Published January 2020
Florida Community Association Journal is once again privileged to present the annual Salary and Information Survey. This year marks the 31st year for the Survey and the 20th 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 throughout the year at fcapgroup.com/survey. 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 is displayed in three pie charts and seven bar charts that should make the information easier to see at a glance. The first pie chart breaks down responses by region, the second pie chart provides a general manager profile, and the third pie chart breaks down the type of association survey respondents live in and provides the first bar chart with typical manager profile information. The manager compensation bar chart contains the average manager’s salary and benefits. The four total income bar charts compare salary ranges with several key indicators: region, number of units, price of units, and length of employment. The final bar chart lists average hourly wages for other typical community association employees.
The largest percentage of responses to the Salary Survey came from the Southeast region, with Southwest Florida not far behind and Central Florida coming in with the third most responses.
Condominiums represent almost 60 percent of the responses, with the majority using paid management. This year’s survey respondent used on-site management 64 percent of the time and management companies 29 percent of the time.
The average community surveyed for 2019 is 35 years old and contains 398 units, with the average unit priced at $471,889. The average budget in 2019 is $1,688,938. Slightly less than one in three of the community associations is located on the oceanfront, and the community has on average seven directors serving on the board. Also, 58 percent of communities responded that they have fully-funded reserves.
The manager profile shows the average manager is 55 years old. The ratio of managers by gender is equal at 49 percent female and 49 percent male, with the other two percent being couples. The average number of years of management experience is 15, with the average manager having been at their current position for six years.
The most interesting (and important) statistic for managers deals with compensation. Manager salaries averaged $66, 013 statewide for 2019. In addition, bonuses averaged more than $2,500. In this year’s survey, total compensation averaged $71,627. Health insurance is being provided to 61 percent of respondents and an IRA/401k is available to 35 percent. The average number of vacation days came in at 15, with six sick/personal days being made available.
If you wish to be included in next year’s survey, please visit fcapgroup.com/survey.