Property, Real Estate, and Community Association Managers Salary
The median pay for a property, real estate, and community association managers in Richmond, VA is $87,440/year ($42.04/hour), per BLS data. The range runs from $47K at the entry level to $170K for experienced workers. Adjusted for local prices (RPP 97.86), that's roughly $89,352 in purchasing power. Rent on a 2-bedroom averages $1,655/month, or 29.9% of estimated take-home pay.
So what does $87K get you in Richmond?
Groceries, utilities, transportation, and healthcare scaled from national averages by Richmond’s Regional Price Parity (97.86). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About property, real estate, and community association managers
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What this looks like in Richmond
Richmond sits well above the national pay line for property, real estate, and community association managers, local pay runs about 25% higher than the U.S. median of $70K. Rent runs $1,655/month for a 2-bedroom (HUD FMR), taking 30.4% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 97.86) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for property, real estate, and community association managers in metros near Richmond, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Virginia Beach-Chesapeake-Norfolk | $64K | $65K |
| Charlottesville | $74K | $75K |
| Roanoke | $65K | $69K |
| Blacksburg-Christiansburg-Radford | $75K | $81K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Richmond, VA
Entry-level property, real estate, and community association managers (10th percentile) start around $47K. Mid-career wages sit at $87K. Top earners bring in $170K or more, a $123K spread from bottom to top.
Property, Real Estate, and Community Association Managers pay across states
Median income ranked highest to lowest, compared to the national figure
View Property, Real Estate, and Community Association Managers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Washington | $119K | +70% | 2,950 |
| Massachusetts | $103K | +48% | 7,320 |
| Colorado | $100K | +43% | 2,230 |
| New York | $99K | +42% | 11,390 |
| District of Columbia | $94K | +34% | 2,040 |
| New Jersey | $83K | +18% | 7,110 |
| Maryland | $82K | +17% | 6,060 |
| Rhode Island | $80K | +15% | 730 |
| Virginia | $80K | +14% | 5,570 |
| Oregon | $78K | +12% | 3,190 |
| Wisconsin | $78K | +11% | 1,560 |
| California | $77K | +10% | 50,040 |
| Alaska | $77K | +10% | 450 |
| New Hampshire | $76K | +8% | 730 |
| Georgia | $75K | +8% | 8,690 |
| Illinois | $75K | +7% | 11,180 |
| Connecticut | $74K | +6% | 2,760 |
| Florida | $71K | +1% | 30,160 |
| Hawaii | $70K | +0% | 1,930 |
| Delaware | $68K | -3% | 790 |
| Pennsylvania | $66K | -6% | 9,370 |
| Minnesota | $65K | -7% | 4,480 |
| Tennessee | $65K | -7% | 4,310 |
| Oklahoma | $65K | -8% | 2,520 |
| Utah | $64K | -8% | 3,020 |
| Arizona | $64K | -9% | 9,970 |
| South Carolina | $63K | -10% | 4,900 |
| Vermont | $63K | -10% | 560 |
| New Mexico | $62K | -11% | 1,410 |
| Missouri | $62K | -12% | 4,740 |
| Nebraska | $62K | -12% | 1,530 |
| North Carolina | $61K | -12% | 10,690 |
| Texas | $61K | -12% | 45,350 |
| Maine | $61K | -13% | 960 |
| Indiana | $61K | -13% | 4,670 |
| Michigan | $60K | -14% | 5,840 |
| Wyoming | $60K | -14% | 640 |
| Ohio | $59K | -16% | 9,960 |
| Kansas | $59K | -16% | 2,810 |
| North Dakota | $59K | -16% | 590 |
| Alabama | $58K | -17% | 3,510 |
| Montana | $58K | -17% | 1,130 |
| Iowa | $58K | -17% | 2,290 |
| Nevada | $56K | -20% | 5,630 |
| West Virginia | $55K | -22% | 1,130 |
| Mississippi | $54K | -23% | 1,300 |
| Kentucky | $53K | -25% | 2,670 |
| Idaho | $51K | -27% | 1,680 |
| Louisiana | $50K | -29% | 3,060 |
| South Dakota | $49K | -29% | 1,280 |
| Arkansas | $48K | -32% | 2,310 |
Showing 1–10 of 51 (all 50 states + DC)
Track property, real estate, and community association managers salary changes
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Frequently asked questions
Can a property, real estate, and community association manager afford a 2BR apartment alone in Richmond?
It’s a stretch — at the median salary of $87K, rent takes 30.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,655/month. The 30% guideline puts the comfortable ceiling at roughly $1,600/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for property, real estate, and community association managers in Richmond?
The 10th-percentile wage — what new property, real estate, and community association managers typically earn — is $47K/year. Take-home on that works out to about $2,847/month. At HUD’s $1,655/month FMR, rent would take 58% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is property, real estate, and community association manager a high-paying job in Richmond?
Local pay is 25% above the national median — $87K here vs. $70K nationally.
How does Richmond compare to the national average for property, real estate, and community association managers?
Richmond pays $87K median vs. the U.S. average of $70K — that’s +25%. After adjusting for local cost of living (RPP 97.86), the purchasing-power equivalent is $89K — still ahead of the national median.
How much do property, real estate, and community association managers make in Richmond, VA?
The median is $87,440 a year, that works out to about $42 an hour. But the range is wide: entry-level workers start around $47,450, and experienced property, real estate, and community association managers can clear $170,140. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $87K enough to live in Richmond?
On that salary, you'd take home roughly $5,449/month after taxes. A 2-bedroom here rents for about $1,655/month, which eats 30.4% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a property, real estate, and community association managers salary go in Richmond?
Richmond has a Regional Price Parity of 97.86 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median property, real estate, and community association managers salary is worth about $89,352 in national-average purchasing power.
Where do property, real estate, and community association managers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.