These Are The 10 States With The Highest Property Manager Salaries For 2017

Chris Kolmar
by Chris Kolmar
Rankings, Salaries - 10 months ago
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Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do property managers get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for property managers by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

To better understand how salaries change across America, we decided to take a look the most recent data from the Bureau of Labor Statistics on average pay for property managers by state.

Additionally, we wanted to adjust the salary based on the cost of living in a state — because your salary goes further in North Carolina than it does in California.

The state with the best salary for property managers after this adjustment? That would be Property, Real Estate, And Community Association Managers.

Here’s a quick snapshot of the top ten states for salaries:

  1. Texas
  2. Georgia
  3. Oklahoma
  4. Virginia
  5. Colorado
  6. Alabama
  7. Pennsylvania
  8. North Carolina
  9. Washington
  10. Rhode Island

Let’s take a look at how we got here and a full ranking of all the states.

If you’re interested, you can read more about the job scene here:

How we determined pay by state

As we mentioned earlier, we took the average annual salary data for property managers from the 2016 Bureau of Labor Statistics — specifically their ‘Occupational Employment Statistics.’

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state.

We then created an index by dividing the average wage for a state by the cost of living relative to average. As an example, the cost of living index in California is 135.9 and the average pay is $75720, so our index value would be:

$75,720 * (100 / 135.9) = $55,717

We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for property managers.

Here’s a look at the full ranking for all states.

For more reading, check out:

Detailed List Of Property Manager Salaries By State

Rank State Adjusted Salary Average Wage Cost Of Living
1 Texas $96,008 $87,080 90.7
2 Georgia $92,954 $84,960 91.4
3 Oklahoma $91,513 $81,630 89.2
4 Virginia $86,716 $87,410 100.8
5 Colorado $85,780 $89,040 103.8
6 Alabama $83,892 $76,510 91.2
7 Pennsylvania $81,499 $82,640 101.4
8 North Carolina $79,030 $74,210 93.9
9 Washington $78,992 $83,100 105.2
10 Rhode Island $77,431 $93,460 120.7
11 Michigan $71,078 $63,260 89.0
12 New Hampshire $70,880 $82,930 117.0
13 Illinois $68,245 $64,560 94.6
14 Ohio $68,027 $63,810 93.8
15 Maryland $67,003 $84,090 125.5
16 Massachusetts $66,739 $89,030 133.4
17 Delaware $66,351 $67,280 101.4
18 Nebraska $66,069 $60,520 91.6
19 Minnesota $65,188 $65,710 100.8
20 Kansas $64,338 $57,840 89.9
21 New Jersey $64,257 $78,330 121.9
22 Wyoming $64,215 $58,950 91.8
23 West Virginia $63,725 $59,520 93.4
24 South Carolina $62,530 $62,030 99.2
25 Wisconsin $62,283 $60,290 96.8
26 Connecticut $61,965 $79,130 127.7
27 Arizona $61,581 $60,350 98.0
28 North Dakota $61,116 $60,750 99.4
29 Vermont $60,569 $73,350 121.1
30 Tennessee $59,821 $53,480 89.4
31 Florida $59,633 $58,620 98.3
32 Kentucky $59,138 $53,520 90.5
33 Indiana $58,413 $52,280 89.5
34 Oregon $57,975 $67,020 115.6
35 Iowa $56,340 $51,270 91.0
36 California $55,717 $75,720 135.9
37 Nevada $55,479 $57,310 103.3
38 Utah $53,731 $49,970 93.0
39 New Mexico $53,512 $51,640 96.5
40 Alaska $53,302 $69,880 131.1
41 Missouri $52,765 $47,700 90.4
42 Maine $50,658 $56,130 110.8
43 Montana $49,990 $50,390 100.8
44 Arkansas $49,115 $42,780 87.1
45 Mississippi $46,728 $40,140 85.9
46 Louisiana $44,672 $42,350 94.8
47 Idaho $38,545 $35,500 92.1
48 Hawaii $36,605 $61,460 167.9
49 South Dakota $35,486 $36,800 103.7