Property manager earnings by seniority

Approximate values based on highest and lowest earning segments.

Property manager salary by state

State Name Average Salary
New York $112,580
Georgia $89,520
Virginia $79,640
Rhode Island $87,210
Colorado $75,970
Oklahoma $75,370
New Jersey $80,690
Washington $78,210
Massachusetts $78,830
Iowa $72,012
Illinois $64,276
District of Columbia $68,770
Alaska $70,240
Pennsylvania $67,970
Texas $62,300
California $61,150
Maryland $63,780
Virgin Islands $62,720
Hawaii $63,543
Connecticut $62,650
Michigan $57,900
North Carolina $54,630
Minnesota $58,470
New Hampshire $60,220
South Carolina $47,660
Vermont $58,120
Delaware $56,800
Oregon $52,770
Wisconsin $58,110
West Virginia $45,790
Ohio $51,740
Florida $52,980
Alabama $55,370
Kansas $52,040
Wyoming $48,790
Kentucky $46,765
Tennessee $48,560
New Mexico $48,510
Indiana $49,999
Maine $53,610
Missouri $44,140
Nevada $48,080
Nebraska $44,670
Arizona $46,774
North Dakota $43,870
Louisiana $39,450
Montana $40,220
Utah $41,340
Guam $37,220
Arkansas $39,696
Idaho $36,633
Mississippi $37,400
South Dakota $36,630

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 consultants but more than account managers.

Career Median Salary
Consultant salary $64K
Farm manager salary $68K
Mail superintendent salary $76K
Logistician salary $70K
Property manager salary $58K
Range manager salary $61K
Project manager salary $55K
Music business manager salary $32K
Customer success manager salary $46K
Account manager salary $47K

Source: CareerExplorer (Aggregated)