Property manager earnings by seniority

Approximate values based on highest and lowest earning segments.

Property manager salary by state

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

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)