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Average Property, Real Estate, and Community Association Managers Salary in Illinois

Property, Real Estate, and Community Association Managers in Illinois earn an impressive average annual salary of $88,220, surpassing the national average of $82,410. This elevated compensation reflects the robust real estate market and the specific demands of managing properties within the state's diverse economic landscape.

Executive Summary

  • Average Salary: $88,220 per year.
  • Growth Trend: Salaries have shifted 9.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $149,990.
  • Outlook: With a local workforce of 10,070 professionals and a Location Quotient of 0.86, Illinois presents a substantial, though slightly below-national-average concentration, of Property, Real Estate, and Community Association Managers. This indicates a solid, established market with consistent demand for skilled professionals in this sector.
2024 Market Data

Salary Overview

$88,220

The average Property, Real Estate, and Community Association Managers in Illinois earns+7.1%above the national average.

BreakdownBased on 40h/week
Hourly

$42.4

Weekly

$1,697

Monthly

$7,352

Property, Real Estate, and Community Association Managers Salary Distribution in Illinois

Career progression for Property, Real Estate, and Community Association Managers in Illinois is typically marked by 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 upper percentiles, reflecting a clear path for advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$39,010$18.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$66,165$31.8
ManagerOversees team, compliance, and project delivery.50% (Median)$73,250$35.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$110,275$53
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$149,990$72.1

Detailed Property, Real Estate, and Community Association Managers Market Analysis

Relocation Context

Nominal Salary

$88,220

Gross Pay

Real Wage (Purchasing Power)

$96,100

Adjusted for COL (91.8)

The average annual salary of $88,220 in Illinois offers a strong purchasing power, especially when considered against the state's Cost of Living Index of 91.8, which is below the national average of 100. This suggests that the nominal salary translates into a higher real income, allowing for a comfortable standard of living.

Job Market Context

10,070

Total Jobs

1.66

Per 1K Jobs

0.86

Location Quotient

Below Average

Illinois has 0.86x 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 0.86 indicates that Property, Real Estate, and Community Association Managers are slightly less concentrated in Illinois compared to the national average. This suggests a competitive yet accessible job market, where skilled professionals can find opportunities without facing the intense saturation seen in more concentrated regions.

Nearby Job Markets

Nearby Cities for Property, Real Estate, and Community Association Managers

CitySalaryDist.
Bloomington, IL Property, Real Estate, and Community Association Managers Salary$95,200↑ 8%9 mi
Decatur, IL Property, Real Estate, and Community Association Managers Salary$72,980↓ 17%34 mi
Champaign-Urbana, IL Property, Real Estate, and Community Association Managers Salary$81,780↓ 7%41 mi
Peoria, IL Property, Real Estate, and Community Association Managers Salary$73,980↓ 16%43 mi
Springfield, IL Property, Real Estate, and Community Association Managers Salary$76,870↓ 13%53 mi

Comparing salaries near Illinois

Hiring Property, Real Estate, and Community Association Managerss?

Frequently Asked Questions

How much does a Property, Real Estate, and Community Association Managers make in Illinois?

The median annual salary for a Property, Real Estate, and Community Association Managers in Illinois is $88,220. This typically ranges from $39,010 for entry-level positions to $149,990 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Illinois is 7.1% higher than the national median of $82,410.

Is Illinois a lucrative place for Property, Real Estate, and Community Association Managerss?

Yes, Illinois offers a lucrative environment for these professionals.The average salary of $88,220 is notably higher than the national average, and the cost of living is below the national average, enhancing purchasing power.

Is Illinois a good place to live for Property, Real Estate, and Community Association Managers?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Illinois?

Some top paying nearby cities include Bloomington, IL ($95,200) and Decatur, IL.

How does the Illinois job market compare to the national average for this role?

Illinois has a slightly lower concentration of these professionals compared to the national average, indicated by a Location Quotient of 0.86, suggesting a balanced job market.

What is the average number of Property, Real Estate, and Community Association Managers per 1,000 workers in Illinois?

There are approximately 1.66 Property, Real Estate, and Community Association Managers per 1,000 workers in Illinois.

How does the cost of living in Illinois affect the salary for Property Managers?

With a Cost of Living Index of 91.8, Illinois is more affordable than the national average, meaning the $88,220 salary provides greater purchasing power.

What is the total number of Property, Real Estate, and Community Association Managers in Illinois?

The total local workforce for this profession in Illinois comprises 10,070 individuals.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,070 employees in the Illinois area with a job density of 1.66 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Property, Real Estate, and Community Association Managers • Data source: BLS OEWS 2024 •Jobs in Illinois