The average annual and hourly salaries for property, real estate managers in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of property, real estate managers amongst Michigan cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage||$27,900|
|25th Percentile Wage||$37,690|
|50th Percentile Wage||$57,360|
|75th Percentile Wage||$82,610|
|90th Percentile Wage||$120,890|
Table 1 shows the average annual salary for property, real estate managers in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $120,890. The median (50th percentile) annual salary is $57,360. The average annual salary for the bottom 10 percent is $27,900.
The table and chart below show the trend of the median salary of property, real estate managers from 2012 to 2017.
|Year||Median Salary||Yearly Growth||5-Year Growth|
Table 3 shows the median annual salary of property, real estate managers in some Michigan cities and metropolitan areas. We note that the median annual salary of property, real estate managers in state of Michigan ranges from $37,340 to $96,110. The highest paying area for property, real estate managers in Michigan is Jackson with a median annual salary of $96,110. The second highest paying city/area in Michigan State is Lansing-East Lansing (mean annual salary $61,070). The lowest paying area is Kalamazoo-Portage with a median annual salary of $37,340.
|Cities/Areas||Median Annual Salary|
|Lansing-East Lansing|| |
|Muskegon-Norton Shores|| |
|Ann Arbor|| |
|Grand Rapids-Wyoming|| |
|Niles-Benton Harbor|| |
|Upper Peninsula of Michigan nonmetropolitan area|| |
|Saginaw-Saginaw Township North|| |
|Bay City|| |
|South Bend-Mishawaka|| |
|Warren-Troy-Farmington Hills|| |
|Balance of Lower Peninsula of Michigan nonmetropolitan area|| |
|Holland-Grand Haven|| |
|Northwest Lower Peninsula of Michigan nonmetropolitan area|| |