Average Real Estate Appraiser Salary in Micronesia for 2024

In this article, we will look at the average Real Estate Appraiser salary for 2024 in Micronesia 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Real Estate Appraiser Make in Micronesia?

A Real Estate Appraiser working in Micronesia will typically earn around 17,100 USD per year, and this can range from the lowest average salary of about 8,960 USD to the highest average salary of 22,400 USD.

Average Annual Salary
17,100 USD
Average Monthly Salary
1,425 USD

Lowest Annual Salary
8,960 USD
Lowest Monthly Salary
746 USD

Highest Annual Salary
22,400 USD
Highest Monthly Salary
1,866 USD

These are average salaries for a Real Estate Appraiser in Micronesia 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 Micronesia

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

Salary ranges

We already know that a Real Estate Appraiser can earn between 8,960 USD and 22,400 USD on average in Micronesia. 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 Micronesia is 13,100 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 13,100 USD, and 50% of the population earn more than 13,100 USD.

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 Micronesia, 25% of the population are earning less than 9,740 USD while 75% of the population earn more than 9,740 USD.

75% of the population earn less than 20,120 USD, and 25% of the population earn more than 20,120 USD.

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 Micronesia

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 Micronesia that has less than two years of experience can expect to earn somewhere in the region of 9,440 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Appraiser salary would increase to 10,980 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Appraiser, the average salary would be 16,880 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 19,860 USD.
  • 15 - 20 Years Experience. A Real Estate Appraiser with 15 to 20 years of experience can earn an average of 21,560 USD.
  • 20+ Years Experience. For a Real Estate Appraiser with more than 20 years, the expected average salary increases to 22,540 USD.

Average Salary by Experience Chart

0-2 Years
9,440 USD
2-5 Years +34%
10,980 USD
5-10 Years +30%
16,880 USD
10-15 Years +21%
19,860 USD
15-20 Years +9%
21,560 USD
20+ Years +5%
22,540 USD

Real Estate Appraiser Salary by Education Level in Micronesia

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 Micronesia 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 Micronesia with a high school education can earn an average salary of 12,840 USD.

  • Certificate or Diploma. A Real Estate Appraiser in Micronesia with a certificate or diploma education can earn an average salary of 14,820 USD.

  • Bachelor's Degree. A Real Estate Appraiser in Micronesia with a bachelor's degree education can earn an average salary of 23,520 USD.

Average Salary by Education Chart

High School
12,840 USD
Certificate or Diploma +43%
14,820 USD
Bachelor's Degree +38%
23,520 USD

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 Micronesia is around 7,020 to 21,100 USD 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 Micronesia, a male real estate appraiser will earn an average of 15,380 USD, while a female real estate appraiser will earn around 13,100 USD.

This means that a male real estate appraiser earns approximately 17% more than a female real estate appraiser for performing the same job.

Average Salary by Gender Chart in Micronesia

Male
15,380 USD
Female -17%
13,100 USD

Real Estate Appraiser Average Pay Raise in Micronesia

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 Micronesia is around 8% every 28 months.

The national average pay raise across all professions and industries in Micronesia 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 ÷ 28 ) × 12  = 3%

What this means is that a Real Estate Appraiser in Micronesia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Micronesia for 2024

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

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 Appraiser Bonus and Incentive Rates in Micronesia

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 low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% 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
35%
No Bonus
65%

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 Micronesia earn approximately 4% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +4%
16,400 USD

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 Micronesia.

Job Title Category Salary
Acquisition Associate Real Estate 12,620 USD
Assistant Leasing Manager Real Estate 20,120 USD
Assistant Property Manager Real Estate 17,760 USD
Brokerage Real Estate 13,960 USD
Brokerage Clerk Real Estate 5,960 USD
Commercial Leasing Manager Real Estate 30,840 USD
Commercial Real Estate Manager Real Estate 27,020 USD
Community Development Manager Real Estate 26,080 USD
Compliance Specialist Real Estate 12,240 USD
Development Coordinator Real Estate 14,620 USD
Director of Real Estate Real Estate 30,220 USD
Lease Administrator Real Estate 15,920 USD
Leasing Agent Real Estate 12,240 USD
Leasing Consultant Real Estate 18,780 USD
Leasing Manager Real Estate 17,740 USD
Lettings Assistant Real Estate 7,620 USD
Portfolio Analyst Real Estate 23,480 USD
Portfolio Manager Real Estate 35,560 USD
Property Acquisition Agent Real Estate 13,700 USD
Property and Claims Specialist Real Estate 18,780 USD
Property Manager Real Estate 21,380 USD
Property Operations Manager Real Estate 27,480 USD
Property Tax Assistant Real Estate 11,880 USD
Real Estate Administrator Real Estate 17,100 USD
Real Estate Agent Real Estate 14,840 USD
Real Estate Analyst Real Estate 18,780 USD
Real Estate Assistant Real Estate 13,960 USD
Real Estate Association Manager Real Estate 17,740 USD
Real Estate Broker Real Estate 14,200 USD
Real Estate General Manager Real Estate 28,720 USD
Real Estate Project Director Real Estate 26,100 USD
Real Estate Project Manager Real Estate 25,680 USD
Real Estate Sales Agent Real Estate 15,880 USD
Real Estate Valuer Real Estate 17,100 USD
Research Analyst Real Estate 12,120 USD
Residential Advisor Real Estate 16,140 USD
Residential Property Manager Real Estate 21,020 USD
Shopping Center Manager Real Estate 29,320 USD
Town Planner Real Estate 27,020 USD

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