How Much Does a Property Manager Make? Salary by State
Median annual salary (U.S.)
$69,990
Property managers in the U.S. earn a median of $69,990 a year, or $33.65 an hour. Half of property managers earn more than $69,990 and half earn less. The top 10% make more than $139,680.
Pay percentiles for property managers
| Percentile | Hourly | Annual |
|---|---|---|
| 10th | $19.72 | $41,010 |
| 25th | $24.39 | $50,720 |
| 50th (median) | $33.65 | $69,990 |
| 75th | $47.07 | $97,910 |
| 90th | $67.16 | $139,680 |
U.S. wages, May 2025. BLS occupation: Property, Real Estate, and Community Association Managers (SOC 11-9141). Source: BLS Occupational Employment and Wage Statistics (OEWS)
Highest-paying states for property managers
| State | Median annual | Median hourly | vs. U.S. |
|---|---|---|---|
| Washington | $119,320 | $57.37 | +70% |
| Massachusetts | $103,410 | $49.72 | +48% |
| Colorado | $100,080 | $48.12 | +43% |
| New York | $99,390 | $47.79 | +42% |
| District of Columbia | $94,080 | $45.23 | +34% |
| New Jersey | $82,850 | $39.83 | +18% |
| Maryland | $81,900 | $39.38 | +17% |
| Rhode Island | $80,260 | $38.59 | +15% |
| Virginia | $79,810 | $38.37 | +14% |
| Oregon | $78,060 | $37.53 | +12% |
| United States | $69,990 | $33.65 | — |
Top 10 states by median annual wage, May 2025. Source: BLS Occupational Employment and Wage Statistics (OEWS)
How many property managers are there?
BLS counts about 311,180 property managers employed in the U.S. (May 2025, excluding the self-employed). These figures cover the BLS occupation “Property, Real Estate, and Community Association Managers”. The most jobs are in California (50,040), Texas (45,350) and Florida (30,160).
The mean (average) annual wage is $83,710, higher than the median of $69,990.
Hourly to annual pay calculator
Per year
- Monthly
- $5,833
- Biweekly
- $2,692
- Weekly
- $1,346
- Daily (8 hours)
- $269
- Hours per year
- 2,080
BLS annual figure; hourly × 2,080 may differ slightly.
Frequently asked questions
How much do property managers make an hour?
The median hourly wage for property managers is $33.65. The middle 50% earn between $24.39 and $47.07 an hour.
Which state pays property managers the most?
Washington has the highest median wage for property managers at $119,320, +70% vs. the U.S. median.
What is the starting salary for property managers?
BLS does not report pay by experience, but the lowest-paid 10% of property managers earn less than $41,010 a year, a common proxy for entry-level pay.