Property, Real Estate, and Community Association Managers in the Providence-Warwick, RI-MA area earn an impressive average annual salary of $86,290. This figure notably surpasses the national average of $82,410, indicating a localized premium for these essential roles. Factors such as regional market dynamics and the specific demands of property management within this metropolitan area likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $86,290 per year.
- Growth Trend: Salaries have shifted 6.2% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $128,860.
- Outlook: With a total local workforce of 750 professionals in this field, Providence-Warwick presents a moderate concentration of Property, Real Estate, and Community Association Managers, reflected in a Location Quotient of 0.55. While this suggests the profession is less concentrated than the national average, the presence of over 1,000 jobs per 1,000 workers signifies consistent demand and a stable job market for skilled individuals in this sector.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Providence-Warwick, RI-MA earns+4.7%above the national average.
$41.5
$1,659
$7,191
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 Providence-Warwick have experienced steady growth over the past four years. This trend is generally observed across the industry, driven by increasing property values, evolving management complexities, and the ongoing need for skilled professionals to oversee real estate assets effectively.
Property, Real Estate, and Community Association Managers Salary Distribution in Providence-Warwick, RI-MA
Career progression for Property, Real Estate, and Community Association Managers in Providence-Warwick typically correlates with increased earning potential. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized skills can command salaries significantly above the average. The widening gap between lower and higher salary percentiles underscores the substantial rewards associated with career advancement and expertise in this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $49,230 | $23.7 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $64,718 | $31.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $78,970 | $38 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $107,863 | $51.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $128,860 | $62 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$86,290
Gross Pay
Real Wage (Purchasing Power)
$86,290
Adjusted for COL (100)
The average annual salary of $86,290 in Providence-Warwick, RI-MA aligns precisely with the national average cost of living index of 100. This means that the purchasing power of a property manager's salary in this region is equivalent to that of their national counterparts, offering a stable financial environment for residents without significant adjustments needed for daily expenses.
Job Market Context
750
Total Jobs
1.056
Per 1K Jobs
0.55
Location Quotient
Providence-Warwick, RI-MA has 0.55x 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 0.55 for Property, Real Estate, and Community Association Managers in Providence-Warwick indicates that this profession is less concentrated locally compared to the national average. This suggests that while the demand exists, the market may be less saturated, potentially offering more opportunities for skilled professionals to establish themselves and advance their careers without facing intense competition from a large pool of local candidates.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Providence-Warwick, RI-MA
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Providence-Warwick, RI-MA?
The median annual salary for a Property, Real Estate, and Community Association Managers in Providence-Warwick, RI-MA is $86,290. This typically ranges from $49,230 for entry-level positions to $128,860 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 4.7% higher than the national median of $82,410.
Is Providence-Warwick, RI-MA a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it is a financially advantageous location for these professionals.The average salary of $86,290 significantly exceeds the national average, and with a cost of living index at par with the national average, the real income is robust.
Is Providence-Warwick, RI-MA a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Massachusetts nonmetropolitan area ($99,230) and Worcester, MA.
How does the Providence-Warwick salary compare to the national average?
Property, Real Estate, and Community Association Managers in Providence-Warwick earn an average of $86,290 annually, which is higher than the national average of $82,410.
What is the job market like for Property Managers in Providence?
The job market shows consistent demand, with 1.056 jobs per 1,000 workers, indicating a stable environment for professionals in this field.
Does the cost of living affect the salary in Providence?
No, the cost of living in Providence-Warwick is exactly at the national average (100), meaning the higher salary offers equivalent purchasing power.
Is there high competition for Property Manager roles in Providence?
With a Location Quotient of 0.55, the market is less concentrated than the national average, suggesting potentially less intense competition for qualified candidates.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 750 employees in the Providence-Warwick, RI-MA area with a job density of 1.056 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 Providence-Warwick, RI-MA