Average Property, Real Estate, and Community Association Managers Salary in Springfield, MA
Property, Real Estate, and Community Association Managers in Springfield, MA, earn an impressive average annual salary of $86,840. This figure notably surpasses the national average of $82,410, indicating a favorable compensation landscape within the region. Local economic factors and demand dynamics likely contribute to this elevated pay scale for professionals in this sector.
Executive Summary
- Average Salary: $86,840 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $136,090.
- Outlook: The job market for Property, Real Estate, and Community Association Managers in Springfield, MA, shows a steady presence with a total local workforce of 260 individuals. While the Location Quotient of 0.68 suggests a slightly lower concentration compared to the national average, the presence of over a quarter-thousand professionals indicates a stable, albeit not hyper-concentrated, demand for these specialized skills within the Springfield area.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Springfield, MA earns+5.4%above the national average.
$41.8
$1,670
$7,237
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for Springfield, MA is not provided, it is reasonable to assume that salaries for Property, Real Estate, and Community Association Managers have experienced growth over the past four years, mirroring national trends. Economic recovery, increased property values, and evolving management complexities typically drive upward salary adjustments in this field, suggesting a positive trajectory for compensation.
Property, Real Estate, and Community Association Managers Salary Distribution in Springfield, MA
Career progression for Property, Real Estate, and Community Association Managers in Springfield, MA, is typically marked by significant salary increases. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive experience and specialized certifications can command salaries well into the upper percentiles. The widening gap between entry-level and senior roles underscores the value placed on expertise and a proven track record in property management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $51,230 | $24.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $65,130 | $31.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $77,070 | $37.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $108,550 | $52.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $136,090 | $65.4 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$86,840
Gross Pay
Real Wage (Purchasing Power)
$86,840
Adjusted for COL (100)
For professionals considering a move to Springfield, MA, the nominal average salary of $86,840 aligns perfectly with the local Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of the salary in Springfield is equivalent to the national average, offering a stable financial foundation without the immediate pressure of higher or lower living expenses.
Job Market Context
260
Total Jobs
1.309
Per 1K Jobs
0.68
Location Quotient
Springfield, MA has 0.68x 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 0.68, Springfield, MA, has a slightly lower concentration of Property, Real Estate, and Community Association Managers relative to the national average. This suggests that while the profession is established, the market may not be oversaturated, potentially offering good opportunities for skilled individuals. The job market is neither exceptionally competitive nor scarce, presenting a balanced environment for career seekers.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Springfield, MA
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Springfield, MA?
The median annual salary for a Property, Real Estate, and Community Association Managers in Springfield, MA is $86,840. This typically ranges from $51,230 for entry-level positions to $136,090 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Springfield, MA is 5.4% higher than the national median of $82,410.
Is Springfield, MA a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, it offers above-average compensation.Springfield, MA, presents a lucrative opportunity with an average salary of $86,840, exceeding the national average. Coupled with a cost of living at the national average, this makes the location financially attractive for these professionals.
Is Springfield, MA a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Springfield, MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Springfield, MA?
Some top paying nearby cities include Amherst Town-Northampton, MA ($87,910) and Hartford-West Hartford-East Hartford, CT.
How does the Springfield, MA salary compare to the national average?
The average annual salary for Property, Real Estate, and Community Association Managers in Springfield, MA, is $86,840, which is higher than the national average of $82,410.
What is the concentration of Property, Real Estate, and Community Association Managers in Springfield, MA?
The concentration, measured by the Location Quotient, is 0.68, indicating that this profession is slightly less concentrated in Springfield compared to the national average.
How does the cost of living in Springfield, MA affect the salary?
The cost of living in Springfield, MA, is at the national average (100), meaning the $86,840 salary has purchasing power equivalent to the national average, making it a stable financial proposition.
What does the total local workforce number signify?
The total local workforce of 260 for this role indicates a stable and established presence of these professionals in Springfield, MA, suggesting consistent demand for their services.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Springfield, MA area with a job density of 1.309 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 Springfield, MA