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.
Breakdown of Responses by Florida Region for 2017 | |
---|---|
Southeast | 40% |
Panhandle | 6% |
Southwest | 26% |
Northeast | 7% |
Central | 21% |
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% |
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.
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 | 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.
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.
Total Income/ Region for 2017 |
|
---|---|
Southeast | $69,204 |
Southwest | $69,842 |
Central | $53,800 |
Panhandle | $54,000 |
Northeast | $47,200 |
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 |
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 |
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 |
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 |
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.
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:
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 info@fcapgroup.com.