Average Property, Real Estate, and Community Association Managers Salary in Memphis, TN-MS-AR
Property, Real Estate, and Community Association Managers in the Memphis, TN-MS-AR area earn an average annual salary of $69,650. This figure is notably below the national average of $82,410, suggesting that local market dynamics and potentially a lower cost of living contribute to this compensation difference. Understanding these local factors is crucial for professionals in this field.
Executive Summary
- Average Salary: $69,650 per year.
- Growth Trend: Salaries have shifted 39.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $116,590.
- Outlook: With a local workforce of 1,050 individuals in this sector, Memphis presents a moderate concentration of Property, Real Estate, and Community Association Managers, as indicated by a Location Quotient of 0.88. While not exceeding the national average in terms of concentration, this stable workforce size suggests a consistent demand for these specialized skills within the region.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Memphis, TN-MS-AR earns-15.5%below the national average.
$33.5
$1,339
$5,804
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the field of Property, Real Estate, and Community Association Management has experienced steady growth over the past four years, mirroring national trends. This growth is often driven by an increasing demand for professional management of residential and commercial properties, leading to potential salary increases for experienced professionals.
Property, Real Estate, and Community Association Managers Salary Distribution in Memphis, TN-MS-AR
Salary progression for Property, Real Estate, and Community Association Managers typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized certifications can command salaries in the higher percentiles. The gap between entry-level and senior roles reflects the increasing responsibility and expertise required in managing complex real estate portfolios.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $37,740 | $18.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,238 | $25.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $60,110 | $28.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,063 | $41.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $116,590 | $56.1 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$69,650
Gross Pay
Real Wage (Purchasing Power)
$69,650
Adjusted for COL (100)
The average annual salary of $69,650 in Memphis, TN-MS-AR aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by these professionals holds its purchasing power equivalent to the national average, indicating a balanced economic environment where compensation is in line with the general cost of goods and services.
Job Market Context
1,050
Total Jobs
1.691
Per 1K Jobs
0.88
Location Quotient
Memphis, TN-MS-AR has 0.88x 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 0.88 for Property, Real Estate, and Community Association Managers in Memphis suggests that this profession is slightly less concentrated than the national average. This indicates a competitive job market where employers may have a good pool of talent, but also opportunities for skilled professionals to find roles without facing extreme saturation.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
| City | Salary | Dist. |
|---|---|---|
| Jonesboro, AR Property, Real Estate, and Community Association Managers Salary | $51,880↓ 26% | 64 mi |
| Jackson, TN Property, Real Estate, and Community Association Managers Salary | $56,800↓ 18% | 74 mi |
Comparing salaries near Memphis, TN-MS-AR
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Memphis, TN-MS-AR?
The median annual salary for a Property, Real Estate, and Community Association Managers in Memphis, TN-MS-AR is $69,650. This typically ranges from $37,740 for entry-level positions to $116,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Memphis, TN-MS-AR is 15.5% lower than the national median of $82,410.
Is Memphis, TN-MS-AR a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not exceptionally lucrative compared to the national average.While the average salary of $69,650 is stable and aligns with the local cost of living, it falls below the national average of $82,410. This suggests that while the role is present and compensated, it may not offer the same earning potential as in higher-cost or more concentrated national markets.
Is Memphis, TN-MS-AR a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Memphis, TN-MS-AR is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Memphis, TN-MS-AR?
Some top paying nearby cities include Jonesboro, AR ($51,880) and Jackson, TN.
How does the Memphis job market compare to the national average for this role?
The Memphis market has a slightly lower concentration of Property, Real Estate, and Community Association Managers, with a Location Quotient of 0.88, indicating it's less dense than the national average.
What is the total number of Property, Real Estate, and Community Association Managers in Memphis?
There are approximately 1,050 Property, Real Estate, and Community Association Managers employed in the Memphis, TN-MS-AR area.
How does the cost of living in Memphis affect the salary for this role?
With a Cost of Living Index of 100, the same as the national average, the $69,650 salary in Memphis offers purchasing power equivalent to the national average, making it a stable, though not high-paying, market.
Are there many job openings for Property, Real Estate, and Community Association Managers in Memphis?
The number of jobs per 1,000 workers is 1.691, which is a moderate figure. While not indicating an extremely high demand, it suggests a consistent need for these professionals within the local economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,050 employees in the Memphis, TN-MS-AR area with a job density of 1.691 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 Memphis, TN-MS-AR