming-Kentwood, MI