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Residential Property Manager Average Salary in Bulgaria 2022

How much money does a Residential Property Manager make in Bulgaria?


Average Monthly Salary
4,130 BGN
( 49,500 BGN yearly)

LOW
1,900
BGN
AVERAGE
4,130
BGN
HIGH
6,560
BGN

A person working as a Residential Property Manager in Bulgaria typically earns around 4,130 BGN per month. Salaries range from 1,900 BGN (lowest) to 6,560 BGN (highest).

This is the average monthly salary including housing, transport, and other benefits. Residential Property Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Residential Property Manager Salary Distribution in Bulgaria

Median and salary distribution monthly Bulgaria Residential Property Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Residential Property Manager salaries in Bulgaria range from 1,900 BGN per month (minimum salary) to 6,560 BGN per month (maximum salary).

  • Median Salary

    The median salary is 4,460 BGN per month, which means that half (50%) of people working as Residential Property Manager(s) are earning less than 4,460 BGN while the other half are earning more than 4,460 BGN. 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 2,860 BGN while 75% of them are earning more than 2,860 BGN. Also from the diagram, 75% of Residential Property Manager(s) are earning less than 5,950 BGN while 25% are earning more than 5,950 BGN.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Residential Property Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Bulgaria Residential Property Manager
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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 2,160 BGN per month.

While someone with an experience level between two and five years is expected to earn 2,880 BGN per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 4,260 BGN per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Residential Property Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,190 BGN per month, 22% 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 5,650 BGN per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 6,120 BGN per month, 8% more than people with fifteen to twenty years of experience.


Residential Property Manager average salary change by experience in Bulgaria

0 - 2 Years
2,160 BGN
2 - 5 Years+34%
2,880 BGN
5 - 10 Years+48%
4,260 BGN
10 - 15 Years+22%
5,190 BGN
15 - 20 Years+9%
5,650 BGN
20+ Years+8%
6,120 BGN
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Bulgaria Residential Property Manager
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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 2,650 BGN per month.

While someone with a Certificate or Diploma gets a salary of 3,110 BGN per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 4,510 BGN per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 5,910 BGN per month, 31% more than someone with Bachelor's Degree.


Residential Property Manager average salary difference by education level in Bulgaria

High School
2,650 BGN
Certificate or Diploma+18%
3,110 BGN
Bachelor's Degree+45%
4,510 BGN
Master's Degree+31%
5,910 BGN
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Bulgaria costs anywhere from 16,500 Bulgarian Lev(s) to 49,500 Bulgarian Lev(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Residential Property Manager Salary Comparison By Gender

Salary comparison by gender monthly Bulgaria Residential Property Manager
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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 Bulgaria earn 9% more than their female counterparts on average.

Male
4,300 BGN
Female-8%
3,960 BGN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bulgaria for all Careers

Salary comparison by gender monthly Bulgaria
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Residential Property Manager Average Annual Salary Increment Percentage in Bulgaria

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

Residential Property Manager

Residential Property Manager(s) in Bulgaria are likely to observe a salary increase of approximately 10% every 21 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Bulgaria Residential Property Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Bulgaria / 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

The average salary increase in one year (12 months) in Bulgaria is 4%.

Annual Increment Rate By Industry 2021

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Bulgaria for the year 2021. 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

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Residential Property Manager Bonus and Incentive Rates in Bulgaria

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bulgaria Residential Property Manager
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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.

43% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 57% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
57%
No Bonus
43%

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?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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 Bulgaria


24 BGN per hour

The average hourly wage (pay per hour) in Bulgaria is 24 BGN. This means that the average Residential Property Manager in Bulgaria earns approximately 24 BGN for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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

Salary Comparison Between Residential Property Manager and Real Estate monthly Bulgaria
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The average salary for Residential Property Manager is 10% more than that of Real Estate. Also, Real Estate salaries are 13% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acquisition Associate2,730 BGN-34%
Assistant Leasing Manager3,730 BGN-10%
Assistant Property Manager3,820 BGN-7%
Brokerage2,660 BGN-36%
Commercial Leasing Manager5,690 BGN+38%
Commercial Real Estate Manager6,210 BGN+50%
Community Development Manager5,080 BGN+23%
Compliance Specialist2,700 BGN-35%
Development Coordinator2,800 BGN-32%
Lease Administrator3,460 BGN-16%
Leasing Agent3,050 BGN-26%
Leasing Consultant3,260 BGN-21%
Leasing Manager3,920 BGN-5%
Lettings Assistant1,460 BGN-65%
Portfolio Analyst 4,930 BGN+19%
Portfolio Manager6,310 BGN+53%
Property Acquisition Agent2,450 BGN-41%
Property and Claims Specialist3,450 BGN-16%
Property Manager4,320 BGN+5%
Property Operations Manager5,820 BGN+41%
Property Tax Assistant2,910 BGN-30%
Real Estate Administrator3,060 BGN-26%
Real Estate Agent3,010 BGN-27%
Real Estate Analyst3,670 BGN-11%
Real Estate Appraiser2,970 BGN-28%
Real Estate Assistant2,770 BGN-33%
Real Estate Association Manager3,710 BGN-10%
Real Estate Broker2,660 BGN-36%
Real Estate General Manager5,830 BGN+41%
Real Estate Project Manager4,790 BGN+16%
Real Estate Sales Agent2,920 BGN-29%
Real Estate Valuer2,940 BGN-29%
Research Analyst2,620 BGN-37%
Residential Advisor3,260 BGN-21%
Residential Property Manager4,130 BGN+0%
Shopping Center Manager6,230 BGN+51%
Town Planner5,810 BGN+41%

Salary Comparison By City

CityAverage Salary
Burgas4,050 BGN
Plovdiv4,350 BGN
Rousse3,790 BGN
Sofia4,280 BGN
Stara Zagora3,830 BGN
Varna4,000 BGN

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 Bulgaria earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
3,130 BGN
Public Sector+9%
3,420 BGN
Percentage increase and decrease are relative to the previous value

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