Average Lease Administrator Salary in Trinidad and Tobago for 2024

In this article, we will look at the average Lease Administrator salary for 2024 in Trinidad and Tobago 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 Trinidad and Tobago dollar. To keep things simple, we are using the TTD currency code instead of the currency symbol $.

How Much Does a Lease Administrator Make in Trinidad and Tobago?

A Lease Administrator working in Trinidad and Tobago will typically earn around 125,100 TTD per year, and this can range from the lowest average salary of about 57,900 TTD to the highest average salary of 195,200 TTD.

Average Annual Salary
125,100 TTD
Average Monthly Salary
10,425 TTD

Lowest Annual Salary
57,900 TTD
Lowest Monthly Salary
4,825 TTD

Highest Annual Salary
195,200 TTD
Highest Monthly Salary
16,266 TTD

These are average salaries for a Lease Administrator in Trinidad and Tobago 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 Trinidad and Tobago

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

Salary ranges

We already know that a Lease Administrator can earn between 57,900 TTD and 195,200 TTD on average in Trinidad and Tobago. 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 Trinidad and Tobago is 136,100 TTD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 136,100 TTD, and 50% of the population earn more than 136,100 TTD.

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 Trinidad and Tobago, 25% of the population are earning less than 86,520 TTD while 75% of the population earn more than 86,520 TTD.

75% of the population earn less than 180,300 TTD, and 25% of the population earn more than 180,300 TTD.

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 Trinidad and Tobago

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 Trinidad and Tobago that has less than two years of experience can expect to earn somewhere in the region of 63,400 TTD.
  • 2 - 5 Years Experience. With two to five years of experience the average Lease Administrator salary would increase to 87,520 TTD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Lease Administrator, the average salary would be 125,700 TTD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 157,600 TTD.
  • 15 - 20 Years Experience. A Lease Administrator with 15 to 20 years of experience can earn an average of 172,200 TTD.
  • 20+ Years Experience. For a Lease Administrator with more than 20 years, the expected average salary increases to 183,700 TTD.

Average Salary by Experience Chart

0-2 Years
63,400 TTD
2-5 Years +34%
87,520 TTD
5-10 Years +48%
125,700 TTD
10-15 Years +22%
157,600 TTD
15-20 Years +9%
172,200 TTD
20+ Years +8%
183,700 TTD

Lease Administrator Salary by Education Level in Trinidad and Tobago

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 Trinidad and Tobago 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 Trinidad and Tobago with a high school education can earn an average salary of 73,100 TTD.

  • Certificate or Diploma. A Lease Administrator in Trinidad and Tobago with a certificate or diploma education can earn an average salary of 117,520 TTD.

  • Bachelor's Degree. A Lease Administrator in Trinidad and Tobago with a bachelor's degree education can earn an average salary of 194,600 TTD.

Average Salary by Education Chart

High School
73,100 TTD
Certificate or Diploma +57%
117,520 TTD
Bachelor's Degree +68%
194,600 TTD

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 Trinidad and Tobago is around 48,800 to 147,000 TTD 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 Trinidad and Tobago, a male lease administrator will earn an average of 128,500 TTD, while a female lease administrator will earn around 118,200 TTD.

This means that a male lease administrator earns approximately 9% more than a female lease administrator for performing the same job.

Average Salary by Gender Chart in Trinidad and Tobago

Male
128,500 TTD
Female -9%
118,200 TTD

Lease Administrator Average Pay Raise in Trinidad and Tobago

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 Trinidad and Tobago is around 7% every 30 months.

The national average pay raise across all professions and industries in Trinidad and Tobago is around 4% every 29 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 = ( 7 ÷ 30 ) × 12  = 3%

What this means is that a Lease Administrator in Trinidad and Tobago can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Trinidad and Tobago for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Lease Administrator Bonus and Incentive Rates in Trinidad and Tobago

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 low bonus based job, with 41% of employees reporting at least one bonus in the last 12 months.

59% 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 2% to 7%.

Received Bonus
41%
No Bonus
59%

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 Trinidad and Tobago earn approximately 12% more than private sector employees in the same role.

Public Sector
125,700 TTD
Private Sector -12%
112,460 TTD

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 Trinidad and Tobago.

Job Title Category Salary
Acquisition Associate Real Estate 96,560 TTD
Assistant Leasing Manager Real Estate 124,400 TTD
Assistant Property Manager Real Estate 139,100 TTD
Brokerage Real Estate 96,960 TTD
Brokerage Clerk Real Estate 55,140 TTD
Commercial Leasing Manager Real Estate 201,100 TTD
Commercial Real Estate Manager Real Estate 216,800 TTD
Community Development Manager Real Estate 191,600 TTD
Compliance Specialist Real Estate 103,200 TTD
Development Coordinator Real Estate 93,340 TTD
Director of Real Estate Real Estate 214,000 TTD
Leasing Agent Real Estate 106,820 TTD
Leasing Consultant Real Estate 117,860 TTD
Leasing Manager Real Estate 138,800 TTD
Lettings Assistant Real Estate 49,820 TTD
Portfolio Analyst Real Estate 176,800 TTD
Portfolio Manager Real Estate 221,500 TTD
Property Acquisition Agent Real Estate 86,520 TTD
Property and Claims Specialist Real Estate 120,040 TTD
Property Manager Real Estate 154,700 TTD
Property Operations Manager Real Estate 200,000 TTD
Property Tax Assistant Real Estate 98,120 TTD
Real Estate Administrator Real Estate 107,900 TTD
Real Estate Agent Real Estate 105,940 TTD
Real Estate Analyst Real Estate 128,500 TTD
Real Estate Appraiser Real Estate 104,920 TTD
Real Estate Appraiser Real Estate 111,240 TTD
Real Estate Appraiser Real Estate 112,760 TTD
Real Estate Assistant Real Estate 96,680 TTD
Real Estate Association Manager Real Estate 134,600 TTD
Real Estate Broker Real Estate 101,120 TTD
Real Estate General Manager Real Estate 207,700 TTD
Real Estate Project Director Real Estate 189,300 TTD
Real Estate Project Manager Real Estate 180,300 TTD
Real Estate Sales Agent Real Estate 101,960 TTD
Real Estate Valuer Real Estate 106,500 TTD
Research Analyst Real Estate 93,100 TTD
Residential Advisor Real Estate 127,700 TTD
Residential Property Manager Real Estate 138,800 TTD
Shopping Center Manager Real Estate 209,500 TTD
Town Planner Real Estate 216,800 TTD

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