FLCAJ 2017–2018 Salary and Information Survey

FLCAJ 2017–2018 Salary and Information Survey

Published January 2018

Florida Community Association Journal is once again privileged to present the annual Salary and Information Survey. This year marks the 18th year since the original survey was expanded to include more than just manager salary and benefit information. The Survey is compiled using data from several resources, with most coming from an online survey that is available every year from September 1 until December 1. As always, the Survey depends on participation from our readers, and we want to thank all who responded whether by the web survey or the CondoJobs website. We trust this information will be helpful in evaluating salary and benefits in your community.

  The Survey results are displayed in 11 graphic tables that should make the information easier to see at a glance.  Tables 1–3 focus on community demographic and financial data.

Figure 1
Breakdown of Responses by Florida Region for 2017
Southeast 40%
Panhandle 6%
Southwest 26%
Northeast 7%
Central 21%

 

Figure 2
Type of Community Survey Respondents
Survey Year 2017 2016 2015 2014 2013
Condominium 71% 75% 69% 75% 92%
HOA 25% 21% 24% 19% 8%
Cooperative 4% 4% 7% 6%
Paid Manager 98% 95% 97% 99% 91%
Onsite Manager 49%  56%      
Management Company 46%  39%      
Self-Managed 5%  5%      

 

Figure 3
Community Profile
Survey Year 2017 2016 2014 2014 2013
Average Number of Units 420 341 458 342 350
Average Price $441,600 385,000 395,000 370,294 521,066
Average Budget $1,873,797 1,820,016 1,463,383 1,376,940 1,744,056
Average Age 27 30 30 33

Table 4 presents typical manager profile information as provided by survey respondents.

Figure 4
Manager Profile
Survey Year 2016 2016 2015 2014 2013
Average Years in Management 15 17 17 16 15
Average Years in Current Job 7 6 7 7
Age 55 57 56 58 57
Male 47% 38% 40% 55% 65%
Female 49% 60% 58% 42% 35%
Couple 4% 2% 2% 3%
Sells/Rents Units 6% 15% 14% 6% 14%

Table 5 contains manager salary and benefits.

Figure 5
Manager Compensation
Survey Year 2016 2016 2015 2014 2013
Salary $62,412 62,412 60,844 56,298 54,171
Housing Provided 9% 9% 6% 8% 6%
Health Insurance 65% 65% 58% 73% 71%
Dental 34% 34% 32% 33% 33%
Bonus $1,445 1,445 3,812 2,631 2,631
Vacation Days 18 18 17 15 15
Sick Days 8 8 6 7 7
Retirement Available 22% 22% 19% 23% 18%

Tables 6–10 compare salary ranges with several key indicators: region, number of units, price of units, annual budget, and length of employment.

Figure 6
Total Income/
Region for 2017
Southeast $69,204
Southwest $69,842
Central $53,800
Panhandle $54,000
Northeast $47,200

 

Figure 7
Total Income/
Number of Units
Number
of Units
Average Salary
1001+ $74,321
501–1000 $66,400
401–500 $68,296
301–400 $57,328
201–300 $48,400
101–200 $51,333
–100 $39,200

 

Figure 8
Total Income/
Price of Units
Average
Price
Average Salary
$1,000,001+ $81,200
$500,001–
$1,000,000
$72,800
$400,001–
$500,000
$66,204
$300,001–
$400,000
$61,191
$200,001–
$300,000
$52,620
–$200,000 $48,800

 

Figure 9
Total Income/
Annual Budget
Budget Average Salary
$2,000,001+ $74,160
$1,500,001 – $2,000,000 $66,200
$1,000,001–
$1,500,000
$62,324
$500,001–
$1,000,000
$53,216
Under $500,000 $41,600

 

Figure 10
Total Income/Length of Employment
Time on
Current Job
Average Salary
20+ years $77,214
15–19 years $75,708
10–14 years $62,322
7–9 years $66,300
4–6 years $63,620
0–3 years $53,220

 

Figure 11
Average Hourly Wages
Assistant Manager $20.83 20.83 19.86 27.22 20.61
Bookkeeper $22.61 22.61 26.16 22.18 21.15
Doorman $14.66 14.66 12.95 14.93 12.01
Grounds Supervisor $19.21 19.21 17.02 19.16
Groundskeeper $14.91 14.91 13.10 15.14 13.06
Housekeeping Supervisor $16.17 16.17 14.54 14.12
Housekeeping $14.02 14.02 12.09 14.61 13.04
Maintenance Chief $22.04 22.04 24.45 30.16 26.14
Maintenance Man $16.61 16.61 15.00 15.75 15.91
Secretary $18.41 18.41 15.75 18.74 16.12
Security Chief $18.06 18.06 18.62 19.21 16.14
Security $13.77 13.77 12.63 12.30 12.16
Valet $10.27 10.27 9.26 9.84 9.40
Average # of Employees 7 7 9 11 8

Table 11 lists average hourly wages for other typical community association employees.

General Summary

       As in previous years, the largest percentage of responses to the Salary Survey came from Southeast Florida. Southwest Florida has the second most responses with Central Florida not far behind.

       Condominiums are represented three-to-one in responses, with almost all using paid management. This year’s survey respondents are almost split in whether they use an onsite manager or a management company. Management companies show quite an increase from last year.

       The average community surveyed for 2017 is 27 years old and contains 420 units, with the average unit priced at $441,600. The average budget in 2017 is slightly up from last year at $1,873,797.

       The manager profile shows the average manager is 55 years old. The manager is 2 percent more likely to be a female. The average number of years of management experience is 15 with the typical manager having been at their current position for seven years.

       The most interesting (and important) statistic for managers deals with compensation. Manager salaries continue their gradual climb averaging $63,141 statewide for 2017, up from $62,412 in 2016. In addition, bonuses are up from last year’s survey and average $2,755. A new statistic we have included for this year’s survey is for total compensation. The average figure for 2017 is $66,748.

       Those figures represent quite a bit of progress from the first survey that Advantage Publishing did in 2001. The average managers’ salary and bonus combined in 2001 was $45,251. The $21,497 increase in yearly compensation represents a 47.5 percent increase.

       Here are some other interesting statistics from the 2001 survey compared with this year:

Figure 12
  2001 2017
Female Managers 41% 49%
Average Budget $911,222 $1,873,797
Average Unit Price $292,303 $441,600
Medical Insurance 74% 63%
Retirement Plan 20% 43%
Assistant Manager $14.54/hr $20.35/hr

       If you have suggestions or input for next year’s survey, please email email hidden; JavaScript is required.