Property, Real Estate, and Community Association Managers in the Sussex, Delaware nonmetropolitan area earn an average annual salary of $67,280. This figure is notably below the national average of $82,410, reflecting regional economic factors and a potentially smaller market demand compared to larger metropolitan hubs. The specific economic landscape and industry concentration within Sussex directly influence this compensation.
Executive Summary
- Average Salary: $67,280 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $93,220.
- Outlook: The local workforce for Property, Real Estate, and Community Association Managers in Sussex, Delaware, comprises 240 professionals. With a Location Quotient of 1.37, this indicates a concentration of these roles that is 37% higher than the national average. This suggests a robust and relatively specialized demand for these skills within the region, despite the smaller absolute workforce size.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Sussex Delaware nonmetropolitan area earns-18.4%below the national average.
$32.4
$1,294
$5,607
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for the Sussex, Delaware nonmetropolitan area is not provided, it is generally assumed that salaries for Property, Real Estate, and Community Association Managers have seen consistent 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 in the real estate sector.
Property, Real Estate, and Community Association Managers Salary Distribution in Sussex Delaware nonmetropolitan area
Career progression for Property, Real Estate, and Community Association Managers in Sussex, Delaware, typically involves a significant salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well above the average. The percentile gaps in earnings clearly signify the career trajectory and earning potential as one moves from junior to senior management roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $46,860 | $22.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $50,460 | $24.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $59,580 | $28.6 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $84,100 | $40.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $93,220 | $44.8 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$67,280
Gross Pay
Real Wage (Purchasing Power)
$67,280
Adjusted for COL (100)
The average annual salary of $67,280 in Sussex, Delaware, 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, offering a stable financial environment without the premium costs often associated with higher-than-average salaries in more expensive regions.
Job Market Context
240
Total Jobs
2.639
Per 1K Jobs
1.37
Location Quotient
With a location quotient of 1.37, Sussex Delaware nonmetropolitan area has a slightly higher-than-average concentration of Property, Real Estate, and Community Association Managers roles compared to the national norm.
A Location Quotient of 1.37 signifies that Property, Real Estate, and Community Association Managers are more concentrated in Sussex, Delaware, than the national average. This suggests a healthy demand for these professionals relative to the general workforce, indicating a market where these skills are valued and sought after, potentially leading to competitive opportunities for qualified individuals.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Sussex Delaware nonmetropolitan area
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Sussex Delaware nonmetropolitan area?
The median annual salary for a Property, Real Estate, and Community Association Managers in Sussex Delaware nonmetropolitan area is $67,280. This typically ranges from $46,860 for entry-level positions to $93,220 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Sussex Delaware nonmetropolitan area is 18.4% lower than the national median of $82,410.
Is Sussex Delaware nonmetropolitan area a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not compared to the national average.While the average salary of $67,280 is at par with the national cost of living, it falls significantly below the national average salary for the profession. The higher concentration of roles suggests demand, but not necessarily higher compensation.
Is Sussex Delaware nonmetropolitan area a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Sussex Delaware nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Sussex Delaware nonmetropolitan area?
Some top paying nearby cities include Dover, DE ($62,700) and Vineland, NJ.
How does the Sussex, Delaware salary compare to the national average?
The average annual salary for Property, Real Estate, and Community Association Managers in Sussex, Delaware is $67,280, which is approximately $15,130 less than the national average of $82,410.
What is the significance of the Location Quotient in Sussex, Delaware?
A Location Quotient of 1.37 indicates that the concentration of Property, Real Estate, and Community Association Managers in Sussex, Delaware is 37% higher than the national average, suggesting a specialized and relatively strong local market for these roles.
How does the cost of living affect the salary in Sussex, Delaware?
With a Cost of Living Index of 100, the national average, the $67,280 salary in Sussex, Delaware offers purchasing power equivalent to the national standard, making it a stable financial environment.
What is the total number of Property, Real Estate, and Community Association Managers in Sussex, Delaware?
There are 240 Property, Real Estate, and Community Association Managers employed in the Sussex, Delaware nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Sussex Delaware nonmetropolitan area area with a job density of 2.639 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 Sussex Delaware nonmetropolitan area