Average Property, Real Estate, and Community Association Managers Salary in Waco, TX
Property, Real Estate, and Community Association Managers in Waco, TX, earn an average annual salary of $69,760. This figure is notably below the national average of $82,410, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. While the nominal salary is lower, understanding the local economic context is crucial for a complete picture.
Executive Summary
- Average Salary: $69,760 per year.
- Growth Trend: Salaries have shifted 28.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $94,790.
- Outlook: With a local workforce of 300 professionals in this sector, Waco, TX, presents a moderately sized employment pool for Property, Real Estate, and Community Association Managers. The Location Quotient of 1.2 indicates a slightly higher concentration of these roles compared to the national average, hinting at a stable, albeit not booming, demand for skilled managers in the region.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Waco, TX earns-15.4%below the national average.
$33.5
$1,342
$5,813
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for Waco is not provided, it is reasonable to assume that salaries for Property, Real Estate, and Community Association Managers in Waco, TX, have experienced gradual growth over the past four years, mirroring national trends. Economic development and an increasing need for professional property management services likely contribute to this upward salary trajectory.
Property, Real Estate, and Community Association Managers Salary Distribution in Waco, TX
Career progression for Property, Real Estate, and Community Association Managers in Waco, TX, typically involves a significant salary increase with experience. Entry-level positions might start closer to $50,000, while seasoned professionals with extensive experience and specialized skills can command salaries well over $90,000. The percentile gaps in salary clearly signify the substantial career advancement opportunities available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,290 | $16.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $52,320 | $25.2 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $63,160 | $30.4 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $87,200 | $41.9 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $94,790 | $45.6 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$69,760
Gross Pay
Real Wage (Purchasing Power)
$69,760
Adjusted for COL (100)
The average annual salary of $69,760 in Waco, TX, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Property, Real Estate, and Community Association Manager's salary in Waco is equivalent to the national average, offering a stable financial standing relative to the cost of everyday expenses.
Job Market Context
300
Total Jobs
2.301
Per 1K Jobs
1.2
Location Quotient
With a location quotient of 1.20, Waco, TX 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 1.2 for Property, Real Estate, and Community Association Managers in Waco, TX, signifies a job market that is 20% more concentrated than the national average. This suggests a healthy demand for these professionals, indicating that the market is neither oversaturated nor severely lacking in opportunities, providing a balanced environment for job seekers and employers.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Waco, TX
Hiring Property, Real Estate, and Community Association Managerss?
Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Waco, TX?
The median annual salary for a Property, Real Estate, and Community Association Managers in Waco, TX is $69,760. This typically ranges from $34,290 for entry-level positions to $94,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waco, TX is 15.4% lower than the national median of $82,410.
Is Waco, TX a lucrative place for Property, Real Estate, and Community Association Managerss?
No, but it offers good value.While the average salary of $69,760 is below the national average, the cost of living in Waco is also at the national average. This means your earnings provide equivalent purchasing power to the national average, offering good financial stability.
Is Waco, TX a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Waco, TX is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waco, TX?
Some top paying nearby cities include North Region of Texas nonmetropolitan area ($72,580) and Northwestern Region of Texas nonmetropolitan area.
How does Waco's Property Manager salary compare to the national average?
The average salary for Property, Real Estate, and Community Association Managers in Waco, TX, is $69,760, which is lower than the national average of $82,410.
What is the concentration of Property Managers in Waco, TX?
Waco, TX has a Location Quotient of 1.2 for these roles, indicating a slightly higher concentration of Property, Real Estate, and Community Association Managers compared to the national average.
Does the cost of living affect the value of a Property Manager's salary in Waco?
No, the cost of living in Waco is exactly at the national average (100), meaning the $69,760 salary offers purchasing power equivalent to the national average.
What is the total number of Property Managers in Waco, TX?
There are approximately 300 Property, Real Estate, and Community Association Managers working in Waco, TX.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 300 employees in the Waco, TX area with a job density of 2.301 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Property, Real Estate, and Community Association Managers Salaries by State
Top Jobs in Waco, TX
- All Occupations Salary in Waco, TX
- Office and Administrative Support Occupations Salary in Waco, TX
- Food Preparation and Serving Related Occupations Salary in Waco, TX
- Transportation and Material Moving Occupations Salary in Waco, TX
- Sales and Related Occupations Salary in Waco, TX
- Management Occupations Salary in Waco, TX
- Production Occupations Salary in Waco, TX
- Educational Instruction and Library Occupations Salary in Waco, TX
- Business and Financial Operations Occupations Salary in Waco, TX
- Healthcare Practitioners and Technical Occupations Salary in Waco, TX
- Browse All Jobs in Waco, TX →
Semantic Salary Analysis for Property, Real Estate, and Community Association Managers • Data source: BLS OEWS 2024 •Jobs in Waco, TX