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Updated July 11, 2022

Average Product Manager Salary

$113,913 yearly
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$54.77 hourly

Entry level Salary
$84,000 yearly
$84,000
10 %
$113,913
Median
$153,000
90 %

How much does a Product Manager make?

Product managers make $113,913 per year on average, or $54.77 per hour, in the United States. Product managers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $84,000 a year, while the top 10% makes $153,000.

Location impacts how much a product manager can expect to make. Product managers make the most in California, Washington, Oregon, Rhode Island, and New York.

Highest Paying States For Product Managers

The darker areas on the map show where product managers earn the highest salaries across all 50 states.

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Average Salary:

Product Manager average salary by State

Rank  State  Avg. Salary  Hourly Rate  Job Count  
1Washington$111,441$53.582,404
2California$117,654$56.569,070
3Oregon$107,790$51.821,056
4Rhode Island$106,281$51.10290
5New York$105,943$50.932,899
6Arizona$97,882$47.06941
7Pennsylvania$95,727$46.021,837
8New Jersey$101,226$48.671,527
9Massachusetts$98,216$47.222,058
10Connecticut$98,997$47.59563
11Michigan$94,363$45.37952
12Nevada$94,349$45.36279
13Virginia$96,521$46.401,574
14New Hampshire$92,685$44.56308
15Wisconsin$91,175$43.83881
16Texas$92,615$44.533,171
17District of Columbia$96,245$46.27389
18Ohio$90,033$43.291,240
19Minnesota$92,031$44.25927
20Arkansas$89,143$42.86351
21Illinois$90,824$43.672,315
22North Carolina$89,578$43.071,202
23Utah$87,273$41.96803
24Delaware$92,160$44.31175
25New Mexico$90,537$43.53218
26Maryland$94,324$45.35868
27North Dakota$87,866$42.24107
28Indiana$88,290$42.45735
29Vermont$87,774$42.20171
30Idaho$88,748$42.67246
31Kansas$87,526$42.08370
32Tennessee$86,564$41.62630
33West Virginia$85,953$41.3293
34Montana$85,911$41.30185
35Colorado$85,552$41.131,075
36Maine$86,191$41.44152
37Georgia$85,158$40.941,659
38South Dakota$84,675$40.7199
39Kentucky$85,408$41.06367
40Oklahoma$85,829$41.26180
41Alaska$86,455$41.5686
42Iowa$83,598$40.19369
43Wyoming$83,266$40.0368
44Nebraska$82,983$39.90251
45Louisiana$83,282$40.04219
46Alabama$81,578$39.22282
47Mississippi$82,627$39.72109
48Florida$76,682$36.872,164
49Hawaii$81,454$39.1682
50Missouri$81,982$39.41550
51South Carolina$80,726$38.81398

Highest Paying Cities For Product Managers

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Rank  City  Avg. Salary  Hourly Rate  
1San Francisco, CA$124,851$60.02
2Seattle, WA$112,707$54.19
3Portland, OR$106,726$51.31
4New York, NY$106,031$50.98
5Jersey City, NJ$101,472$48.78
6Arlington, VA$98,551$47.38
7Waltham, MA$98,148$47.19
8Phoenix, AZ$97,995$47.11
9Washington, DC$96,329$46.31
10Philadelphia, PA$95,949$46.13
11Arlington, TX$93,182$44.80
12Minneapolis, MN$92,078$44.27
13Chicago, IL$91,120$43.81
14Raleigh, NC$90,180$43.36
15Columbus, OH$89,433$43.00

Here Are The Five Most In Demand Cities Right Now:

  1. San Francisco, CA
  2. Seattle, WA
  3. Portland, OR
  4. New York, NY
  5. Jersey City, NJ

Product Manager Salary Details

Product Manager Salary

What is a Product Manager's Salary?

Percentile  Annual Salary  Monthly Salary  Hourly Rate  
90th Percentile$153,000$12,750$74
75th Percentile$133,000$11,083$64
Average$113,913$9,493$55
25th Percentile$97,000$8,083$47
10th Percentile$84,000$7,000$40

Average Salary By Related Titles

Job Title  Annual Salary  Monthly Salary  Hourly Rate  Job Openings  
Vice President Product Development$177,305$14,775$85.24180,783
Director Of Product Development$152,613$12,718$73.37175,429
Manager, Strategy$121,610$10,134$58.47148,326
Vice President, Product Management$188,182$15,682$90.47185,361
Director, Product Marketing$162,258$13,522$78.01173,038
Category Manager$86,170$7,181$41.43108,424

Here are the five companies hiring the most now:

  1. Meta Jobs (843)
  2. Google Jobs (1,290)
  3. Microsoft Jobs (503)
  4. Intuit Jobs (194)
  5. Walmart Jobs (259)

Which Companies Pay Product Managers The Most?

