Residential Property Managers — Average Employee Salary
The average employee in the residential property managers industry earns $61,602 per year ($29.62/hour), according to Bureau of Labor Statistics QCEW data.
What Do Residential Property Managers Workers Earn?
At $61,602/year (equivalent to $29.62/hour for a full-time worker), residential property managers wages are near the national average of ~$65,000.
The typical residential property managers business employs 7 people. These are mid-sized operations where payroll is a significant but manageable expense.
Wages as a Percentage of Revenue
For the average residential property managers business generating $2.6M/year with 7 employees at $61,602 each, total payroll represents roughly 16.6% of revenue. Labor costs are relatively low compared to revenue — other costs (materials, equipment, overhead) dominate.
What This Means for Business Owners
If you're starting or running a residential property managersbusiness, here's what the wage data means for your bottom line:
- Per-employee cost: Budget approximately $80,083/year per employee (salary + ~30% for benefits, taxes, and insurance).
- Typical team size: 7 employees = ~$431,214/year in base payroll.
- Hourly equivalent: $29.62/hour base — factor this into pricing and project estimates.
- Revenue needed: With average revenue of $2.6M/business, you need strong utilization rates to maintain healthy margins after payroll.
See how these wages compare to total revenue and profit margins.
View full Residential Property Managers revenue benchmarks →Frequently Asked Questions
- How much do residential property managers employees make?
- The average residential property managers employee earns $61,602 per year, which is equivalent to $29.62/hour for a full-time worker (2,080 hours/year). This is below the national average of approximately $65,000.
- How many people work in the residential property managers industry?
- The residential property managers industry employs 526,208 workers across 74,909 establishments in the United States. The average business in this industry has approximately 7 employees.
Source: Bureau of Labor Statistics, Quarterly Census of Employment and Wages (QCEW 2023).