Average Assistant Property Manager Salary in Latvia for 2024

In this article, we will look at the average Assistant Property Manager salary for 2024 in Latvia and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol €.

How Much Does an Assistant Property Manager Make in Latvia?

An Assistant Property Manager working in Latvia will typically earn around 19,220 EUR per year, and this can range from the lowest average salary of about 8,100 EUR to the highest average salary of 28,180 EUR.

These are average salaries for an Assistant Property Manager in Latvia and include benefits such as housing and transport. It's also possible for an Assistant Property Manager to earn more or less than the average salaries shown above.

Assistant Property Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Assistant Property Manager Salaries in Latvia

So we've looked at the average salaries an Assistant Property Manager will earn in Latvia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Property Manager can earn between 8,100 EUR and 28,180 EUR on average in Latvia. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Assistant Property Manager in Latvia is 16,340 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,340 EUR, and 50% of the population earn more than 16,340 EUR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Assistant Property Manager salary in Latvia, 25% of the population are earning less than 12,200 EUR while 75% of the population earn more than 12,200 EUR.

75% of the population earn less than 21,380 EUR, and 25% of the population earn more than 21,380 EUR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Assistant Property Manager Salary by Experience Level in Latvia

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average assistant property manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. An Assistant Property Manager in Latvia that has less than two years of experience can expect to earn somewhere in the region of 12,840 EUR.
• 2 - 5 Years Experience. With two to five years of experience the average Assistant Property Manager salary would increase to 13,960 EUR.
• 5 - 10 Years Experience. From five to ten years of experience as an Assistant Property Manager, the average salary would be 18,900 EUR.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 22,540 EUR.
• 15 - 20 Years Experience. An Assistant Property Manager with 15 to 20 years of experience can earn an average of 24,800 EUR.
• 20+ Years Experience. For an Assistant Property Manager with more than 20 years, the expected average salary increases to 27,040 EUR.

Average Salary by Experience Chart

Assistant Property Manager Salary by Education Level in Latvia

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Assistant Property Manager in Latvia based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. An Assistant Property Manager in Latvia with a high school education can earn an average salary of 13,960 EUR.

• Certificate or Diploma. An Assistant Property Manager in Latvia with a certificate or diploma education can earn an average salary of 19,360 EUR.

• Bachelor's Degree. An Assistant Property Manager in Latvia with a bachelor's degree education can earn an average salary of 25,660 EUR.

Average Salary by Education Chart

Assistant Property Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Latvia, a male assistant property manager will earn an average of 20,300 EUR, while a female assistant property manager will earn around 15,920 EUR.

This means that a male assistant property manager earns approximately 28% more than a female assistant property manager for performing the same job.

Average Salary by Gender Chart in Latvia

Assistant Property Manager Average Pay Raise in Latvia

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Assistant Property Manager in Latvia is around 11% every 19 months.

The national average pay raise across all professions and industries in Latvia is around 8% every 18 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 19 ) × 12  = 7%

What this means is that an Assistant Property Manager in Latvia can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Latvia for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Latvia.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Assistant Property Manager Bonus and Incentive Rates in Latvia

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Assistant Property Manager is a high bonus based job, with 76% of employees reporting at least one bonus in the last 12 months.

24% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Latvia earn approximately 29% more than private sector employees in the same role.

Salaries for Jobs Similar to an Assistant Property Manager

In the table below, we have salary information for jobs that are similar to an Assistant Property Manager in Latvia.

Salary Comparison by City

If you want to compare salaries with different cities in Latvia, you can use the links below to explore the data for each specific city we have researched.

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