The average salary for a property manager in the United States is around $55,508 per year.
Avg Salary
Property managers earn an average yearly salary of $55,508.
Wages typically start from $29,313 and go up to $105,112.
5% below national average Updated in 2019
Property manager earnings by seniority
Top-level property manager earnings begin at:
$50.53 per hour
$105,112 per year
Senior-level property manager earnings begin at:
$37.35 per hour
$77,678 per year
Mid-level property manager earnings begin at:
$26.69 per hour
$55,508 per year
Junior-level property manager earnings begin at:
$19.07 per hour
$39,665 per year
Starting level property manager earnings begin at:
$14.09 per hour
$29,313 per year
Approximate values based on highest and lowest earning segments.
Property manager salary by state
| State Name | Average Salary |
|---|---|
| Georgia | $89,520 |
| Rhode Island | $87,210 |
| New Jersey | $80,690 |
| Virginia | $79,640 |
| Massachusetts | $78,830 |
| Washington | $78,210 |
| Colorado | $75,970 |
| Oklahoma | $75,370 |
| Iowa | $72,012 |
| Alaska | $70,240 |
| District of Columbia | $68,770 |
| Pennsylvania | $67,970 |
| Illinois | $64,276 |
| Maryland | $63,780 |
| Hawaii | $63,543 |
| Virgin Islands, U.S. | $62,720 |
| Connecticut | $62,650 |
| Texas | $62,300 |
| California | $61,150 |
| New Hampshire | $60,220 |
| Minnesota | $58,470 |
| Vermont | $58,120 |
| Wisconsin | $58,110 |
| Michigan | $57,900 |
| Delaware | $56,800 |
| Alabama | $55,370 |
| North Carolina | $54,630 |
| Maine | $53,610 |
| Florida | $52,980 |
| Oregon | $52,770 |
| Kansas | $52,040 |
| Ohio | $51,740 |
| Indiana | $49,999 |
| Wyoming | $48,790 |
| Tennessee | $48,560 |
| New Mexico | $48,510 |
| Nevada | $48,080 |
| South Carolina | $47,660 |
| Arizona | $46,774 |
| Kentucky | $46,765 |
| West Virginia | $45,790 |
| Nebraska | $44,670 |
| Missouri | $44,140 |
| North Dakota | $43,870 |
| Utah | $41,340 |
| Montana | $40,220 |
| Puerto Rico | $39,870 |
| Arkansas | $39,696 |
| Louisiana | $39,450 |
| Mississippi | $37,400 |
| Guam | $37,220 |
| Idaho | $36,633 |
| South Dakota | $36,630 |
| New York | $112,580 |
How much does a Property Manager earn?
The type of agency or company that a property manager works for can have a significant impact on the property manager's salary. Those employed by insurance carriers reported the highest property manager salaries at $120,300/yr. Property managers employed by real estate brokers or landlords reported average property manager salaries ranging from about $60,000 to $65,000/yr. Those employed by business or professional organizations earned an average of $55,010/yr, and those working for local governments averaged $65,640/yr.
Property managers that manage apartment buildings are usually given a base salary and a yearly bonus (bonuses are paid if they meet quotas on the number of units they rent). Apartment managers will likely earn higher salaries in larger apartment complexes because they generate more revenue to support the higher salaries. Apartment property manager's salaries are higher in California, Illinois, or Washington, D.C., because housing and living costs are higher in those areas.
While some property managers possess only a high school diploma or an associate's degree, pursuing a bachelor's degree in a related field or a master's in business administration should boost a property manager's salary.
How do property manager salaries compare to similar careers?
Property managers earn about the same as related careers in the United States. On average, they make less than mail superintendents but more than restaurant managers.
| Career | Median Salary |
|---|---|
| Mail superintendent salary | $77K |
| Farm manager salary | $66K |
| Sales manager salary | $63K |
| Range manager salary | $63K |
| Logistician salary | $58K |
| Property manager salary | $56K |
| Lodging manager salary | $50K |
| Wedding planner salary | $46K |
| Office manager salary | $43K |
| Restaurant manager salary | $38K |
Source: CareerExplorer (Aggregated)