Residential Property Manager Average Salary in United States 2023

How much money does a Residential Property Manager make in United States?

Average Yearly Salary

117,000 USD

( 9,750 USD monthly)

LOW
57,400
USD AVERAGE
117,000
USD HIGH
183,000
USD

Residential Property Manager Salary Distribution in United States

The median, the maximum, the minimum, and the range

• Salary Range

  Residential Property Manager salaries in United States range from 57,400 USD per year (minimum salary) to 183,000 USD per year (maximum salary).

• Median Salary

  The median salary is 119,000 USD per year, which means that half (50%) of people working as Residential Property Manager(s) are earning less than 119,000 USD while the other half are earning more than 119,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

• Percentiles

  Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Residential Property Manager(s) are earning less than 79,500 USD while 75% of them are earning more than 79,500 USD. Also from the diagram, 75% of Residential Property Manager(s) are earning less than 154,000 USD while 25% are earning more than 154,000 USD.

Residential Property Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Residential Property Manager salaries by experience level and this is what we found.

A Residential Property Manager with less than two years of experience makes approximately 68,000 USD per year.

While someone with an experience level between two and five years is expected to earn 87,400 USD per year, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 121,000 USD per year, 38% more than someone with two to five years of experience.

Additionally, Residential Property Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 149,000 USD per year, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 160,000 USD per year, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 171,000 USD per year, 7% more than people with fifteen to twenty years of experience.

Residential Property Manager average salary change by experience in United States

Typical Salary Progress for Most Careers

Residential Property Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Residential Property Manager(s) who have the same experience but different education levels.

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Residential Property Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Residential Property Manager is 84,900 USD per year.

While someone with a Certificate or Diploma gets a salary of 97,400 USD per year, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 131,000 USD per year, 35% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 165,000 USD per year, 26% more than someone with Bachelor's Degree.

Residential Property Manager average salary difference by education level in United States

Typical Salary Difference by Education for Most Careers

Residential Property Manager Salary Comparison By Gender

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Residential Property Manager employees in United States earn 5% more than their female counterparts on average.

Salary Comparison By Gender in United States for all Careers

Residential Property Manager Average Annual Salary Increment Percentage in United States

How much are annual salary increments in United States for Residential Property Manager(s)? How often do employees get salary raises?

Residential Property Manager

Residential Property Manager(s) in United States are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

United States / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

Annual Increment Rate By Industry 2022

Listed above are the average annual increase rates for each industry in United States for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

Residential Property Manager Bonus and Incentive Rates in United States

How much and how often are bonuses being awarded?

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A Residential Property Manager is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus		58%
No Bonus		42%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Residential Property Manager Average Hourly Wage in United States

56 USD per hour

The average hourly wage (pay per hour) in United States is 56 USD. This means that the average Residential Property Manager in United States earns approximately 56 USD for every worked hour.

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Residential Property Manager VS Other Jobs

The average salary for Residential Property Manager is 9% more than that of Real Estate. Also, Real Estate salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Acquisition Associate	77,300 USD	-34%
Assistant Leasing Manager	107,000 USD	-9%
Assistant Property Manager	101,000 USD	-14%
Brokerage	79,000 USD	-33%
Commercial Leasing Manager	168,000 USD	+44%
Commercial Real Estate Manager	165,000 USD	+41%
Community Development Manager	149,000 USD	+27%
Compliance Specialist	78,800 USD	-33%
Development Coordinator	81,300 USD	-31%
Lease Administrator	105,000 USD	-10%
Leasing Agent	82,700 USD	-29%
Leasing Consultant	94,400 USD	-19%
Leasing Manager	113,000 USD	-3%
Lettings Assistant	40,200 USD	-66%
Portfolio Analyst	136,000 USD	+16%
Portfolio Manager	192,000 USD	+64%
Property Acquisition Agent	73,000 USD	-38%
Property and Claims Specialist	103,000 USD	-12%
Property Manager	119,000 USD	+2%
Property Operations Manager	166,000 USD	+42%
Property Tax Assistant	78,100 USD	-33%
Real Estate Administrator	93,200 USD	-20%
Real Estate Agent	86,400 USD	-26%
Real Estate Analyst	104,000 USD	-11%
Real Estate Appraiser	85,400 USD	-27%
Real Estate Assistant	77,900 USD	-33%
Real Estate Association Manager	110,000 USD	-6%
Real Estate Broker	75,900 USD	-35%
Real Estate General Manager	163,000 USD	+39%
Real Estate Project Manager	137,000 USD	+17%
Real Estate Sales Agent	86,200 USD	-26%
Real Estate Valuer	82,300 USD	-30%
Research Analyst	76,200 USD	-35%
Residential Advisor	93,100 USD	-20%
Residential Property Manager	117,000 USD	-0%
Shopping Center Manager	174,000 USD	+49%
Town Planner	162,000 USD	+38%

Salary Comparison By City

Salary Comparison By State

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in United States earn 5% more than their private sector counterparts on average across all sectors.