Average Real Estate Administrator Salary in Nigeria for 2024

In this article, we will look at the average Real Estate Administrator salary for 2024 in Nigeria 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 Nigerian naira. To keep things simple, we are using the NGN currency code instead of the currency symbol โ‚ฆ.

How Much Does a Real Estate Administrator Make in Nigeria?

A Real Estate Administrator working in Nigeria will typically earn around 3,863,700 NGN per year, and this can range from the lowest average salary of about 2,003,200 NGN to the highest average salary of 5,902,400 NGN.

Average Annual Salary
3,863,700 NGN
Average Monthly Salary
321,975 NGN

Lowest Annual Salary
2,003,200 NGN
Lowest Monthly Salary
166,933 NGN

Highest Annual Salary
5,902,400 NGN
Highest Monthly Salary
491,866 NGN

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

Real Estate 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 Real Estate Administrator Salaries in Nigeria

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

Salary ranges

We already know that a Real Estate Administrator can earn between 2,003,200 NGN and 5,902,400 NGN on average in Nigeria. 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 Real Estate Administrator in Nigeria is 3,706,100 NGN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 3,706,100 NGN, and 50% of the population earn more than 3,706,100 NGN.

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 Real Estate Administrator salary in Nigeria, 25% of the population are earning less than 2,566,100 NGN while 75% of the population earn more than 2,566,100 NGN.

75% of the population earn less than 4,618,200 NGN, and 25% of the population earn more than 4,618,200 NGN.

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.

Real Estate Administrator Salary by Experience Level in Nigeria

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 real estate 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 Real Estate Administrator in Nigeria that has less than two years of experience can expect to earn somewhere in the region of 2,281,800 NGN.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Administrator salary would increase to 3,061,300 NGN.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Administrator, the average salary would be 3,970,700 NGN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 4,810,800 NGN.
  • 15 - 20 Years Experience. A Real Estate Administrator with 15 to 20 years of experience can earn an average of 5,267,700 NGN.
  • 20+ Years Experience. For a Real Estate Administrator with more than 20 years, the expected average salary increases to 5,531,100 NGN.

Average Salary by Experience Chart

0-2 Years
2,281,800 NGN
2-5 Years +34%
3,061,300 NGN
5-10 Years +30%
3,970,700 NGN
10-15 Years +21%
4,810,800 NGN
15-20 Years +9%
5,267,700 NGN
20+ Years +5%
5,531,100 NGN

Real Estate Administrator Salary by Education Level in Nigeria

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 Real Estate Administrator in Nigeria 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 Real Estate Administrator in Nigeria with a high school education can earn an average salary of 2,711,900 NGN.

  • Certificate or Diploma. A Real Estate Administrator in Nigeria with a certificate or diploma education can earn an average salary of 3,875,100 NGN.

  • Bachelor's Degree. A Real Estate Administrator in Nigeria with a bachelor's degree education can earn an average salary of 5,363,700 NGN.

Average Salary by Education Chart

High School
2,711,900 NGN
Certificate or Diploma +43%
3,875,100 NGN
Bachelor's Degree +38%
5,363,700 NGN

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 Nigeria is around 1,690,000 to 5,080,000 NGN 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.

Real Estate 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 Nigeria, a male real estate administrator will earn an average of 4,140,900 NGN, while a female real estate administrator will earn around 3,685,200 NGN.

This means that a male real estate administrator earns approximately 12% more than a female real estate administrator for performing the same job.

Average Salary by Gender Chart in Nigeria

Male
4,140,900 NGN
Female -12%
3,685,200 NGN

Real Estate Administrator Average Pay Raise in Nigeria

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 Real Estate Administrator in Nigeria is around 11% every 19 months.

The national average pay raise across all professions and industries in Nigeria is around 8% every 19 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 Real Estate Administrator in Nigeria can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Nigeria for 2024

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

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

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Real Estate Administrator Bonus and Incentive Rates in Nigeria

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 Real Estate Administrator is a low bonus based job, with 49% of employees reporting at least one bonus in the last 12 months.

51% 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
49%
No Bonus
51%

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

Public Sector
4,162,800 NGN
Private Sector -6%
3,934,900 NGN

Salaries for Jobs Similar to a Real Estate Administrator

In the table below, we have salary information for jobs that are similar to a Real Estate Administrator in Nigeria.

Job Title Category Salary
Acquisition Associate Real Estate 3,359,900 NGN
Assistant Leasing Manager Real Estate 4,369,800 NGN
Assistant Property Manager Real Estate 4,260,400 NGN
Brokerage Real Estate 3,444,200 NGN
Brokerage Clerk Real Estate 1,678,300 NGN
Commercial Leasing Manager Real Estate 6,826,100 NGN
Commercial Real Estate Manager Real Estate 6,911,700 NGN
Community Development Manager Real Estate 6,407,600 NGN
Compliance Specialist Real Estate 3,168,300 NGN
Development Coordinator Real Estate 3,359,900 NGN
Director of Real Estate Real Estate 7,680,400 NGN
Lease Administrator Real Estate 4,355,800 NGN
Leasing Agent Real Estate 3,564,300 NGN
Leasing Consultant Real Estate 4,019,900 NGN
Leasing Manager Real Estate 4,465,800 NGN
Lettings Assistant Real Estate 1,751,700 NGN
Portfolio Analyst Real Estate 5,914,900 NGN
Portfolio Manager Real Estate 7,763,600 NGN
Property Acquisition Agent Real Estate 2,941,000 NGN
Property and Claims Specialist Real Estate 4,249,700 NGN
Property Manager Real Estate 5,183,700 NGN
Property Operations Manager Real Estate 7,150,200 NGN
Property Tax Assistant Real Estate 3,323,300 NGN
Real Estate Agent Real Estate 3,529,600 NGN
Real Estate Analyst Real Estate 4,403,400 NGN
Real Estate Appraiser Real Estate 3,553,500 NGN
Real Estate Appraiser Real Estate 3,659,400 NGN
Real Estate Appraiser Real Estate 3,696,900 NGN
Real Estate Assistant Real Estate 3,406,900 NGN
Real Estate Association Manager Real Estate 4,799,700 NGN
Real Estate Broker Real Estate 3,192,300 NGN
Real Estate General Manager Real Estate 6,997,000 NGN
Real Estate Project Director Real Estate 6,457,900 NGN
Real Estate Project Manager Real Estate 5,747,700 NGN
Real Estate Sales Agent Real Estate 3,503,800 NGN
Real Estate Valuer Real Estate 3,444,200 NGN
Research Analyst Real Estate 3,071,100 NGN
Residential Advisor Real Estate 3,912,600 NGN
Residential Property Manager Real Estate 4,714,900 NGN
Shopping Center Manager Real Estate 6,934,900 NGN
Town Planner Real Estate 6,791,800 NGN

Salary Comparison by City

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

City Average Salary
Benin City 3,323,300 NGN
Ibadan 3,840,400 NGN
Kaduna 3,564,300 NGN
Kano 4,043,600 NGN
Lagos 3,889,500 NGN

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