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:
|Offices of real estate agents and brokers
|Activities related to real estate
|Lessors of real estate
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.