Average Real Estate Appraiser Salary in Czech Republic for 2024

In this article, we will look at the average Real Estate Appraiser salary for 2024 in Czech Republic 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 Czech koruna. To keep things simple, we are using the CZK currency code instead of the currency symbol Kฤ.

How Much Does a Real Estate Appraiser Make in Czech Republic?

A Real Estate Appraiser working in Czech Republic will typically earn around 674,100 CZK per year, and this can range from the lowest average salary of about 308,300 CZK to the highest average salary of 1,070,600 CZK.

Average Annual Salary
674,100 CZK
Average Monthly Salary
56,175 CZK

Lowest Annual Salary
308,300 CZK
Lowest Monthly Salary
25,691 CZK

Highest Annual Salary
1,070,600 CZK
Highest Monthly Salary
89,216 CZK

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

Real Estate Appraiser 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 Appraiser Salaries in Czech Republic

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

Salary ranges

We already know that a Real Estate Appraiser can earn between 308,300 CZK and 1,070,600 CZK on average in Czech Republic. 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 Appraiser in Czech Republic is 725,700 CZK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 725,700 CZK, and 50% of the population earn more than 725,700 CZK.

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 Appraiser salary in Czech Republic, 25% of the population are earning less than 466,900 CZK while 75% of the population earn more than 466,900 CZK.

75% of the population earn less than 972,200 CZK, and 25% of the population earn more than 972,200 CZK.

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 Appraiser Salary by Experience Level in Czech Republic

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 appraiser 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 Appraiser in Czech Republic that has less than two years of experience can expect to earn somewhere in the region of 351,900 CZK.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Appraiser salary would increase to 467,700 CZK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Appraiser, the average salary would be 695,200 CZK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 846,500 CZK.
  • 15 - 20 Years Experience. A Real Estate Appraiser with 15 to 20 years of experience can earn an average of 922,900 CZK.
  • 20+ Years Experience. For a Real Estate Appraiser with more than 20 years, the expected average salary increases to 999,500 CZK.

Average Salary by Experience Chart

0-2 Years
351,900 CZK
2-5 Years +34%
467,700 CZK
5-10 Years +48%
695,200 CZK
10-15 Years +22%
846,500 CZK
15-20 Years +9%
922,900 CZK
20+ Years +8%
999,500 CZK

Real Estate Appraiser Salary by Education Level in Czech Republic

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 Appraiser in Czech Republic 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 Appraiser in Czech Republic with a high school education can earn an average salary of 399,900 CZK.

  • Certificate or Diploma. A Real Estate Appraiser in Czech Republic with a certificate or diploma education can earn an average salary of 627,900 CZK.

  • Bachelor's Degree. A Real Estate Appraiser in Czech Republic with a bachelor's degree education can earn an average salary of 1,054,900 CZK.

Average Salary by Education Chart

High School
399,900 CZK
Certificate or Diploma +57%
627,900 CZK
Bachelor's Degree +68%
1,054,900 CZK

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 Czech Republic is around 305,000 to 914,000 CZK 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 Appraiser 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 Czech Republic, a male real estate appraiser will earn an average of 696,700 CZK, while a female real estate appraiser will earn around 650,800 CZK.

This means that a male real estate appraiser earns approximately 7% more than a female real estate appraiser for performing the same job.

Average Salary by Gender Chart in Czech Republic

Male
696,700 CZK
Female -7%
650,800 CZK

Real Estate Appraiser Average Pay Raise in Czech Republic

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 Appraiser in Czech Republic is around 11% every 18 months.

The national average pay raise across all professions and industries in Czech Republic is around 8% every 18 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 ÷ 18 ) × 12  = 7%

What this means is that a Real Estate Appraiser in Czech Republic can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Czech Republic for 2024

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

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%

Real Estate Appraiser Bonus and Incentive Rates in Czech Republic

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 Appraiser is a moderate bonus based job, with 58% of employees reporting at least one bonus in the last 12 months.

42% 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
58%
No Bonus
42%

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 Czech Republic earn approximately 7% more than private sector employees in the same role.

Public Sector
758,700 CZK
Private Sector -7%
709,600 CZK

Salaries for Jobs Similar to a Real Estate Appraiser

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

Job Title Category Salary
Acquisition Associate Real Estate 588,500 CZK
Assistant Leasing Manager Real Estate 767,000 CZK
Assistant Property Manager Real Estate 829,000 CZK
Brokerage Real Estate 592,600 CZK
Brokerage Clerk Real Estate 318,800 CZK
Commercial Leasing Manager Real Estate 1,175,700 CZK
Commercial Real Estate Manager Real Estate 1,320,500 CZK
Community Development Manager Real Estate 1,104,400 CZK
Compliance Specialist Real Estate 598,600 CZK
Development Coordinator Real Estate 576,500 CZK
Director of Real Estate Real Estate 1,306,100 CZK
Lease Administrator Real Estate 721,600 CZK
Leasing Agent Real Estate 632,400 CZK
Leasing Consultant Real Estate 759,300 CZK
Leasing Manager Real Estate 846,500 CZK
Lettings Assistant Real Estate 314,500 CZK
Portfolio Analyst Real Estate 1,028,300 CZK
Portfolio Manager Real Estate 1,345,400 CZK
Property Acquisition Agent Real Estate 518,900 CZK
Property and Claims Specialist Real Estate 751,700 CZK
Property Manager Real Estate 902,100 CZK
Property Operations Manager Real Estate 1,224,800 CZK
Property Tax Assistant Real Estate 587,800 CZK
Real Estate Administrator Real Estate 638,700 CZK
Real Estate Agent Real Estate 602,700 CZK
Real Estate Analyst Real Estate 810,400 CZK
Real Estate Assistant Real Estate 563,300 CZK
Real Estate Association Manager Real Estate 829,000 CZK
Real Estate Broker Real Estate 602,700 CZK
Real Estate General Manager Real Estate 1,249,900 CZK
Real Estate Project Director Real Estate 1,141,000 CZK
Real Estate Project Manager Real Estate 1,059,800 CZK
Real Estate Sales Agent Real Estate 603,400 CZK
Real Estate Valuer Real Estate 680,100 CZK
Research Analyst Real Estate 538,600 CZK
Residential Advisor Real Estate 739,500 CZK
Residential Property Manager Real Estate 888,400 CZK
Shopping Center Manager Real Estate 1,333,900 CZK
Town Planner Real Estate 1,249,900 CZK

Salary Comparison by City

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

City Average Salary
Prague 715,467 CZK

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