Property, Real Estate, and Community Association Managers in the Waterbury-Shelton, CT area earn an average annual salary of $71,660. This figure is notably below the national average of $82,410, suggesting that local market dynamics, such as demand and the cost of doing business, play a significant role in compensation levels within this specific Connecticut region.
Executive Summary
- Average Salary: $71,660 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $106,500.
- Outlook: The Waterbury-Shelton, CT area supports a local workforce of 250 Property, Real Estate, and Community Association Managers. With a Location Quotient of 0.84, the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally concentrated job market. The presence of 1.607 jobs per 1,000 workers suggests a consistent demand for these professionals within the local economy.
Salary Overview
The average Property, Real Estate, and Community Association Managers in Waterbury-Shelton, CT earns-13.0%below the national average.
$34.5
$1,378
$5,972
Property, Real Estate, and Community Association Managers Salary Trends (2020-2024)
While specific historical data for Waterbury-Shelton, CT is not provided, it is generally assumed that salaries for Property, Real Estate, and Community Association Managers have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing property values, evolving management technologies, and a persistent need for skilled professionals to oversee real estate assets and community associations.
Property, Real Estate, and Community Association Managers Salary Distribution in Waterbury-Shelton, CT
Career progression for Property, Real Estate, and Community Association Managers in Waterbury-Shelton, CT, like elsewhere, is strongly tied to experience. Entry-level positions often start at the lower end of the salary spectrum, while seasoned professionals with a proven track record in complex property management or community development can command significantly higher earnings. The percentile gaps in salary clearly delineate these stages of career advancement, rewarding expertise and responsibility.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $40,840 | $19.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $53,745 | $25.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $61,810 | $29.7 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $89,575 | $43.1 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $106,500 | $51.2 |
Detailed Property, Real Estate, and Community Association Managers Market Analysis
Relocation Context
Nominal Salary
$71,660
Gross Pay
Real Wage (Purchasing Power)
$71,660
Adjusted for COL (100)
The average annual salary of $71,660 in Waterbury-Shelton, CT, aligns precisely 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 this area is equivalent to the national average, offering a balanced lifestyle without the premium often associated with higher cost-of-living regions.
Job Market Context
250
Total Jobs
1.607
Per 1K Jobs
0.84
Location Quotient
Waterbury-Shelton, CT has 0.84x 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 0.84 for Property, Real Estate, and Community Association Managers in Waterbury-Shelton, CT, indicates that this profession is slightly less concentrated than the national average. This suggests a moderately competitive job market where demand is present but not overwhelmingly high, potentially offering good opportunities for qualified candidates without intense competition.
Nearby Job Markets
Nearby Cities for Property, Real Estate, and Community Association Managers
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Property, Real Estate, and Community Association Managers make in Waterbury-Shelton, CT?
The median annual salary for a Property, Real Estate, and Community Association Managers in Waterbury-Shelton, CT is $71,660. This typically ranges from $40,840 for entry-level positions to $106,500 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 13.0% lower than the national median of $82,410.
Is Waterbury-Shelton, CT a lucrative place for Property, Real Estate, and Community Association Managerss?
No, not significantly more lucrative than the national average.While the salary is substantial at $71,660, it falls below the national average of $82,410. However, the cost of living is also at the national average, making the effective purchasing power comparable.
Is Waterbury-Shelton, CT a good place to live for Property, Real Estate, and Community Association Managers?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($78,840) and New Haven, CT.
How does the Waterbury-Shelton, CT salary compare to the national average?
The average salary for Property, Real Estate, and Community Association Managers in Waterbury-Shelton, CT is $71,660, which is lower than the national average of $82,410.
What is the Cost of Living in Waterbury-Shelton, CT?
The Cost of Living Index in Waterbury-Shelton, CT is 100, which is exactly the national average.
How concentrated is the job market for Property Managers in this area?
The job market is slightly less concentrated than the national average, with a Location Quotient of 0.84, indicating a stable but not overly saturated field.
What does a Location Quotient of 0.84 mean?
A Location Quotient of 0.84 signifies that the proportion of Property, Real Estate, and Community Association Managers in Waterbury-Shelton, CT is 16% lower than the national average, suggesting a slightly less specialized local market.
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 Waterbury-Shelton, CT area with a job density of 1.607 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 Waterbury-Shelton, CT