How Much Do Real Estate Managers Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States and Industries

Property and Real Estate Managers

Property and Real Estate Managers plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).

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Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$73210 per year
Hourly wage
$35 per hour

Starting salary

Entry-level annual salary
$31,330 to $42,330 per year
Entry-level hourly wage
$15 to $20 per hour

Entry-level Property, Real Estate and Community Association Managers with little to no experience can expect to make anywhere between $31,330 to $42,330 per year or $15 to $20 per hour. Similar to any other job, their salary will increase as they gain experience.

Salary rank

Salary rank

We wanted to make it easy for our readers to compare the salary of Property, Real Estate and Community Association Managers to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.

Salary range

Level Hourly Annual
Highest (Top 10%) $65 $134,570
Senior (Top 25%) $42 $86,320
Middle (Mid 50%) $29 $59,660
Junior (Bottom 25%) $20 $42,330
No experience (Bottom 10%) $15 $31,330

Highest paying states

State Hourly Annual
NY $56 $115,670
NJ $46 $95,440
CO $46 $94,730
WA $45 $93,520
VA $45 $93,020
RI $44 $92,180
PA $44 $91,800
MA $44 $90,470
DC $43 $90,210
PR $43 $89,790

Another simple way to increase your salary as a Property, Real Estate and Community Association Manager is to move to a higher paying state. However moving to a higher paying state like NY doesn’t guarantee that you will make more because the expenses at NY might be much higher than where you are currently living at right now.

According to BLS, the highest paid Real Estate Managers are in the states of NY, NJ, CO, WA and VA.

Highest paying industries

Salary by industry Annual Hourly
Architectural, Engineering, and Related Services $130500 $62.74
Natural Gas Distribution $129070 $62.05
Oil and Gas Extraction $127960 $61.52
Scientific Research and Development Services $121590 $58.46
Pipeline Transportation of Natural Gas $120960 $58.15
General Medical and Surgical Hospitals $119730 $57.56
Rail Transportation $111960 $53.83
Management of Companies and Enterprises $110710 $53.23
Credit Intermediation and Related Activities $109450 $52.62
Electric Power Generation, Transmission and Distribution $107770 $51.81
Federal Executive Branch $106620 $51.26
Navigational, Measuring, Electromedical, and Control Instruments Manufacturing $105490 $50.72
Legal Services $105260 $50.60
Nondepository Credit Intermediation $102230 $49.15
Land Subdivision $100990 $48.55
Residential Building Construction $99040 $47.62
Other Professional, Scientific, and Technical Services $97720 $46.98
Nonresidential Building Construction $97620 $46.93
Computer Systems Design and Related Services $97370 $46.81
Accounting, Tax Preparation, Bookkeeping, and Payroll Services $96030 $46.17
Rental and Leasing Services $94970 $45.66
Colleges, Universities, and Professional Schools $94680 $45.52
Offices of Physicians $93640 $45.02
Business Support Services $92730 $44.58
Warehousing and Storage $89270 $42.92
Elementary and Secondary Schools $88910 $42.74
Professional and Commercial Equipment and Supplies Merchant Wholesalers $87040 $41.84
Grantmaking and Giving Services $83630 $40.20
Management, Scientific, and Technical Consulting Services $83530 $40.16
Facilities Support Services $82640 $39.73

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