Property, Real Estate, and Community Association Managers Salary in Chicago, IL-IN

Property, Real Estate, and Community Association Managers in the Chicago, IL-IN metro area earn a median annual salary of $76,890, which is higher than the national median of $66,700 for this occupation. This local median income reflects that these professionals typically command salaries above the area's median household income of $88,850. The hourly rate aligns with this finding at approximately $36.97 per hour. At the lower end of the salary spectrum, individuals in the 10th percentile earn about $41,750 annually, while those in the 25th percentile make $58,370. Conversely, professionals in the higher income brackets earn significantly more, with a median at the 75th percentile reaching $120,680 and the top earners in the 90th percentile earning upwards of $154,590 annually.

In terms of salary progression within this occupation, entry-level Property, Real Estate, and Community Association Managers start on the lower end of the pay scale. Their earnings often align with those at the 10th or 25th percentiles, ranging from approximately $41,750 to $58,370 per year. As managers gain experience, their salaries tend to increase substantially, moving them towards the higher percentiles where median earnings can reach up to $120,680 for experienced professionals, and even further into the $154,590 range for top earners at the 90th percentile. The difference in pay between entry-level and experienced workers is driven by factors such as accumulated industry knowledge, enhanced managerial skills, increased responsibilities, and a broader professional network that often accompanies years of experience within the field.