Assistant Property Manager Salary Guide

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Average Assistant Property Manager Salary

Everybody has to start somewhere. For many property managers that means first taking an assistant property manager position. Consequently, it is important to explore how assistant property managers get paid. Based on over 8,950 anonymous salary reports on Glassdoor, the average assistant property manager salary in the United States is $46,831. While that number is meaningful, it does not tell the whole story. As a result, we will explore how industry and bonus impact assistant property manager salaries.




Assistant Property Manager Salary Ranges

While $46,831 is the average, the range of salaries varies greatly across industries. According to data from IREM, assistant property manager salaries can range anywhere from $35,000 to $70,000. Retail pays the highest, followed by office properties, with residential properties paying the least. Consequently, assistant property manager salaries can be higher than average property manager salaries across industries. Here’s a breakdown of ranges by property type:

  • Office/Industrial Properties – $52,600 to $65,100
  • Residential Properties – $35,500 to $46,500
  • Retail Properties – $53,900 to $70,500

 

Assistant Property Manager Bonuses

While residential properties have the lowest average salaries, they do have the highest bonuses by percentage. Here’s a breakdown of the average assistant property manager bonus by industry:

  • Office/Industrial Properties – 7.7%
  • Residential Properties – 12.6%
  • Retail Properties – 9.7%

Most noteworthy is that all assistant property managers receive sizable bonuses as a percentage of base salary. As a result, assistant retail property managers continue to be the most well compensated.




Assistant Property Manager Salaries by Market

While property type plays a huge role in determining an assistant property manager’s salary, location is another major factor to consider. Below is a list of the average assistant property manager salary in the 25 largest U.S. metropolitan areas. Due to the high cost of living, the highest salaries can be found in New York City and the major cities in California.

  1. New York, NY – $56,914
  2. Los Angeles, CA – $52,065
  3. Chicago, IL – $49,293
  4. Dallas, TX – $39,026
  5. Houston, TX – $41,802
  6. Washington, DC – $48,896
  7. Miami, FL – $48,145
  8. Philadelphia, PA – $40,514
  9. Atlanta, GA – $46,311
  10. Boston, MA – $55,031
  11. Phoenix, AZ – $44,632
  12. San Francisco, CA – $57,845
  13. Riverside, CA – $39,012
  14. Detroit, MI – $40,945
  15. Seattle, WA – $47,971
  16. Minneapolis, MN – $46,432
  17. San Diego, CA – $50,540
  18. Tampa, FL – $43,200
  19. Denver, CO – $44,796
  20. Baltimore, MD – $51,004
  21. St. Louis, MO – $42,382
  22. Charlotte, NC – $42,939
  23. Orlando, FL – $43,032
  24. San Antonio, TX – $45,043
  25. Portland, OR – $45,120

Somewhat surprisingly, San Francisco, which ranks 10th in overall size, is home to the highest average assistant property manager salary in the country. If you work as a property manager and are looking to relocate, you might want to avoid the Lone Star state. All 3 major cities in Texas fall in the bottom half of the list with Houston and Dallas both in the bottom 5 nationally for average assistant property manager salaries.

Not making the average? Here are a few ways apartment managers can ask for a raise.

 

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Data and information for this post were taken from the Institute of Real Estate Management, Glassdoor, Indeed, and PayScale.

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