Property Manager Earnings

Median annual earnings of salaried property, real estate, and community association managers were $39,980 in May 2004. The middle 50 percent earned between $27,190 and $59,360 a year. The lowest 10 percent earned less than $18,510, and the highest 10 percent earned more than $89,840 a year. Median annual earnings of salaried property, real estate, and community association managers in the largest industries that employed them in 2004 were as follows:

Local government	$51,980
Offices of real estate agents and brokers	40,000
Activities related to real estate	38,370
Lessors of real estate	34,300

Many resident apartment managers and onsite association managers receive the use of an apartment as part of their compensation package. Managers often are reimbursed for the use of their personal vehicles, and managers employed in land development often receive a small percentage of ownership in the projects that they develop.

Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2006-07 Edition