The average salary for a property manager in Illinois is around $64,276 per year.
Property managers earn an average yearly salary of $64,276.
Wages typically start from $25,353 and go up to $162,953.
21% above national average Updated in 2018
Property manager earnings by seniority
Approximate values based on highest and lowest earning segments.
Property manager salary by state
|State Name||Average Salary|
|District of Columbia||$68,770|
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?
|Fundraising manager salary||$82K|
|Marketing manager salary||$80K|
|Purchasing manager salary||$83K|
|Investment fund manager salary||$80K|
|Property manager salary||$64K|
|Mail superintendent salary||$74K|
|Project manager salary||$54K|
|Account manager salary||$55K|
|Aquacultural manager salary||$60K|
Source: CareerExplorer (Aggregated)