Property, Real Estate, and Community Association Managers in Lexington-Fayette, KY earn an average annual salary of $54,030. This figure is notably lower than the national average of $82,410, reflecting regional economic factors and the specific demand within the local market. The cost of living in Lexington-Fayette is on par with the national average, suggesting that while nominal earnings are lower, purchasing power may be comparable.
Executive Summary
- Average Salary: $54,030 per year.
- Growth Trend: Salaries have shifted 6.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $75,600.
- Outlook: With a local workforce of 560 professionals in this field and a Location Quotient of 1.02, the job market for Property, Real Estate, and Community Association Managers in Lexington-Fayette, KY, is stable and closely mirrors national employment concentration. The presence of nearly 2 jobs per 1,000 workers indicates a consistent, albeit not rapidly expanding, demand for these essential management roles within the community.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Lexington-Fayette, KY earns-34.4%below the national average.
$26
$1,039
$4,503
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 Lexington-Fayette, KY, have experienced gradual growth over the past four years, aligning with general economic trends and inflation. This steady, albeit modest, increase would reflect ongoing demand and the evolving responsibilities within property management.
Property, Real Estate, and Community Association Managers Salary Distribution in Lexington-Fayette, KY
Career progression for Property, Real Estate, and Community Association Managers in Lexington-Fayette, KY, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries substantially higher than the average, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,390 | $18 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $40,523 | $19.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,390 | $22.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $67,538 | $32.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $75,600 | $36.3 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$54,030
Gross Pay
Real Wage (Purchasing Power)
$54,030
Adjusted for COL (100)
The average annual salary of $54,030 in Lexington-Fayette, KY, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a manager's salary in Lexington is equivalent to that of a manager earning the national average in a location with a national average cost of living, making it a financially neutral relocation from a cost-of-living perspective.
Job Market Context
560
Total Jobs
1.966
Per 1K Jobs
1.02
Location Quotient
With a location quotient of 1.02, Lexington-Fayette, KY has a slightly higher-than-average concentration of Property, Real Estate, and Community Association Managers roles compared to the national norm.
A Location Quotient of 1.02 suggests that Lexington-Fayette, KY, has a job market for Property, Real Estate, and Community Association Managers that is very slightly more concentrated than the national average. This indicates a healthy, stable demand for these professionals, with the local market employing a proportion of these workers that is nearly identical to the national landscape.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Lexington-Fayette, KY
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Lexington-Fayette, KY?
The median annual salary for a Property, Real Estate, and Community Association Managers in Lexington-Fayette, KY is $54,030. This typically ranges from $37,390 for entry-level positions to $75,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 34.4% lower than the national median of $82,410.
Is Lexington-Fayette, KY 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 nominal salary of $54,030 is significantly below the national average of $82,410. The job market is stable but not exceptionally high-paying compared to national benchmarks.
Is Lexington-Fayette, KY a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($48,170) and South Central Kentucky nonmetropolitan area.
How does the Lexington-Fayette salary compare to the national average?
The average salary for Property, Real Estate, and Community Association Managers in Lexington-Fayette, KY, is $54,030, which is considerably lower than the national average of $82,410.
What is the cost of living in Lexington-Fayette, KY?
The cost of living in Lexington-Fayette, KY, is exactly at the national average, indicated by a Cost of Living Index of 100.
How concentrated is the job market for these managers in Lexington-Fayette?
The job market is slightly more concentrated than the national average, with a Location Quotient of 1.02, suggesting stable demand.
What is the total number of Property, Real Estate, and Community Association Managers in Lexington-Fayette?
There are approximately 560 Property, Real Estate, and Community Association Managers employed in the Lexington-Fayette, KY area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 560 employees in the Lexington-Fayette, KY area with a job density of 1.966 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 Lexington-Fayette, KY