Property, Real Estate, and Community Association Managers in the Palm Bay-Melbourne-Titusville, FL area earn an average annual salary of $76,910. This figure is slightly below the national average of $82,410, suggesting localized market dynamics and demand influence compensation within this Florida region. Factors such as the specific real estate market conditions and the concentration of management roles contribute to this pay differential.
Executive Summary
- Average Salary: $76,910 per year.
- Growth Trend: Salaries have shifted 28.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $115,180.
- Outlook: The job market for Property, Real Estate, and Community Association Managers in Palm Bay-Melbourne-Titusville, FL, shows a stable presence with a total local workforce of 430 individuals in this role. A Location Quotient of 0.93 indicates that this profession is nearly as concentrated as the national average, suggesting a consistent, albeit not exceptionally high, demand for these specialized skills within the region.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Palm Bay-Melbourne-Titusville, FL earns-6.7%below the national average.
$37
$1,479
$6,409
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for the Palm Bay-Melbourne-Titusville area is not provided, it is generally assumed that salaries for Property, Real Estate, and Community Association Managers have seen steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing property values, evolving management complexities, and a sustained demand for skilled professionals to oversee real estate assets and community associations.
Property, Real Estate, and Community Association Managers Salary Distribution in Palm Bay-Melbourne-Titusville, FL
Career progression for Property, Real Estate, and Community Association Managers significantly impacts earning potential. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized certifications can command salaries well above the average. The percentile gaps in earnings clearly signify the substantial career advancement and increased responsibility associated with senior roles in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,360 | $22.3 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $57,683 | $27.7 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,920 | $29.8 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $96,138 | $46.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $115,180 | $55.4 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$76,910
Gross Pay
Real Wage (Purchasing Power)
$76,910
Adjusted for COL (100)
The nominal average salary of $76,910 in Palm Bay-Melbourne-Titusville, FL, aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of the salary in this region is comparable to the national standard, offering a stable financial environment for professionals considering a move.
Job Market Context
430
Total Jobs
1.787
Per 1K Jobs
0.93
Location Quotient
Palm Bay-Melbourne-Titusville, FL has 0.93x 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 0.93, the Palm Bay-Melbourne-Titusville, FL market for Property, Real Estate, and Community Association Managers is closely aligned with the national concentration of this profession. This suggests a balanced job market where opportunities are present but not overwhelmingly abundant compared to the national landscape, indicating a competitive yet accessible environment for qualified candidates.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Palm Bay-Melbourne-Titusville, FL
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Palm Bay-Melbourne-Titusville, FL?
The median annual salary for a Property, Real Estate, and Community Association Managers in Palm Bay-Melbourne-Titusville, FL is $76,910. This typically ranges from $46,360 for entry-level positions to $115,180 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Palm Bay-Melbourne-Titusville, FL is 6.7% lower than the national median of $82,410.
Is Palm Bay-Melbourne-Titusville, FL a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not significantly more lucrative than the national average.The average salary of $76,910 is below the national average, though the cost of living is on par with the national average, indicating standard purchasing power.
Is Palm Bay-Melbourne-Titusville, FL a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Palm Bay-Melbourne-Titusville, FL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Palm Bay-Melbourne-Titusville, FL?
Some top paying nearby cities include Sebastian-Vero Beach-West Vero Corridor, FL ($69,450) and Port St. Lucie, FL.
How does the local workforce size affect job prospects?
A local workforce of 430 suggests a moderate-sized market. While not as large as major metropolitan areas, it indicates a stable demand for these roles within the region.
What does a Location Quotient of 0.93 mean for job seekers?
A Location Quotient of 0.93 signifies that the concentration of Property, Real Estate, and Community Association Managers is slightly lower than the national average, implying a competitive job market.
How does the Cost of Living Index of 100 impact the salary?
An index of 100 means the cost of living in Palm Bay-Melbourne-Titusville, FL is the same as the national average, so the $76,910 salary offers average purchasing power.
Are there many job openings for Property Managers in this area?
With 1.787 jobs per 1,000 workers, the rate is moderate, suggesting a steady but not exceptionally high number of opportunities for Property, Real Estate, and Community Association Managers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 430 employees in the Palm Bay-Melbourne-Titusville, FL area with a job density of 1.787 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 Palm Bay-Melbourne-Titusville, FL