Property manager earnings by seniority

90th percentile

Top-level property manager earnings begin at:

$33.36 per hour

$69,380 per year

75th percentile

Senior-level property manager earnings begin at:

$23.96 per hour

$49,840 per year

50th percentile

Mid-level property manager earnings begin at:

$17.98 per hour

$37,400 per year

25th percentile

Junior-level property manager earnings begin at:

$13.82 per hour

$28,750 per year

10th percentile

Starting level property manager earnings begin at:

$8.92 per hour

$18,550 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 13% less than similar careers in Mississippi. On average, they make less than logisticians but more than spa managers.

Career Median Salary
Logistician salary $72K
Range manager salary $50K
Lodging manager salary $41K
Restaurant manager salary $46K
Office manager salary $43K
Property manager salary $37K
Wedding planner salary $38K
Retail manager salary $34K
Spa manager salary $28K

Source: CareerExplorer (Aggregated)