Average Property Manager Salary in Kenya for 2024

In this article, we will look at the average Property Manager salary for 2024 in Kenya 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 Kenyan shilling. To keep things simple, we are using the KES currency code instead of the currency symbol Sh.

How Much Does a Property Manager Make in Kenya?

A Property Manager working in Kenya will typically earn around 2,374,400 KES per year, and this can range from the lowest average salary of about 1,235,600 KES to the highest average salary of 3,635,200 KES.

Average Annual Salary
2,374,400 KES
Average Monthly Salary
197,866 KES

Lowest Annual Salary
1,235,600 KES
Lowest Monthly Salary
102,966 KES

Highest Annual Salary
3,635,200 KES
Highest Monthly Salary
302,933 KES

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

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 Property Manager Salaries in Kenya

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

Salary ranges

We already know that a Property Manager can earn between 1,235,600 KES and 3,635,200 KES on average in Kenya. 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 Property Manager in Kenya is 2,281,800 KES. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 2,281,800 KES, and 50% of the population earn more than 2,281,800 KES.

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 Property Manager salary in Kenya, 25% of the population are earning less than 1,583,700 KES while 75% of the population earn more than 1,583,700 KES.

75% of the population earn less than 2,844,200 KES, and 25% of the population earn more than 2,844,200 KES.

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.

Property Manager Salary by Experience Level in Kenya

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 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. A Property Manager in Kenya that has less than two years of experience can expect to earn somewhere in the region of 1,405,700 KES.
  • 2 - 5 Years Experience. With two to five years of experience the average Property Manager salary would increase to 1,882,700 KES.
  • 5 - 10 Years Experience. From five to ten years of experience as a Property Manager, the average salary would be 2,447,200 KES.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 2,964,800 KES.
  • 15 - 20 Years Experience. A Property Manager with 15 to 20 years of experience can earn an average of 3,239,400 KES.
  • 20+ Years Experience. For a Property Manager with more than 20 years, the expected average salary increases to 3,406,900 KES.

Average Salary by Experience Chart

0-2 Years
1,405,700 KES
2-5 Years +34%
1,882,700 KES
5-10 Years +30%
2,447,200 KES
10-15 Years +21%
2,964,800 KES
15-20 Years +9%
3,239,400 KES
20+ Years +5%
3,406,900 KES

Property Manager Salary by Education Level in Kenya

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 Property Manager in Kenya 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 Property Manager in Kenya with a high school education can earn an average salary of 1,693,600 KES.

  • Certificate or Diploma. A Property Manager in Kenya with a certificate or diploma education can earn an average salary of 1,930,500 KES.

  • Bachelor's Degree. A Property Manager in Kenya with a bachelor's degree education can earn an average salary of 2,724,700 KES.

  • Master's Degree. A Property Manager in Kenya with a master's degree education can earn an average salary of 3,299,800 KES.

Average Salary by Education Chart

High School
1,693,600 KES
Certificate or Diploma +14%
1,930,500 KES
Bachelor's Degree +41%
2,724,700 KES
Master's Degree +21%
3,299,800 KES

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 Kenya is around 734,000 to 2,200,000 KES 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.

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 Kenya, a male property manager will earn an average of 2,508,300 KES, while a female property manager will earn around 2,290,300 KES.

This means that a male property manager earns approximately 10% more than a female property manager for performing the same job.

Average Salary by Gender Chart in Kenya

Male
2,508,300 KES
Female -10%
2,290,300 KES

Property Manager Average Pay Raise in Kenya

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 Property Manager in Kenya is around 7% every 30 months.

The national average pay raise across all professions and industries in Kenya 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 Property Manager in Kenya can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Kenya for 2024

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

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%

Property Manager Bonus and Incentive Rates in Kenya

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 Property Manager is a low bonus based job, with 36% of employees reporting at least one bonus in the last 12 months.

64% 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
36%
No Bonus
64%

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 Kenya earn approximately 14% more than private sector employees in the same role.

Public Sector
1,908,800 KES
Private Sector -14%
1,678,300 KES

Salaries for Jobs Similar to a Property Manager

In the table below, we have salary information for jobs that are similar to a Property Manager in Kenya.

Job Title Category Salary
Acquisition Associate Real Estate 1,428,800 KES
Assistant Leasing Manager Real Estate 2,052,200 KES
Assistant Property Manager Real Estate 1,967,000 KES
Brokerage Real Estate 1,537,500 KES
Brokerage Clerk Real Estate 810,400 KES
Commercial Leasing Manager Real Estate 3,205,100 KES
Commercial Real Estate Manager Real Estate 3,421,600 KES
Community Development Manager Real Estate 2,734,500 KES
Compliance Specialist Real Estate 1,428,800 KES
Development Coordinator Real Estate 1,440,700 KES
Director of Real Estate Real Estate 3,529,600 KES
Lease Administrator Real Estate 1,908,800 KES
Leasing Agent Real Estate 1,621,400 KES
Leasing Consultant Real Estate 1,825,000 KES
Leasing Manager Real Estate 2,136,200 KES
Lettings Assistant Real Estate 748,600 KES
Portfolio Analyst Real Estate 2,711,900 KES
Portfolio Manager Real Estate 3,395,900 KES
Property Acquisition Agent Real Estate 1,405,700 KES
Property and Claims Specialist Real Estate 1,930,500 KES
Property Operations Manager Real Estate 3,288,400 KES
Property Tax Assistant Real Estate 1,594,500 KES
Real Estate Administrator Real Estate 1,678,300 KES
Real Estate Agent Real Estate 1,606,100 KES
Real Estate Analyst Real Estate 2,086,500 KES
Real Estate Appraiser Real Estate 1,560,800 KES
Real Estate Appraiser Real Estate 1,632,100 KES
Real Estate Appraiser Real Estate 1,655,500 KES
Real Estate Assistant Real Estate 1,537,500 KES
Real Estate Association Manager Real Estate 2,136,200 KES
Real Estate Broker Real Estate 1,537,500 KES
Real Estate General Manager Real Estate 3,253,900 KES
Real Estate Project Director Real Estate 3,085,500 KES
Real Estate Project Manager Real Estate 2,688,800 KES
Real Estate Sales Agent Real Estate 1,645,600 KES
Real Estate Valuer Real Estate 1,678,300 KES
Research Analyst Real Estate 1,428,800 KES
Residential Advisor Real Estate 1,882,700 KES
Residential Property Manager Real Estate 2,281,800 KES
Shopping Center Manager Real Estate 3,312,100 KES
Town Planner Real Estate 3,085,500 KES

Salary Comparison by City

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

City Average Salary
Kisumu 2,100,900 KES
Mombasa 2,254,400 KES
Nairobi 2,566,100 KES

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