Average Property, Real Estate, and Community Association Managers Salary in Morgantown, WV
Property, Real Estate, and Community Association Managers in Morgantown, WV, earn an average annual salary of $63,080. This figure is notably below the national average of $82,410, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this Appalachian city.
Executive Summary
- Average Salary: $63,080 per year.
- Growth Trend: Salaries have shifted 50.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $107,930.
- Outlook: The Morgantown job market for Property, Real Estate, and Community Association Managers appears moderately robust, with a total local workforce of 230 individuals. The Location Quotient of 1.82 indicates a concentration of these roles nearly double the national average, suggesting a consistent demand for professionals in this sector within the region.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Morgantown, WV earns-23.5%below the national average.
$30.3
$1,213
$5,257
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Property, Real Estate, and Community Association Managers in Morgantown have experienced steady growth over the past four years, mirroring broader economic trends and increasing demand for skilled property management professionals. This upward trajectory is likely influenced by factors such as property value appreciation and evolving management complexities.
Property, Real Estate, and Community Association Managers Salary Distribution in Morgantown, WV
Career progression for Property, Real Estate, and Community Association Managers in Morgantown typically involves a significant salary increase from entry-level to senior positions. While the exact percentile gaps are not detailed, the difference between starting salaries and those earned by seasoned professionals with extensive experience can be substantial, reflecting the accumulation of expertise, responsibility, and proven performance in managing diverse properties and associations.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $30,190 | $14.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $47,310 | $22.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $47,060 | $22.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $78,850 | $37.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $107,930 | $51.9 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$63,080
Gross Pay
Real Wage (Purchasing Power)
$63,080
Adjusted for COL (100)
With an average annual salary of $63,080 and a Cost of Living Index of 100 (matching the national average), the nominal income in Morgantown, WV, for Property, Real Estate, and Community Association Managers holds its purchasing power relative to the rest of the country. This means that while the salary is lower than the national average, the cost of essential goods and services does not present an additional financial burden compared to other areas.
Job Market Context
230
Total Jobs
3.502
Per 1K Jobs
1.82
Location Quotient
Morgantown, WV has 1.8x the national concentration of Property, Real Estate, and Community Association Managers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Morgantown's Location Quotient of 1.82 signifies a strong regional specialization in Property, Real Estate, and Community Association Management roles, with nearly twice the national density of these positions. This suggests a competitive yet potentially abundant job market, where employers may actively seek experienced professionals, while opportunities for new entrants might be more concentrated.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Morgantown, WV
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Morgantown, WV?
The median annual salary for a Property, Real Estate, and Community Association Managers in Morgantown, WV is $63,080. This typically ranges from $30,190 for entry-level positions to $107,930 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Morgantown, WV is 23.5% lower than the national median of $82,410.
Is Morgantown, WV a lucrative place for Property, Real Estate, and Community Association Managers?
No, not when compared to the national average salary.While Morgantown has a higher concentration of these roles than the national average, the average salary of $63,080 is significantly lower than the national average of $82,410.
Is Morgantown, WV a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Morgantown, WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Morgantown, WV?
Some top paying nearby cities include Wheeling, WV-OH ($66,830) and Pittsburgh, PA.
How does Morgantown's salary compare to the national average for this role?
The average salary for Property, Real Estate, and Community Association Managers in Morgantown, WV is $63,080, which is considerably lower than the national average of $82,410.
What does the Location Quotient of 1.82 mean for job seekers?
A Location Quotient of 1.82 indicates that Morgantown has a higher concentration of Property, Real Estate, and Community Association Managers compared to the national average, suggesting a potentially strong local demand for these professionals.
How does the cost of living in Morgantown affect the salary?
Morgantown's Cost of Living Index is 100, which is the national average. This means that the $63,080 salary in Morgantown has the same purchasing power as the national average salary, despite being lower in nominal terms.
Is the job market for property managers strong in Morgantown?
With a Location Quotient of 1.82 and 3.502 jobs per 1,000 workers, the market shows a notable concentration and presence of Property, Real Estate, and Community Association Managers, indicating a steady demand for these services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Morgantown, WV area with a job density of 3.502 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 Morgantown, WV