Property, Real Estate, and Community Association Managers in the South Bend-Mishawaka, IN-MI area earn an average annual salary of $66,110. This figure is notably below the national average of $82,410, suggesting that local market dynamics, such as demand and the overall economic landscape of the region, play a significant role in compensation levels for these professionals.
Executive Summary
- Average Salary: $66,110 per year.
- Growth Trend: Salaries have shifted 28.5% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $101,920.
- Outlook: With a total local workforce of 250 individuals in this specialized field and a Location Quotient of 0.99, the job market for Property, Real Estate, and Community Association Managers in South Bend-Mishawaka is stable and closely mirrors national concentration levels. This indicates a consistent, albeit not exceptionally high, demand for these roles, suggesting a steady employment environment for professionals in this sector.
Salary Overview
The average Property, Real Estate, and Community Association Managers in South Bend-Mishawaka, IN-MI earns-19.8%below the national average.
$31.8
$1,271
$5,509
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 South Bend-Mishawaka have experienced gradual growth over the past four years, mirroring general economic trends and inflation. This upward trajectory is typical for roles requiring specialized management skills, reflecting an increasing demand for effective property oversight.
Property, Real Estate, and Community Association Managers Salary Distribution in South Bend-Mishawaka, IN-MI
Career progression for Property, Real Estate, and Community Association Managers typically involves a significant salary increase with experience. Entry-level positions might start at lower percentiles, while seasoned professionals with extensive experience in managing diverse portfolios and complex community needs can command salaries in the higher percentiles, reflecting their accumulated expertise and proven track record.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $39,960 | $19.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $49,583 | $23.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,630 | $28.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $82,638 | $39.7 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $101,920 | $49 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$66,110
Gross Pay
Real Wage (Purchasing Power)
$66,110
Adjusted for COL (100)
The average annual salary of $66,110 in South Bend-Mishawaka aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a manager's salary in this area is equivalent to the national standard, indicating that while the nominal salary is lower than the national average, it is well-supported by the local economic conditions.
Job Market Context
250
Total Jobs
1.908
Per 1K Jobs
0.99
Location Quotient
South Bend-Mishawaka, IN-MI has 0.99x 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.
A Location Quotient of 0.99 for Property, Real Estate, and Community Association Managers in South Bend-Mishawaka signifies that the concentration of these jobs in the area is almost identical to the national average. This suggests a balanced market where the number of professionals and available positions are in close equilibrium, implying moderate competition and a stable demand for skilled managers.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near South Bend-Mishawaka, IN-MI
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in South Bend-Mishawaka, IN-MI?
The median annual salary for a Property, Real Estate, and Community Association Managers in South Bend-Mishawaka, IN-MI is $66,110. This typically ranges from $39,960 for entry-level positions to $101,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Bend-Mishawaka, IN-MI is 19.8% lower than the national median of $82,410.
Is South Bend-Mishawaka, IN-MI a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not exceptionally lucrative compared to the national average.While the salary of $66,110 is supported by the national average cost of living, it falls significantly short of the national average salary for this profession. This indicates that while stable, the earning potential is not as high as in other regions.
Is South Bend-Mishawaka, IN-MI a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in South Bend-Mishawaka, IN-MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Bend-Mishawaka, IN-MI?
Some top paying nearby cities include Niles, MI ($72,130) and Elkhart-Goshen, IN.
How does the South Bend-Mishawaka salary compare to the national average?
The average salary of $66,110 in South Bend-Mishawaka is considerably lower than the national average of $82,410 for Property, Real Estate, and Community Association Managers.
What is the significance of the Location Quotient (LQ) being 0.99?
An LQ of 0.99 indicates that the concentration of Property, Real Estate, and Community Association Managers in South Bend-Mishawaka is very close to the national average, suggesting a market that is neither over-saturated nor significantly underserved.
How does the cost of living affect the salary in South Bend-Mishawaka?
With a Cost of Living Index of 100, the local salary of $66,110 has the same purchasing power as the national average, meaning that despite being lower than the national salary average, it is adequate for the local economic environment.
What is the total number of Property, Real Estate, and Community Association Managers in South Bend-Mishawaka?
There are approximately 250 Property, Real Estate, and Community Association Managers employed in the South Bend-Mishawaka area, reflecting a modest but stable workforce size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 250 employees in the South Bend-Mishawaka, IN-MI area with a job density of 1.908 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 South Bend-Mishawaka, IN-MI