Average Property, Real Estate, and Community Association Managers Salary in Washington
Property, Real Estate, and Community Association Managers in Washington are earning a substantial average annual salary of $123,500. This figure significantly outpaces the national average of $82,410, suggesting that the unique economic landscape and demand within Washington state command higher compensation for these professionals. Factors such as a robust real estate market and the specific needs of its communities likely contribute to this elevated pay scale.
Executive Summary
- Average Salary: $123,500 per year.
- Growth Trend: Salaries have shifted 32.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,390.
- Outlook: With a local workforce of 2,850 professionals in this field, Washington demonstrates a notable presence of Property, Real Estate, and Community Association Managers. The Location Quotient of 0.42 indicates that while the profession is present, it is less concentrated than the national average, suggesting a potentially balanced or slightly undersupplied market that could favor job seekers.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Washington earns+49.9%above the national average.
$59.4
$2,375
$10,292
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Property, Real Estate, and Community Association Managers in Washington have experienced steady growth over the past four years. This trend is typically driven by increasing property values, evolving management complexities, and a consistent demand for skilled professionals to oversee diverse real estate portfolios and community associations.
Property, Real Estate, and Community Association Managers Salary Distribution in Washington
Career progression for Property, Real Estate, and Community Association Managers in Washington is strongly tied to experience. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive portfolios and proven track records can command salaries in the upper percentiles, reflecting their expertise and value. The significant salary gaps between entry-level and senior roles underscore the substantial career growth potential within this sector.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,290 | $35.2 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $92,625 | $44.5 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $118,470 | $57 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $154,375 | $74.2 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $178,390 | $85.8 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$123,500
Gross Pay
Real Wage (Purchasing Power)
$107,298
Adjusted for COL (115.1)
The average annual salary of $123,500 in Washington presents a strong nominal income. However, with a Cost of Living Index of 115.1, residents face expenses approximately 15.1% higher than the national average. This means that while the salary is considerably higher, the purchasing power needs to be carefully considered against the elevated cost of housing, goods, and services in the state.
Job Market Context
2,850
Total Jobs
0.806
Per 1K Jobs
0.42
Location Quotient
At 0.42x, Washington has a notably lower concentration of Property, Real Estate, and Community Association Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.42 for Property, Real Estate, and Community Association Managers in Washington suggests that this profession is less concentrated in the state compared to the national average. This could indicate a market with ample opportunities for skilled professionals, as the demand might be outstripping the local supply of specialized talent, potentially leading to competitive hiring environments.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Washington
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Washington?
The median annual salary for a Property, Real Estate, and Community Association Managers in Washington is $123,500. This typically ranges from $73,290 for entry-level positions to $178,390 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington is 49.9% higher than the national median of $82,410.
Is Washington a lucrative place for Property, Real Estate, and Community Association Managerss?
Yes, Washington offers a lucrative environment for these professionals.The average salary of $123,500 significantly exceeds the national average, indicating strong earning potential. Despite a higher cost of living, the substantial salary offers a favorable financial outlook for those in this field.
Is Washington a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Washington is 115.1. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington?
Some top paying nearby cities include Seattle-Tacoma-Bellevue, WA ($124,680) and Wenatchee-East Wenatchee, WA.
How does Washington's salary compare to the national average for this role?
Property, Real Estate, and Community Association Managers in Washington earn an average of $123,500 annually, which is considerably higher than the national average of $82,410.
What is the concentration of this job in Washington compared to the rest of the US?
The Location Quotient of 0.42 indicates that Property, Real Estate, and Community Association Managers are less concentrated in Washington than the national average, suggesting a potentially less saturated job market.
How does the cost of living affect the salary in Washington?
With a Cost of Living Index of 115.1, Washington is more expensive than the national average. While the high salary helps offset this, it's crucial to factor in increased expenses for housing and daily life.
What does the number of jobs per 1,000 workers signify?
The 0.806 jobs per 1,000 workers metric shows the prevalence of this role within the state's overall workforce, providing context to the job market size.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,850 employees in the Washington area with a job density of 0.806 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 Washington