Average Leasing Agent Salary in Monaco for 2024

In this article, we will look at the average Leasing Agent salary for 2024 in Monaco 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 Leasing Agent Make in Monaco?

A Leasing Agent working in Monaco will typically earn around 43,340 EUR per year, and this can range from the lowest average salary of about 22,540 EUR to the highest average salary of 66,120 EUR.

Average Annual Salary
43,340 EUR
Average Monthly Salary
3,611 EUR

Lowest Annual Salary
22,540 EUR
Lowest Monthly Salary
1,878 EUR

Highest Annual Salary
66,120 EUR
Highest Monthly Salary
5,510 EUR

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

Leasing Agent 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 Leasing Agent Salaries in Monaco

So we've looked at the average salaries a Leasing Agent will earn in Monaco. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Leasing Agent can earn between 22,540 EUR and 66,120 EUR on average in Monaco. 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 Leasing Agent in Monaco is 44,800 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 44,800 EUR, and 50% of the population earn more than 44,800 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 Leasing Agent salary in Monaco, 25% of the population are earning less than 29,320 EUR while 75% of the population earn more than 29,320 EUR.

75% of the population earn less than 52,880 EUR, and 25% of the population earn more than 52,880 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.

Leasing Agent Salary by Experience Level in Monaco

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 leasing agent 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 Leasing Agent in Monaco that has less than two years of experience can expect to earn somewhere in the region of 23,700 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Leasing Agent salary would increase to 32,900 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Leasing Agent, the average salary would be 47,180 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 56,140 EUR.
  • 15 - 20 Years Experience. A Leasing Agent with 15 to 20 years of experience can earn an average of 58,440 EUR.
  • 20+ Years Experience. For a Leasing Agent with more than 20 years, the expected average salary increases to 66,820 EUR.

Average Salary by Experience Chart

0-2 Years
23,700 EUR
2-5 Years +31%
32,900 EUR
5-10 Years +40%
47,180 EUR
10-15 Years +20%
56,140 EUR
15-20 Years +9%
58,440 EUR
20+ Years +8%
66,820 EUR

Leasing Agent Salary by Education Level in Monaco

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 Leasing Agent in Monaco 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 Leasing Agent in Monaco with a high school education can earn an average salary of 28,900 EUR.

  • Certificate or Diploma. A Leasing Agent in Monaco with a certificate or diploma education can earn an average salary of 44,180 EUR.

  • Bachelor's Degree. A Leasing Agent in Monaco with a bachelor's degree education can earn an average salary of 65,760 EUR.

Average Salary by Education Chart

High School
28,900 EUR
Certificate or Diploma +47%
44,180 EUR
Bachelor's Degree +53%
65,760 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 Monaco is around 21,200 to 63,600 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.

Leasing Agent 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 Monaco, a male leasing agent will earn an average of 46,040 EUR, while a female leasing agent will earn around 42,320 EUR.

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

Average Salary by Gender Chart in Monaco

Male
46,040 EUR
Female -9%
42,320 EUR

Leasing Agent Average Pay Raise in Monaco

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 Leasing Agent in Monaco is around 7% every 28 months.

The national average pay raise across all professions and industries in Monaco is around 5% every 28 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 ÷ 28 ) × 12  = 3%

What this means is that a Leasing Agent in Monaco can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Monaco for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Leasing Agent Bonus and Incentive Rates in Monaco

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 Leasing Agent is a low bonus based job, with 11% of employees reporting at least one bonus in the last 12 months.

89% 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 1% to 3%.

Received Bonus
11%
No Bonus
89%

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 Monaco earn approximately 6% more than private sector employees in the same role.

Public Sector
52,880 EUR
Private Sector -6%
49,820 EUR

Salaries for Jobs Similar to a Leasing Agent

In the table below, we have salary information for jobs that are similar to a Leasing Agent in Monaco.

Job Title Category Salary
Acquisition Associate Real Estate 38,780 EUR
Assistant Leasing Manager Real Estate 52,820 EUR
Assistant Property Manager Real Estate 56,460 EUR
Brokerage Real Estate 41,900 EUR
Brokerage Clerk Real Estate 25,680 EUR
Commercial Leasing Manager Real Estate 85,080 EUR
Commercial Real Estate Manager Real Estate 93,660 EUR
Community Development Manager Real Estate 78,160 EUR
Compliance Specialist Real Estate 43,260 EUR
Development Coordinator Real Estate 38,780 EUR
Director of Real Estate Real Estate 90,900 EUR
Lease Administrator Real Estate 52,540 EUR
Leasing Consultant Real Estate 51,340 EUR
Leasing Manager Real Estate 54,560 EUR
Lettings Assistant Real Estate 22,540 EUR
Portfolio Analyst Real Estate 68,580 EUR
Portfolio Manager Real Estate 95,420 EUR
Property Acquisition Agent Real Estate 39,560 EUR
Property and Claims Specialist Real Estate 49,560 EUR
Property Manager Real Estate 59,660 EUR
Property Operations Manager Real Estate 82,520 EUR
Property Tax Assistant Real Estate 44,140 EUR
Real Estate Administrator Real Estate 47,540 EUR
Real Estate Agent Real Estate 44,540 EUR
Real Estate Analyst Real Estate 56,460 EUR
Real Estate Appraiser Real Estate 44,780 EUR
Real Estate Appraiser Real Estate 46,280 EUR
Real Estate Appraiser Real Estate 48,200 EUR
Real Estate Assistant Real Estate 41,980 EUR
Real Estate Association Manager Real Estate 56,140 EUR
Real Estate Broker Real Estate 43,340 EUR
Real Estate General Manager Real Estate 85,080 EUR
Real Estate Project Director Real Estate 83,200 EUR
Real Estate Project Manager Real Estate 76,440 EUR
Real Estate Sales Agent Real Estate 46,280 EUR
Real Estate Valuer Real Estate 48,740 EUR
Research Analyst Real Estate 42,460 EUR
Residential Advisor Real Estate 53,380 EUR
Residential Property Manager Real Estate 60,840 EUR
Shopping Center Manager Real Estate 92,900 EUR
Town Planner Real Estate 90,900 EUR

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