FLCAJ 2015-2016 Salary & Information Survey

Published January 2016

Florida Community Association Journal is excited to present the 2015–2016 Salary and Information Survey. The Survey depends on 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.

As in previous years, the largest percentage of responses to the Salary Survey came from the Southeast region at 38 percent (Figure 1). Naturally the concentration of condominium associations in Southeast Florida also means there is a larger concentration of community association managers there. Southwest Florida has the second most responses with 28 percent and Central Florida is seeing an increase in responses at 22 percent.

This year’s survey was completed by 69 percent of condominium communities with 24 percent of HOAs and seven percent of cooperatives. Of those communities, 97 percent employed a paid manager showing that the majority of communities are placing themselves under professional management (Figure 2).

The average community surveyed for 2015 (Figure 3) is 30 years old, contains 458 units with the average unit priced at 395,000, an increase of more than $24,000 from 2014. The average budget in 2015 increased by more than $86,000, with the annual 2015 budget coming in at $1,463,383 compared to 1,376,940 in 2014.

The manager profile (Figure 4) shows the average manager is 56 years old. Quite striking is the fact that 58 percent of managers are female as opposed to 40 percent male managers. This is the first time in the Salary Survey that women have overtaken men in the industry. The average manager has spent 17 years in management with seven years in the current job.

Manager salaries (Figure 5) are a reason for excitement as the average salary of $60,844 in 2015 is an increase of $4,546 from last year. This salary increase is offset by the fact that in 2014, 73 percent of managers had health insurance provided, but in 2015, only 58 percent are receiving health insurance as a benefit to their work. 

The Southeast continues to lead the state in average salary followed by the Southwest, and both these regions saw increases in annual income as did the Central region. Unfortunately, the Panhandle and Northeast regions both saw decreases in their average annual salary (Figure 6).

The next four charts (Figures 7—10) present income in relation to the number of units in an association, average price of units, annual budget, and length of employment. It is clear that more responsibility leads to greater pay. 

This year’s survey indicates a drop in the average hourly wage for all but the community’s bookkeeper and security guards (Figure 11). In addition, the average number of employees per community declined by two in 2015.

To get an early start on helping FLCAJ compile next year’s Salary and Information Survey, please visit www.fcapgroup.com/survey.