Average Property, Real Estate, and Community Association Managers Salary in Montgomery, AL
In Montgomery, AL, Property, Real Estate, and Community Association Managers earn an average annual salary of $63,570. This figure is notably below the national average of $82,410, reflecting localized economic factors and demand within the Alabama capital. The specific economic landscape and the concentration of related industries in Montgomery directly influence this compensation level.
Executive Summary
- Average Salary: $63,570 per year.
- Growth Trend: Salaries have shifted 55.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $98,290.
- Outlook: The job market for Property, Real Estate, and Community Association Managers in Montgomery, AL, shows a moderate presence, with a total local workforce of 270 individuals in this role. The Location Quotient of 0.87 suggests a concentration slightly below the national average, indicating that while the profession is present, it is not disproportionately dominant compared to other areas. This suggests a stable, albeit not rapidly expanding, demand for these professionals.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Montgomery, AL earns-22.9%below the national average.
$30.6
$1,223
$5,298
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for Montgomery 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 of wage growth driven by inflation and increasing demand for property management services.
Property, Real Estate, and Community Association Managers Salary Distribution in Montgomery, AL
Career progression for Property, Real Estate, and Community Association Managers typically involves a significant salary increase with experience. Entry-level positions might start considerably lower than the average, while senior roles, particularly those involving larger portfolios or more complex associations, can command salaries well above the $63,570 average, with higher percentiles reflecting substantial expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $36,000 | $17.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,678 | $22.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $58,180 | $28 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $79,463 | $38.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $98,290 | $47.3 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$63,570
Gross Pay
Real Wage (Purchasing Power)
$63,570
Adjusted for COL (100)
The average annual salary of $63,570 in Montgomery, AL, aligns perfectly with the national Cost of Living Index of 100. This means that the purchasing power of a manager's salary in Montgomery is equivalent to the national average, suggesting that while the nominal salary is lower than the national average, the cost of living does not present a disadvantage in terms of affordability.
Job Market Context
270
Total Jobs
1.666
Per 1K Jobs
0.87
Location Quotient
Montgomery, AL has 0.87x 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 0.87, Montgomery, AL, has a slightly lower concentration of Property, Real Estate, and Community Association Managers compared to the national average. This indicates a job market that is neither oversaturated nor exceptionally scarce, presenting a balanced environment for job seekers and employers alike. The market is competitive but offers opportunities for skilled professionals.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Montgomery, AL
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Montgomery, AL?
The median annual salary for a Property, Real Estate, and Community Association Managers in Montgomery, AL is $63,570. This typically ranges from $36,000 for entry-level positions to $98,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Montgomery, AL is 22.9% lower than the national median of $82,410.
Is Montgomery, AL a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not exceptionally lucrative compared to the national average.While the average salary is $63,570, it falls significantly below the national average of $82,410. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Montgomery, AL a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Montgomery, AL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Montgomery, AL?
Some top paying nearby cities include Northeast Alabama nonmetropolitan area ($51,030) and Southeast Alabama nonmetropolitan area.
How does the Montgomery salary compare to the national average?
The average salary of $63,570 in Montgomery is considerably lower than the national average of $82,410 for Property, Real Estate, and Community Association Managers.
What is the concentration of these managers in Montgomery?
Montgomery has a Location Quotient of 0.87, meaning the concentration of these professionals is slightly below the national average.
How does the cost of living affect the salary in Montgomery?
The cost of living in Montgomery is exactly at the national average (100), so the $63,570 salary has the same purchasing power as the national average salary.
What does the number of jobs per 1,000 workers indicate?
With 1.666 jobs per 1,000 workers, this indicates a steady, moderate level of employment for Property, Real Estate, and Community Association Managers in Montgomery relative to its overall workforce.
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 Montgomery, AL area with a job density of 1.666 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 Montgomery, AL