The highest paying companies for product managers are Airbnb and Meta according to our most recent salary estimates. In addition, companies like Chegg and StubHub report highly competitive wages for product managers.
Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Airbnb$176,947$85.0711
2Meta$167,849$80.704360
3Chegg$167,548$80.555
4StubHub$160,276$77.06
5Google$157,669$75.80743
6Twitter$155,615$74.8131
7New Relic$154,372$74.22100
8BitGo$153,767$73.93
9Yelp$152,773$73.4526
10Juniper Networks$152,625$73.3810
11Lyft$151,241$72.719
12Pluralsight$151,091$72.641
13Scribd$149,974$72.106
14Boston Consulting Group$149,951$72.09130
15Evernote$149,793$72.02
16Reddit$148,986$71.631
17Snowflake Computing$148,719$71.5057
18Broadcom$148,576$71.4316
19McKinsey & Company Inc$148,545$71.42124
20Redfin$148,501$71.396

How Much Do Product Managers Make In Different Industries?

Here are some examples of how much a product manager salaries can based on different industries:

  1. The professional industry pays product managers an average salary of $135,557

  2. The finance industry pay $116,289

  3. The lowest paying industry for product managers is the technology industry. Product managers in this industry earn an average salary of $113,120

Highest Paying Industries For Product Managers

Rank  Industry  Average Salary  Hourly Rate  
1Professional$135,557$65.17
2Finance$116,289$55.91
3Manufacturing$115,463$55.51
4Retail$115,329$55.45
5Technology$113,120$54.38

High Paying Product Manager Jobs

Product Manager Salary Trends

The salary for a product manager can vary depending on the years of experience that a person has, from entry level to senior level. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Product Manager Salary By Experience Level

Experience Level  Avg. Salary  Hourly Rate  
Entry Level$84,600$40.66
Mid Level$90,300$43.42
Senior Level$205,000$98.78

Average Product Manager Salary Over Time

Compare salaries for individual cities or states with the national average.

    Product Manager Salary By Year

    Year  Avg. Salary  Hourly Rate  % Change  
    2022$114,000$54.77+3.7%
    2021$110,000$52.72+1.9%
    2020$108,000$51.73+1.5%
    2019$106,000$50.94+0.8%
    2018$105,000$50.53+1.9%

    Recently Added Product Manager Salaries

    Product Manager Salaries FAQs

    What state pays Product Managers the most?

    California pays Product Managers the most in the United States, with an average salary of $117,654 per year, or $56.56 per hour.

    How do I know if I'm being paid fairly as a Product Manager?

    You know if you are being paid fairly as a Product Manager if your pay is close to the average pay for the state you live in. For example, if you live in Washington you should be paid close to $111,441 per year.

    What type of Product Manager gets paid the most?

    Vice President, Product Management gets paid the most. Vice President, Product Management made a median salary of $188,182. The best-paid 10 percent make $214,000, while the lowest-paid 10 percent make $164,000.

    What is a good starting salary for a Product Manager?

    A good starting salary for a product manager is $84,000 in the United States. That puts you in the 10th percentile of annual income for a product manager in the U.S., which is about what you would expect if you were new to the field. The average salary for product managers is $113,913, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a product manager can vary by state.

    Do product managers get paid well?

    Yes, product managers get paid well. The average annual base salary of a product manager is approximately $95,000. There are a number of factors that impact the salary of a product manager, including where and who they work for.

    How much does a Google product manager make?

    A Google product manager makes an average salary of $170,000 per year. While this is an average, the salary of a Google project manager can range from $40,000 to $300,000 per year.

    In addition to their base salary, Google product managers receive annual bonuses of approximately $30,000 to $40,000 a year. Between their base salary and bonuses, Google product managers make over $80,000 more than the average product managers in the United States.

    How much does an entry-level product manager make?

    An entry-level product manager makes between $50,000 and $70,000 per year. There are several factors that impact the salary of an entry-level project manager. These factors range from education to location.

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