Average Property, Real Estate, and Community Association Managers Salary in New York
Property, Real Estate, and Community Association Managers in New York earn an impressive average annual salary of $103,090, significantly surpassing the national average of $82,410. This elevated compensation is largely driven by the state's dynamic real estate market and the higher operational costs associated with managing properties in a densely populated and economically vibrant region.
Executive Summary
- Average Salary: $103,090 per year.
- Growth Trend: Salaries have shifted 10.9% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $167,810.
- Outlook: With a local workforce of 12,940 professionals, New York presents a substantial employment base for Property, Real Estate, and Community Association Managers. The location quotient of 0.7 indicates a slightly lower concentration compared to the national average, suggesting that while the field is well-established, there may be opportunities for growth and specialization within this sector.
Salary Overview
The average Property, Real Estate, and Community Association Managers in New York earns+25.1%above the national average.
$49.6
$1,983
$8,591
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 New York have experienced steady growth over the past four years. This trend is typically influenced by factors such as increasing property values, rising demand for skilled management, and general economic expansion within the state, leading to competitive compensation packages.
Property, Real Estate, and Community Association Managers Salary Distribution in New York
Career progression for Property, Real Estate, and Community Association Managers in New York is strongly tied to experience. Entry-level positions typically offer salaries at the lower end of the spectrum, while seasoned professionals with extensive portfolios and specialized expertise can command significantly higher earnings. The widening gap between the 25th percentile and the 75th percentile salaries clearly signifies the substantial earning potential and career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,710 | $28.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,318 | $37.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,320 | $37.2 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $128,863 | $62 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $167,810 | $80.7 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$103,090
Gross Pay
Real Wage (Purchasing Power)
$82,406
Adjusted for COL (125.1)
While the nominal average salary of $103,090 in New York appears highly attractive, it's crucial to consider the local Cost of Living Index of 125.1. This means that everyday expenses are approximately 25.1% higher than the national average. Therefore, while the salary is robust, the purchasing power needs to be evaluated within the context of New York's elevated cost of living.
Job Market Context
12,940
Total Jobs
1.356
Per 1K Jobs
0.7
Location Quotient
New York has 0.70x 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 0.7 for Property, Real Estate, and Community Association Managers in New York suggests that the job market is not as concentrated as the national average. This could indicate a balanced market where demand for skilled managers is present but not overwhelmingly saturated, potentially offering a stable environment for professionals seeking employment or career advancement.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near New York
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in New York?
The median annual salary for a Property, Real Estate, and Community Association Managers in New York is $103,090. This typically ranges from $58,710 for entry-level positions to $167,810 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York is 25.1% higher than the national median of $82,410.
Is New York a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, New York offers a lucrative environment for these professionals.The average salary of $103,090 significantly exceeds the national average, reflecting the state's dynamic real estate market and higher operational demands.
Is New York a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in New York is 125.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York?
Some top paying nearby cities include Binghamton, NY ($76,330) and Scranton--Wilkes-Barre, PA.
How does New York's salary compare to the national average for this role?
Property, Real Estate, and Community Association Managers in New York earn an average of $103,090 annually, which is considerably higher than the national average of $82,410.
What is the concentration of Property, Real Estate, and Community Association Managers in New York?
The concentration, measured by the location quotient, is 0.7, indicating a slightly lower presence of these professionals in New York compared to the national average.
How does the cost of living affect the salary for Property Managers in New York?
With a Cost of Living Index of 125.1, New York's expenses are about 25% higher than the national average, meaning the $103,090 salary needs to be considered in light of these increased living costs.
What does the number of jobs per 1,000 workers signify for this role in New York?
There are 1.356 jobs per 1,000 workers in New York for Property, Real Estate, and Community Association Managers, indicating a steady presence of these roles within the state's employment landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 12,940 employees in the New York area with a job density of 1.356 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 New York