Property managers oversee the operations and management of real estate, from residential to commercial spaces, and sometimes even land.
But some locations are more profitable for property managers than others.
With significant discrepancies in pay, compensation for property managers is largely based on location, and the data differs largely by state.
These are the top five states where property managers make the most.
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5. New Jersey
The average annual salary for property managers in New Jersey is $91,200.
The median home value in New Jersey is $342,527, according to Zillow. New Jersey home values have gone up 2.2% over the past year, and the median price of homes currently listed in New Jersey is $340,000. The median rent price in New Jersey is $2,000.
4. Washington
The average annual salary for property managers in Washington is $92,480.
The median home value in Washington is $428,896, according to Zillow. Washington home values have gone up 6.6% over the past year, and the median price of homes currently listed in Washington is $415,000. The median rent price in Washington is $1,995.
3. Virginia
The average annual salary for property managers in Virginia is $95,080.
The median home value in Virginia is $291,002, according to Zillow. Virginia home values have gone up 3.6% over the past year, and the median price of homes currently listed in the state is $300,000. The median rent price in Virginia is $1,650.
2. Rhode Island
The average annual salary for property managers in Rhode Island is $96,730.
The median home value in Rhode Island is $308,658, according to Zillow. Rhode Island home values have gone up 4.1% over the past year, and the median price of homes currently listed in Rhode Island is $315,000. The median rent price in Rhode Island is $2,200.
1. New York
The average annual salary for property managers in New York is $109,600.
The median home value in New York state is $328,677, according to Zillow, and home values have gone up 2.3% over the past year. The median price of homes currently listed in New York is $429,000. The median rent price in New York is $3,200. The median home value in New York City is $652,307.