Average Property Manager Salary in Nicaragua for 2024

In this article, we will look at the average Property Manager salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does a Property Manager Make in Nicaragua?

A Property Manager working in Nicaragua will typically earn around 271,300 NIO per year, and this can range from the lowest average salary of about 138,800 NIO to the highest average salary of 413,900 NIO.

Average Annual Salary
271,300 NIO
Average Monthly Salary
22,608 NIO

Lowest Annual Salary
138,800 NIO
Lowest Monthly Salary
11,566 NIO

Highest Annual Salary
413,900 NIO
Highest Monthly Salary
34,491 NIO

These are average salaries for a Property Manager in Nicaragua 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 Nicaragua

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

Salary ranges

We already know that a Property Manager can earn between 138,800 NIO and 413,900 NIO on average in Nicaragua. 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 Nicaragua is 259,100 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 259,100 NIO, and 50% of the population earn more than 259,100 NIO.

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 Nicaragua, 25% of the population are earning less than 180,500 NIO while 75% of the population earn more than 180,500 NIO.

75% of the population earn less than 322,600 NIO, and 25% of the population earn more than 322,600 NIO.

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 Nicaragua

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 Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 159,400 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Property Manager salary would increase to 214,000 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as a Property Manager, the average salary would be 277,400 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 339,100 NIO.
  • 15 - 20 Years Experience. A Property Manager with 15 to 20 years of experience can earn an average of 367,200 NIO.
  • 20+ Years Experience. For a Property Manager with more than 20 years, the expected average salary increases to 386,400 NIO.

Average Salary by Experience Chart

0-2 Years
159,400 NIO
2-5 Years +34%
214,000 NIO
5-10 Years +30%
277,400 NIO
10-15 Years +21%
339,100 NIO
15-20 Years +9%
367,200 NIO
20+ Years +5%
386,400 NIO

Property Manager Salary by Education Level in Nicaragua

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 Nicaragua 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 Nicaragua with a high school education can earn an average salary of 192,600 NIO.

  • Certificate or Diploma. A Property Manager in Nicaragua with a certificate or diploma education can earn an average salary of 221,500 NIO.

  • Bachelor's Degree. A Property Manager in Nicaragua with a bachelor's degree education can earn an average salary of 308,300 NIO.

  • Master's Degree. A Property Manager in Nicaragua with a master's degree education can earn an average salary of 376,800 NIO.

Average Salary by Education Chart

High School
192,600 NIO
Certificate or Diploma +14%
221,500 NIO
Bachelor's Degree +41%
308,300 NIO
Master's Degree +21%
376,800 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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 Nicaragua, a male property manager will earn an average of 282,500 NIO, while a female property manager will earn around 261,300 NIO.

This means that a male property manager earns approximately 8% more than a female property manager for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
282,500 NIO
Female -8%
261,300 NIO

Property Manager Average Pay Raise in Nicaragua

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 Nicaragua is around 8% every 29 months.

The national average pay raise across all professions and industries in Nicaragua 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 = ( 8 ÷ 29 ) × 12  = 3%

What this means is that a Property Manager in Nicaragua can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Nicaragua for 2024

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

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 Nicaragua

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

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

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 Nicaragua.

Job Title Category Salary
Acquisition Associate Real Estate 175,900 NIO
Assistant Leasing Manager Real Estate 232,900 NIO
Assistant Property Manager Real Estate 252,300 NIO
Brokerage Real Estate 175,900 NIO
Brokerage Clerk Real Estate 95,620 NIO
Commercial Leasing Manager Real Estate 385,300 NIO
Commercial Real Estate Manager Real Estate 390,000 NIO
Community Development Manager Real Estate 361,500 NIO
Compliance Specialist Real Estate 175,900 NIO
Development Coordinator Real Estate 189,300 NIO
Director of Real Estate Real Estate 428,400 NIO
Lease Administrator Real Estate 228,500 NIO
Leasing Agent Real Estate 194,600 NIO
Leasing Consultant Real Estate 225,300 NIO
Leasing Manager Real Estate 251,500 NIO
Lettings Assistant Real Estate 95,420 NIO
Portfolio Analyst Real Estate 309,800 NIO
Portfolio Manager Real Estate 447,300 NIO
Property Acquisition Agent Real Estate 174,000 NIO
Property and Claims Specialist Real Estate 231,000 NIO
Property Operations Manager Real Estate 398,300 NIO
Property Tax Assistant Real Estate 180,500 NIO
Real Estate Administrator Real Estate 201,100 NIO
Real Estate Agent Real Estate 195,200 NIO
Real Estate Analyst Real Estate 258,400 NIO
Real Estate Appraiser Real Estate 194,600 NIO
Real Estate Appraiser Real Estate 201,100 NIO
Real Estate Appraiser Real Estate 209,500 NIO
Real Estate Assistant Real Estate 180,500 NIO
Real Estate Association Manager Real Estate 246,500 NIO
Real Estate Broker Real Estate 175,900 NIO
Real Estate General Manager Real Estate 384,500 NIO
Real Estate Project Director Real Estate 385,300 NIO
Real Estate Project Manager Real Estate 340,000 NIO
Real Estate Sales Agent Real Estate 197,600 NIO
Real Estate Valuer Real Estate 209,700 NIO
Research Analyst Real Estate 181,600 NIO
Residential Advisor Real Estate 217,900 NIO
Residential Property Manager Real Estate 263,200 NIO
Shopping Center Manager Real Estate 401,300 NIO
Town Planner Real Estate 394,800 NIO

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