Average Property, Real Estate, and Community Association Managers Salary in Lancaster, PA
Property, Real Estate, and Community Association Managers in Lancaster, PA earn an average annual salary of $70,940. This figure is notably below the national average of $82,410, suggesting that local market dynamics and demand play a significant role in compensation within this region. Factors such as the overall economic landscape and the specific needs of the Lancaster real estate market influence these salary levels.
Executive Summary
- Average Salary: $70,940 per year.
- Growth Trend: Salaries have shifted 31.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $118,680.
- Outlook: The job market for Property, Real Estate, and Community Association Managers in Lancaster, PA, presents a moderate outlook. With a total local workforce of 270 individuals in this role, the concentration, indicated by a Location Quotient of 0.56, is below the national average. This suggests that while the profession is present, it is not as densely populated as in other areas, implying a stable but not rapidly expanding demand.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Lancaster, PA earns-13.9%below the national average.
$34.1
$1,364
$5,912
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for Lancaster, PA is not provided, it is generally assumed that salaries for Property, Real Estate, and Community Association Managers have experienced a steady upward trend over the past four years, mirroring national patterns. This growth is typically driven by increasing property values, evolving management complexities, and a persistent need for skilled professionals to oversee real estate assets effectively.
Property, Real Estate, and Community Association Managers Salary Distribution in Lancaster, PA
Career progression for Property, Real Estate, and Community Association Managers in Lancaster, PA, is typically marked by significant salary increases with experience. Entry-level positions may start at a lower percentile, but as professionals gain expertise in areas like financial management, tenant relations, and property maintenance, their earning potential escalates. The gap between entry-level and senior-level salaries reflects the value placed on accumulated knowledge and proven leadership.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $44,240 | $21.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,205 | $25.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,650 | $29.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $88,675 | $42.6 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $118,680 | $57.1 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$70,940
Gross Pay
Real Wage (Purchasing Power)
$70,940
Adjusted for COL (100)
For individuals considering a move to Lancaster, PA, the nominal average salary of $70,940 aligns precisely with the national average Cost of Living Index of 100. This means that the purchasing power of the salary in Lancaster is equivalent to the national average, offering a balanced financial landscape where income and expenses are relatively stable compared to the rest of the country.
Job Market Context
270
Total Jobs
1.074
Per 1K Jobs
0.56
Location Quotient
Lancaster, PA has 0.56x 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.
The Location Quotient of 0.56 for Property, Real Estate, and Community Association Managers in Lancaster, PA, indicates that this profession is less concentrated locally compared to the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for skilled professionals relative to the number of existing practitioners, though overall demand might be moderate.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Lancaster, PA
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Lancaster, PA?
The median annual salary for a Property, Real Estate, and Community Association Managers in Lancaster, PA is $70,940. This typically ranges from $44,240 for entry-level positions to $118,680 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lancaster, PA is 13.9% lower than the national median of $82,410.
Is Lancaster, PA a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average salary of $70,940 is significantly lower than the national average of $82,410, indicating less lucrative compensation in this specific role.
Is Lancaster, PA a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Lancaster, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lancaster, PA?
Some top paying nearby cities include Lebanon, PA ($71,910) and York-Hanover, PA.
How does the Lancaster, PA salary compare to the national average?
The average salary for Property, Real Estate, and Community Association Managers in Lancaster, PA, is $70,940, which is below the national average of $82,410.
What is the Cost of Living in Lancaster, PA?
Lancaster, PA, has a Cost of Living Index of 100, which is exactly at the national average, meaning expenses are neither significantly higher nor lower than the typical US city.
How concentrated is the market for Property Managers in Lancaster, PA?
The market is less concentrated than the national average, with a Location Quotient of 0.56, suggesting fewer professionals in this field relative to the general workforce.
What does a Location Quotient of 0.56 mean for job seekers?
A Location Quotient below 1.0, like 0.56, indicates that the proportion of Property, Real Estate, and Community Association Managers in Lancaster, PA, is lower than the national proportion, potentially implying a less competitive but also less robust job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Lancaster, PA area with a job density of 1.074 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 Lancaster, PA