Average Lease Administrator Salary in Latvia for 2024

In this article, we will look at the average Lease Administrator 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 โ‚ฌ.

How Much Does a Lease Administrator Make in Latvia?

A Lease Administrator working in Latvia will typically earn around 15,300 EUR per year, and this can range from the lowest average salary of about 9,360 EUR to the highest average salary of 27,380 EUR.

Average Annual Salary
15,300 EUR
Average Monthly Salary
1,275 EUR

Lowest Annual Salary
9,360 EUR
Lowest Monthly Salary
780 EUR

Highest Annual Salary
27,380 EUR
Highest Monthly Salary
2,281 EUR

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

Lease Administrator 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 Lease Administrator Salaries in Latvia

So we've looked at the average salaries a Lease Administrator will earn in Latvia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Lease Administrator can earn between 9,360 EUR and 27,380 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 a Lease Administrator in Latvia is 16,880 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 16,880 EUR, and 50% of the population earn more than 16,880 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 Lease Administrator salary in Latvia, 25% of the population are earning less than 12,760 EUR while 75% of the population earn more than 12,760 EUR.

75% of the population earn less than 21,540 EUR, and 25% of the population earn more than 21,540 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.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Lease Administrator 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 lease administrator 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. A Lease Administrator in Latvia that has less than two years of experience can expect to earn somewhere in the region of 9,460 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Lease Administrator salary would increase to 14,620 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Lease Administrator, the average salary would be 18,780 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 21,380 EUR.
  • 15 - 20 Years Experience. A Lease Administrator with 15 to 20 years of experience can earn an average of 22,420 EUR.
  • 20+ Years Experience. For a Lease Administrator with more than 20 years, the expected average salary increases to 22,400 EUR.

Average Salary by Experience Chart

0-2 Years
9,460 EUR
2-5 Years +34%
14,620 EUR
5-10 Years +30%
18,780 EUR
10-15 Years +21%
21,380 EUR
15-20 Years +9%
22,420 EUR
20+ Years +5%
22,400 EUR

Lease Administrator 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 a Lease Administrator 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. A Lease Administrator in Latvia with a high school education can earn an average salary of 13,660 EUR.

  • Certificate or Diploma. A Lease Administrator in Latvia with a certificate or diploma education can earn an average salary of 15,300 EUR.

  • Bachelor's Degree. A Lease Administrator in Latvia with a bachelor's degree education can earn an average salary of 24,280 EUR.

Average Salary by Education Chart

High School
13,660 EUR
Certificate or Diploma +43%
15,300 EUR
Bachelor's Degree +38%
24,280 EUR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Latvia is around 6,510 to 19,500 EUR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Lease Administrator 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 lease administrator will earn an average of 18,780 EUR, while a female lease administrator will earn around 17,620 EUR.

This means that a male lease administrator earns approximately 7% more than a female lease administrator for performing the same job.

Average Salary by Gender Chart in Latvia

Male
18,780 EUR
Female -7%
17,620 EUR

Lease Administrator 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 a Lease Administrator 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 a Lease Administrator 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.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Lease Administrator 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.

A Lease Administrator is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% 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 3% to 5%.

Received Bonus
51%
No Bonus
49%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

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.

Public Sector
16,880 EUR
Private Sector -29%
13,100 EUR

Salaries for Jobs Similar to a Lease Administrator

In the table below, we have salary information for jobs that are similar to a Lease Administrator in Latvia.

Job Title Category Salary
Acquisition Associate Real Estate 13,700 EUR
Assistant Leasing Manager Real Estate 18,780 EUR
Assistant Property Manager Real Estate 19,220 EUR
Brokerage Real Estate 13,960 EUR
Brokerage Clerk Real Estate 8,440 EUR
Commercial Leasing Manager Real Estate 29,840 EUR
Commercial Real Estate Manager Real Estate 26,100 EUR
Community Development Manager Real Estate 24,800 EUR
Compliance Specialist Real Estate 11,360 EUR
Development Coordinator Real Estate 13,900 EUR
Director of Real Estate Real Estate 32,020 EUR
Leasing Agent Real Estate 12,580 EUR
Leasing Consultant Real Estate 15,380 EUR
Leasing Manager Real Estate 18,780 EUR
Lettings Assistant Real Estate 6,080 EUR
Portfolio Analyst Real Estate 21,300 EUR
Portfolio Manager Real Estate 31,180 EUR
Property Acquisition Agent Real Estate 10,980 EUR
Property and Claims Specialist Real Estate 14,820 EUR
Property Manager Real Estate 20,520 EUR
Property Operations Manager Real Estate 26,280 EUR
Property Tax Assistant Real Estate 13,780 EUR
Real Estate Administrator Real Estate 15,880 EUR
Real Estate Agent Real Estate 13,960 EUR
Real Estate Analyst Real Estate 16,140 EUR
Real Estate Appraiser Real Estate 12,580 EUR
Real Estate Appraiser Real Estate 14,920 EUR
Real Estate Appraiser Real Estate 15,880 EUR
Real Estate Assistant Real Estate 13,780 EUR
Real Estate Association Manager Real Estate 17,740 EUR
Real Estate Broker Real Estate 11,360 EUR
Real Estate General Manager Real Estate 28,180 EUR
Real Estate Project Director Real Estate 26,660 EUR
Real Estate Project Manager Real Estate 23,080 EUR
Real Estate Sales Agent Real Estate 14,840 EUR
Real Estate Valuer Real Estate 12,240 EUR
Research Analyst Real Estate 12,200 EUR
Residential Advisor Real Estate 15,760 EUR
Residential Property Manager Real Estate 19,480 EUR
Shopping Center Manager Real Estate 32,020 EUR
Town Planner Real Estate 30,800 EUR

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.

City Average Salary
Riga 17,740 EUR

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