How much does a property manager make?
Answer: A typical property manager in the United States makes $69,990 a year (median, May 2025, US Bureau of Labor Statistics).
Line up 100 people; this is the one in the middle (median). about 311,000 people work in this job. Well above the US-wide typical pay ($50,980).
If 100 people had this job
Lowest at bottom-left, highest at top-rightHover over a person to see their yearly pay
Property manager pay in the United States (May 2025, median and spread)
| Lower earner (10th from bottom) | Typical person (median) | Higher earner (10th from top) | People in this job |
|---|---|---|---|
| $41,010 | $69,990 | $139,680 | about 311,000 |
| State | Typical person (median) | People in this job |
|---|---|---|
| Washington | $119,320 | about 3,000 |
| Massachusetts | $103,410 | about 7,000 |
| Colorado | $100,080 | about 2,000 |
| New York | $99,390 | about 11,000 |
| District of Columbia | $94,080 | about 2,000 |
Why does pay differ?
In the US, pay varies with experience, location, employer type, and the size or kind of property managed; BLS reports different pay across industries and local areas. State licenses and extra credentials can affect which jobs a person qualifies for, and some jobs include evening meetings or emergency calls.
What if you lived in a different state?
Pay varies a lot by state in the USTop 5 and bottom 3 states, typical (median) yearly pay.
What does a property manager do?
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).
What's a typical day like?
They inspect buildings and grounds, answer residents’ repair requests, and show empty units to people looking to rent. They arrange repair crews, track rent and bills, and prepare budgets or reports.
How to get this job
Finish high school, then gain related experience, often as an assistant manager; college may help in commercial work. In the US, check state rules: some require a property or real-estate license; courses and exams can lead to credentials.
Usually a bachelor's degree (preparation level 4 of 5)
Good for people who like leading and selling and keeping things organized.
Did you know?
Surprise: Some U.S. property managers are required to live at the very properties they manage.
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Management jobs that pay a bit moreSources and data
Source: US Bureau of Labor Statistics, OEWS May 2025 (bls.gov); descriptions and related jobs from O*NET 31.0. Figures as of May 2025, full-time yearly pay (hourly × 2,080 hours). bls.gov/oes · O*NET OnLine
Pages used for the text
- www.bls.gov/ooh/management/property-real-estate-and-community-association-manage
- www.onetonline.org/link/summary/11-9141.00
- www.bls.gov/oes/
- www.careeronestop.org/Toolkit/Training/find-licenses.aspx
Data: US BLS OEWS, May 2025 · 1 USD = 150 JPY