In Indianapolis-Carmel-Greenwood, IN, Property, Real Estate, and Community Association Managers earn an average annual salary of $78,620. This figure is slightly below the national average of $82,410, reflecting a localized compensation structure influenced by regional economic factors and the specific demand within the metropolitan area. The total local workforce in this sector comprises approximately 1,600 professionals.
Executive Summary
- Average Salary: $78,620 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $125,000.
- Outlook: The job market for Property, Real Estate, and Community Association Managers in Indianapolis-Carmel-Greenwood presents a stable outlook. With a local workforce of 1,600 individuals and a Location Quotient of 0.76, the concentration of these roles is slightly below the national average. This suggests a steady, rather than rapidly expanding, demand for these professionals within the region, indicating a mature market with consistent employment opportunities.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Indianapolis-Carmel-Greenwood, IN earns-4.6%below the national average.
$37.8
$1,512
$6,552
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for this precise role in Indianapolis is not provided, it is generally observed that salaries for Property, Real Estate, and Community Association Managers across the United States have seen consistent growth over the past four years. This trend is typically driven by increasing property values, evolving management complexities, and the persistent need for skilled professionals to oversee real estate assets and community associations.
Property, Real Estate, and Community Association Managers Salary Distribution in Indianapolis-Carmel-Greenwood, IN
Career progression for Property, Real Estate, and Community Association Managers in Indianapolis-Carmel-Greenwood typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile of the salary range, while seasoned professionals with extensive experience and specialized skills can command salaries well into the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth potential and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $47,610 | $22.9 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $58,965 | $28.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $66,010 | $31.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $98,275 | $47.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $125,000 | $60.1 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$78,620
Gross Pay
Real Wage (Purchasing Power)
$78,620
Adjusted for COL (100)
The average annual salary of $78,620 for Property, Real Estate, and Community Association Managers in Indianapolis-Carmel-Greenwood aligns perfectly with the local Cost of Living Index of 100. This means that the nominal salary earned by these professionals holds its purchasing power directly in line with the national average, offering a stable financial standing without the typical pressures associated with higher or lower cost-of-living areas.
Job Market Context
1,600
Total Jobs
1.46
Per 1K Jobs
0.76
Location Quotient
Indianapolis-Carmel-Greenwood, IN has 0.76x 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 0.76, the Indianapolis-Carmel-Greenwood metropolitan area has a slightly lower concentration of Property, Real Estate, and Community Association Managers compared to the national average. This indicates that while the profession is present and necessary, it is not as densely populated as in some other major hubs, suggesting a moderately competitive job market where skilled professionals can find opportunities without facing extreme saturation.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Indianapolis-Carmel-Greenwood, IN
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Indianapolis-Carmel-Greenwood, IN?
The median annual salary for a Property, Real Estate, and Community Association Managers in Indianapolis-Carmel-Greenwood, IN is $78,620. This typically ranges from $47,610 for entry-level positions to $125,000 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Indianapolis-Carmel-Greenwood, IN is 4.6% lower than the national median of $82,410.
Is Indianapolis-Carmel-Greenwood, IN a lucrative place for Property, Real Estate, and Community Association Managerss?
No, but it offers stable compensation.While the average salary of $78,620 is below the national average, the cost of living is also at the national average, meaning your earnings have standard purchasing power. The market is stable with consistent opportunities.
Is Indianapolis-Carmel-Greenwood, IN a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Indianapolis-Carmel-Greenwood, IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Indianapolis-Carmel-Greenwood, IN?
Some top paying nearby cities include Northern Indiana nonmetropolitan area ($67,940) and Southern Indiana nonmetropolitan area.
How does the Indianapolis salary compare to the national average?
The average salary for Property, Real Estate, and Community Association Managers in Indianapolis is $78,620, which is slightly lower than the national average of $82,410.
What is the cost of living in Indianapolis-Carmel-Greenwood, IN?
The Cost of Living Index for Indianapolis-Carmel-Greenwood, IN is 100, which is exactly the national average, indicating a balanced cost of living.
How many Property, Real Estate, and Community Association Managers work in Indianapolis?
There are approximately 1,600 Property, Real Estate, and Community Association Managers working in the Indianapolis-Carmel-Greenwood, IN metropolitan area.
Is the job market for these managers concentrated in Indianapolis?
The concentration, measured by the Location Quotient of 0.76, is slightly below the national average, suggesting the market is present but not disproportionately concentrated compared to other regions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,600 employees in the Indianapolis-Carmel-Greenwood, IN area with a job density of 1.46 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 Indianapolis-Carmel-Greenwood, IN