Property, Real Estate, and Community Association Managers in the New York-Newark-Jersey City, NY-NJ metropolitan area earn an impressive average annual salary of $103,400. This figure significantly surpasses the national average of $82,410, reflecting the dynamic and high-demand nature of the real estate market in this region. The concentration of economic activity and the complexity of property management in a major urban center naturally command higher compensation.
Executive Summary
- Average Salary: $103,400 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $169,910.
- Outlook: The job market for Property, Real Estate, and Community Association Managers in the New York-Newark-Jersey City area appears robust, with a total local workforce of 15,420 individuals in this role. While the Location Quotient of 0.86 suggests a slightly lower concentration compared to the national average, the sheer volume of jobs and the presence of a substantial workforce indicate consistent demand and opportunities within this sector.
Salary Overview
The average Property, Real Estate, and Community Association Managers in New York-Newark-Jersey City, NY-NJ earns+25.5%above the national average.
$49.7
$1,988
$8,617
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for this exact role and region over the past four years is not provided, it is generally assumed that salaries for Property, Real Estate, and Community Association Managers have experienced steady growth. This trend is typically driven by increasing property values, evolving management technologies, and the persistent need for skilled professionals to oversee diverse real estate portfolios.
Property, Real Estate, and Community Association Managers Salary Distribution in New York-Newark-Jersey City, NY-NJ
Salary progression for Property, Real Estate, and Community Association Managers is strongly tied to experience and demonstrated expertise. Entry-level positions typically fall within the lower percentiles, while seasoned professionals with extensive portfolios and specialized skills can command salaries in the higher percentiles. The significant gap between entry-level and senior-level earnings underscores the substantial career growth and earning potential available in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $58,760 | $28.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $77,550 | $37.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,170 | $38.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $129,250 | $62.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $169,910 | $81.7 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$103,400
Gross Pay
Real Wage (Purchasing Power)
$103,400
Adjusted for COL (100)
The average annual salary of $103,400 in the New York-Newark-Jersey City area aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is substantially higher than the national average, the purchasing power of that salary is equivalent to the national average, indicating that the higher earnings are balanced by the cost of living in this major metropolitan region.
Job Market Context
15,420
Total Jobs
1.647
Per 1K Jobs
0.86
Location Quotient
New York-Newark-Jersey City, NY-NJ has 0.86x 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 0.86, the New York-Newark-Jersey City area has a slightly lower concentration of Property, Real Estate, and Community Association Managers relative to the national average. This suggests that while the market is not oversaturated, there is a healthy presence of these professionals, indicating a competitive yet accessible job market for skilled individuals.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near New York-Newark-Jersey City, NY-NJ
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in New York-Newark-Jersey City, NY-NJ?
The median annual salary for a Property, Real Estate, and Community Association Managers in New York-Newark-Jersey City, NY-NJ is $103,400. This typically ranges from $58,760 for entry-level positions to $169,910 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New York-Newark-Jersey City, NY-NJ is 25.5% higher than the national median of $82,410.
Is New York-Newark-Jersey City, NY-NJ a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it is a lucrative place for these professionals.The average salary of $103,400 significantly exceeds the national average, and while the cost of living is at the national average, the higher nominal wage offers strong earning potential.
Is New York-Newark-Jersey City, NY-NJ a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near New York-Newark-Jersey City, NY-NJ?
Some top paying nearby cities include Kiryas Joel-Poughkeepsie-Newburgh, NY ($89,450) and Trenton-Princeton, NJ.
How does the local workforce size impact job opportunities?
A local workforce of 15,420 indicates a substantial presence of these professionals, suggesting a consistent demand for their services and a dynamic job market within the region.
What does a Location Quotient of 0.86 mean for job seekers?
A Location Quotient of 0.86 signifies that the concentration of these managers is slightly below the national average, implying a competitive but not overly saturated job market.
How does the Cost of Living Index affect the salary's real value?
With a Cost of Living Index of 100, the national average, the higher nominal salary of $103,400 translates to purchasing power equivalent to the national average, making it a fair compensation for the region.
What is the national average salary for this role?
The national average salary for Property, Real Estate, and Community Association Managers is $82,410, making the New York-Newark-Jersey City area's average significantly higher.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 15,420 employees in the New York-Newark-Jersey City, NY-NJ area with a job density of 1.647 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-Newark-Jersey City, NY-NJ