Research Summary. Using a combination of public government and company data as well as data gathered from thousands of job postings, the Zippia data team has created average salary estimates for jobs across the US. Using that data set, the team has identified the types of property managers that are the highest paid based on their average annual salaries.
Here is a summary of our findings for the highest-paying types of property managers:
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Assistant Site Manager is the highest-paid type of property manager with an average salary of $112,509 and an average hourly rate of $54.09.
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The second highest-paying type of property manager is acquisitions manager, with an average salary of $97,768.
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The average property manager salary is $49,958 per year, and the average hourly pay is $24.02.
Table Of Contents: Background | Table | Methodology | FAQs
Background
Choosing a career path can be difficult, and while pay shouldn’t be the only thing you consider in your decision, it is a significant factor. So if you’d like to work as a property manager, it helps to have an idea of what the highest-paid types of property managers are so that you can plan your career progression.
Here are the top salaries for different types of property managers:
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Assistant Site Manager
Average Salary: $112,509
An assistant site manager works in construction areas where their role is to assist site managers in overseeing construction operations, ensuring procedures adhere to deadlines and budgets. Their responsibilities often include maintaining employee records, arranging schedules, coordinating with managers and engineers, relaying instructions to workers, conducting inspections, liaising with suppliers, and purchasing materials according to standards and project requirements. Moreover, an assistant site manager must maintain an active communication line with site managers, providing them with regular reports for an efficient workflow.
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Acquisitions Manager
Average Salary: $97,768
An acquisitions manager is someone who oversees the merger and acquisition activities of the company he or she works for. The acquisitions manager’s tasks include finalizing purchasing deals, inspecting possible property acquisitions, and reviewing inventory management reports. The essential skills that he or she should possess include the ability to deal effectively with people and good interpersonal, negotiation, and organizational skills. The education requirements to qualify for the job include a bachelor’s degree in business, finance, management, or a related field.
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Director Of Property Management
Average Salary: $97,349
A director of property management oversees and directs the property management programs and projects of an organization. They take the lead in identifying and meeting the needs of different facilities, researching client and business opportunities, gathering and analyzing data from annual and monthly reports, coordinating with suppliers and contractors, and making significant decisions. They also participate in managing tenants, overseeing marketing procedures, and solving issues when any arise. Moreover, a director of property management sets goals, establishes timelines and guidelines, empowers employees, and implements company standards and policies.
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Real Estate Manager
Average Salary: $86,874
A Real Estate Manager manages the financial aspects of a property. They collect rent and prepare and maintain financial statements. Real Estate Managers also inform owners about occupancy rates, expiration dates of leases, and other issues.
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Communications Manager
Average Salary: $81,304
A communications manager is responsible for overseeing a company or organization’s public relations by devising various strategies and finding new opportunities. They must craft and produce marketing materials such as campaigns, advertisements, newsletters, social media engagements, and press releases to shape and improve a brand or company. Furthermore, a communications manager must accomplish administrative tasks such as preparing reports and necessary documentation, reaching out to advertisers, leading communication letters, and coordinating with marketing personnel from other departments.
Below is a full table of the average pay for various property manager that pay the most followed by a more detailed explanation of our methodology.
Highest-Paying Types Of Property Managers
Methodology
Zippia uses publicly published information from government sources such as the Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC), and the Office of Personnel Management (OPM) to create its salary estimates.
Our data science team also checks job postings and company-published resources for additional up-to-date salary information for property managers.
Once they’ve gathered the data, the team calculates a weighted average for each job title they’re estimating a salary for. For more details on our salary estimates, you can read the detailed methodology.
Highest-Paying Types Of Property Manager Jobs FAQs
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What is the highest-paid property manager job?
The highest-paid property manager job is an assistant site manager. Assistant Site Managers earn an average salary of $112,509, which is $ 54.09 hourly.
An assistant site manager works in construction areas where their role is to assist site managers in overseeing construction operations, ensuring procedures adhere to deadlines and budgets. Their responsibilities often include maintaining employee records, arranging schedules, coordinating with managers and engineers, relaying instructions to workers, conducting inspections, liaising with suppliers, and purchasing materials according to standards and project requirements. Moreover, an assistant site manager must maintain an active communication line with site managers, providing them with regular reports for an efficient workflow.
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What is a good salary for a property manager?
A good salary for a property manager is $49,958 or more. The average property manager salary is $49,958, so those making at least $49,958 are earning above-average paychecks.
Keep in mind, however, that the average property manager salary does fluctuate based on location, as companies will adjust their pay scales based on the cost of living in that area. Research what the average salary is in your area for someone of your expertise and experience level to get a more accurate view on how well you’re being paid.
In addition, if you’re just starting your career as a property manager, the average entry level salary is $0, so don’t base your opinion of your salary on the $49,958 average, as this includes all property managers of all skill and experience levels.
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Do Property Manager jobs pay well?
Yes, property manager jobs pay well. As in any industry, some property manager jobs pay better than others, but the average property manager salary of $49,958 is times the average national salary of about $44,225 per year.
In addition to this, many property manager jobs have high earning potential, with the top 10% of property managers earning $0 a year on average.
Property Managers’ salaries will fluctuate based on their experience level, industry, and location, so pay attention to these factors when you’re looking for a job as a property manager. Do your research on the going rate for a property manager in your area with your expertise, and don’t be afraid to negotiate your salary based on that information.
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Where do property managers get paid the most?
Property Managers get paid the most in New York. In New York, property managers earn an average annual salary of $60,389 and an average hourly wage of $29.03.
Following NY, the states with the highest-paid property managers are New Jersey, Connecticut, and Washington, with average annual salaries of $61,181, $60,205, and $55,876 respectively.
The cities with the highest-paid property manager salaries are:
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New York, NY – $60,617
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San Francisco, CA – $58,760
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Vancouver, WA – $57,217
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Author
Chris Kolmar is a co-founder of Zippia and the editor-in-chief of the Zippia career advice blog. He has hired over 50 people in his career, been hired five times, and wants to help you land your next job. His research has been featured on the New York Times, Thrillist, VOX, The Atlantic, and a host of local news. More recently, he's been quoted on USA Today, BusinessInsider, and CNBC.
