Average Property, Real Estate, and Community Association Managers Salary in Richmond, VA
Property, Real Estate, and Community Association Managers in Richmond, VA, earn an impressive average annual salary of $109,830. This figure significantly surpasses the national average of $82,410, indicating a strong local demand and potentially higher responsibilities or market dynamics at play within the Richmond area. The robust compensation reflects the value placed on skilled professionals managing the region's real estate assets.
Executive Summary
- Average Salary: $109,830 per year.
- Growth Trend: Salaries have shifted 27.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $195,270.
- Outlook: With a total local workforce of 750 professionals in this field, Richmond presents a moderately sized but established market for Property, Real Estate, and Community Association Managers. The Location Quotient of 0.6 suggests that while the concentration of these roles is slightly below the national average, the presence of a substantial workforce indicates consistent demand and ongoing opportunities for skilled individuals within the city and its surrounding communities.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Richmond, VA earns+33.3%above the national average.
$52.8
$2,112
$9,153
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 Richmond have experienced growth over the past four years, mirroring national trends. Factors such as increasing property values, evolving management technologies, and a dynamic real estate market likely contribute to upward pressure on compensation for experienced professionals in this sector.
Property, Real Estate, and Community Association Managers Salary Distribution in Richmond, VA
Career progression for Property, Real Estate, and Community Association Managers in Richmond typically involves a significant salary increase from entry-level to senior positions. While specific percentile data is unavailable, the typical salary range suggests that experienced professionals, particularly those with specialized skills or a proven track record in managing complex properties or associations, can command salaries well above the average, reflecting their increased value and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $50,230 | $24.1 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $82,373 | $39.6 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $79,800 | $38.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $137,288 | $66 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $195,270 | $93.9 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$109,830
Gross Pay
Real Wage (Purchasing Power)
$109,830
Adjusted for COL (100)
The average annual salary of $109,830 in Richmond, VA, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Property, Real Estate, and Community Association Manager's salary in Richmond is equivalent to the national average, offering a stable financial environment for residents without the added financial strain of a higher cost of living.
Job Market Context
750
Total Jobs
1.149
Per 1K Jobs
0.6
Location Quotient
Richmond, VA has 0.60x 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 0.6 for Property, Real Estate, and Community Association Managers in Richmond indicates that this profession is less concentrated locally compared to the national average. This suggests that while the job market is stable with 1.149 jobs per 1,000 workers, there may be fewer specialized roles or a less saturated pool of candidates, potentially creating opportunities for skilled professionals to stand out.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Richmond, VA
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Richmond, VA?
The median annual salary for a Property, Real Estate, and Community Association Managers in Richmond, VA is $109,830. This typically ranges from $50,230 for entry-level positions to $195,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Richmond, VA is 33.3% higher than the national median of $82,410.
Is Richmond, VA a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, Richmond, VA offers lucrative opportunities for Property, Real Estate, and Community Association Managers.The average salary of $109,830 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong earning potential and purchasing power.
Is Richmond, VA a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Richmond, VA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Richmond, VA?
Some top paying nearby cities include Southside Virginia nonmetropolitan area ($71,940) and Northern West Virginia nonmetropolitan area.
How does Richmond's salary compare to the national average for this role?
Property, Real Estate, and Community Association Managers in Richmond earn an average of $109,830 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 Richmond?
The concentration, measured by the Location Quotient, is 0.6, which is below the national average, suggesting a less dense but stable presence of these professionals in the local job market.
How does the cost of living in Richmond affect the salary?
Richmond's Cost of Living Index is 100, matching the national average. This means the $109,830 salary provides purchasing power equivalent to the national average, making it a financially stable location.
What is the overall job market like for these managers in Richmond?
The market is characterized by a total local workforce of 750 professionals and 1.149 jobs per 1,000 workers, indicating a steady demand for skilled 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 750 employees in the Richmond, VA area with a job density of 1.149 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 Richmond, VA