Salaries for Property Managers

Property manager is defined as someone who is responsible for the day-to-day operations, maintenance, and financial performance of one or more real estate assets, ensuring they remain safe, functional, attractive, and compliant with all applicable regulations. This role serves as the primary point of contact for tenants, owners, vendors, and contractors, balancing the needs of building occupants with the goals of ownership or management companies. 

Median Salary: $100,000 

Average Salary: $106,885 

Average Raise:  3 percent 

Median Age: 54 

Highest Salary: $260,000 

Lowest Salary: $24,000 

Average Salary by Education Level 

• High School Graduate: $83,426  
• Trade School: $109,200  
• Some College: $101,374  
• Associate Degree: $97,833  
• Bachelor's Degree: $117,015  
• Master's Degree: $112,935  
• Professional PhD: N/A    

Median Salary by Education Level 

• High school graduate or equivalent: $80,000  
• Trade School: $110,000  
• Some College: $92,000  
• Associate Degree: $100,000  
• Bachelor's Degree: $109,000  
• Master's Degree: $114,250  
• Professional PhD: N/A 

Average Salary by Budget 

• Less than $1 million: $85,983  
• $1 million to less than $5 million: $110,912  
• $5 million to less than $10 million: $110,891  
• $10 million to less than $20 million: $112,222  
• $20 million to less than $30 million: $129,667  
• $30 million to less than $40 million: $164,800  
• $40 million to less than $50 million: $232,791  
• $50 million or more: $128,286     

Median Salary by Budget 

• Less than $1 million: $80,000  
• $1 million to less than $5 million: $105,000  
• $5 million to less than $10 million: $101,000  
• $10 million to less than $20 million: $108,000  
• $20 million to less than $30 million: $120,000  
• $30 million to less than $40 million: $164,800  
• $40 million to less than $50 million: $232,791  
• $50 million or more: $100,001 

Average Salary by Geography 

• Northeast: $117,780  
• Southeast: $95,840  
• Midwest: $108,939  
• South Central: $96,999  
• Northwest: $79,000  
• Southwest: $110,293 

Median Salary by Geography 

• Northeast: $109,250  
• Southeast: $95,840  
• Midwest: $101,000  
• South Central: $95,000  
• Northwest: $74,000  
• Southwest: $108,000 

Average Salary by Market 

• Commercial - Corporate Office: $112,842  
• Commercial - Leased Space: $105,897  
• K-12 School: N/A 
• College/University: $78,000  
• Church/Religious: $47,500  
• Government – Federal: $100,000  
• Government – State: $100,096  
• Government – Local: $107,600  
• Hospitality: $145,000  
• Non-Profit Organization: $85,000  
• Industrial: $86,625  
• Healthcare/Medical: $97,000  
• Retail: $106,600 

Median Salary by Market 

• Commercial - Corporate Office: $100,000  
• Commercial - Leased Space: $100,000  
• K-12 School: N/A 
• College/University: $78,000  
• Church/Religious: $47,500  
• Government – Federal: $108,500  
• Government – State: $100,096  
• Government – Local: $100,001  
• Hospitality: $145,000  
• Non-Profit Organization: $85,000  
• Industrial: $92,500  
• Healthcare/Medical: $103,500  
• Retail: $100,000 

Average Salary by Square Footage 

• Less than 100,000 square feet: $93,565  
• 100,000 to less than 250,000 square feet: $94,706  
• 250,000 to less than 500,000 square feet: $92,284  
• 500,000 to less than 1 million square feet: $111,973  
• 1 million to less than 2 million square feet: $120,380  
• 2 million to less than 3 million square feet: $138,327  
• 3 million to less than 5 million square feet: $118,000  
• 5 million or more square feet: $115,000 

Median Salary by Square Footage 

• Less than 100,000 square feet: $95,000  
• 100,000 to less than 250,000 square feet: $95,000  
• 250,000 to less than 500,000 square feet: $95,000  
• 500,000 to less than 1 million square feet: $108,000  
• 1 million to less than 2 million square feet: $108,000  
• 2 million to less than 3 million square feet: $129,600  
• 3 million to less than 5 million square feet: $114,000  
• 5 million or more square feet: $100,000 

Average Salary by Years of Experience 

• More than 30 years: $114,245  
• 26 to 30 years    : $113,760  
• 21 to 25 years    : $112,555  
• 16 to 20 years: $118,590  
• 11 to 15 years: $92,879  
• 6 to 10 years: $102,625  
• 5 years or fewer: $73,600 

Median Salary by Years of Experience 

• More than 30 years: $105,250  
• 26 to 30 years: $100,000  
• 21 to 25 years: $113,500  
• 16 to 20 years: $110,000  
• 11 to 15 years: $90,000  
• 6 to 10 years: $100,500  
• 5 years or fewer: $60,000   

Average Salary by Certification 

• Yes: $117,624  
• No: $98,488 

Median Salary by Certification 

• Yes: $112,500  
• No: $95,000 

Average Salary by Gender 

• Male: $115,459  
• Female: $101,531 

Median Salary by Gender 

• Male: $106,500  
• Female: $97,920   

---

---

---

Related Topics: