Published January 2023
Florida Community Association Journal is privileged for the 34th year to present the annual Salary and Information Survey. The Survey is compiled using data from an online survey that is available year-round. As always, the Survey depends on participation from our readers, managers, and board members alike, and we want to thank all who responded by the web survey. We trust this information will be helpful in evaluating salary and benefits in your community in 2023.
The Survey is displayed in three pie charts, eight bar charts, a community profile, and a manager’s compensation profile 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 supports the first bar chart with typical manager profile information. The manager compensation bar chart contains the average manager’s salary and benefits. The five total income bar charts compare salary ranges with several key indicators: region, number of units, price of units, total annual budget, and length of employment. The final bar chart lists average hourly wages for other typical community association employees.
In 2022, the largest percentage of responses to the Salary Survey came from Southeast Florida at 31 percent. This was followed by Southwest Florida at 27 percent and Central Florida coming in at 21 percent.
Survey participants who live in condominiums represent more than one-half of the responses, with 96 percent using paid management. This year’s survey respondents used on-site management 61 percent of the time and management companies 35 percent of the time. Four percent of the communities were self-managed.
The survey participants responded to several questions about their community association. The typical community surveyed in 2022 is an average of 35 years old and consists of 359 units. The average price for a unit came in at $613,614 with the average community budget at $1,523,972. The average board of directors consists of seven volunteers. The amount of the last
special assessment for the communities ranged from $241–$6,800,000. The more expensive projects were new windows ($6,800,00), deferred maintenance ($3,500,000) exterior repair ($2,200,000), and elevators and fire alarms (2,000,000). More than two-thirds of the communities surveyed reported that they had fully funded reserves.
The manager profile shows the average age of a manager is 53. The ratio of managers by gender is 58 percent female to 38 percent male with four percent husband/wife team. The average number of years of total management experience is 17, with the average manager having been at his/her current position for seven years and devoting at least 42 hours per week to the job.
The most important statistic for managers deals with compensation. Manager salaries averaged $71,291 statewide for 2022, with bonuses averaging $4,715. This was great to see in another challenging year. Health insurance is being provided to 54 percent of respondents, and an IRA/401k is available to 37 percent. The average number of vacation days came in at 14 with six sick/personal days being made available.
The average number of employees per community association came in at seven. Assistant managers, bookkeepers, maintenance men, and administrative assistants saw increases in their hourly wages as compared with 2021.
FLCAJ hopes that you find this information useful and helpful as we move into 2023. We encourage you to take part in the 2023–2024 Salary and Information Survey by taking some time to visit www.fcapgroup.com/survey, and fill out the survey as completely as you are able.