Average Real Estate Project Manager Salary in Namibia for 2024

In this article, we will look at the average Real Estate Project Manager salary for 2024 in Namibia 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 Namibian dollar. To keep things simple, we are using the NAD currency code instead of the currency symbol $.

How Much Does a Real Estate Project Manager Make in Namibia?

A Real Estate Project Manager working in Namibia will typically earn around 301,700 NAD per year, and this can range from the lowest average salary of about 143,200 NAD to the highest average salary of 480,600 NAD.

Average Annual Salary
301,700 NAD
Average Monthly Salary
25,141 NAD

Lowest Annual Salary
143,200 NAD
Lowest Monthly Salary
11,933 NAD

Highest Annual Salary
480,600 NAD
Highest Monthly Salary
40,050 NAD

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

Real Estate Project 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 Real Estate Project Manager Salaries in Namibia

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

Salary ranges

We already know that a Real Estate Project Manager can earn between 143,200 NAD and 480,600 NAD on average in Namibia. 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 Project Manager in Namibia is 320,500 NAD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 320,500 NAD, and 50% of the population earn more than 320,500 NAD.

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 Project Manager salary in Namibia, 25% of the population are earning less than 208,600 NAD while 75% of the population earn more than 208,600 NAD.

75% of the population earn less than 424,900 NAD, and 25% of the population earn more than 424,900 NAD.

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 Project Manager Salary by Experience Level in Namibia

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 project 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 Real Estate Project Manager in Namibia that has less than two years of experience can expect to earn somewhere in the region of 163,800 NAD.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Project Manager salary would increase to 228,500 NAD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Project Manager, the average salary would be 322,600 NAD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 394,800 NAD.
  • 15 - 20 Years Experience. A Real Estate Project Manager with 15 to 20 years of experience can earn an average of 417,200 NAD.
  • 20+ Years Experience. For a Real Estate Project Manager with more than 20 years, the expected average salary increases to 453,200 NAD.

Average Salary by Experience Chart

0-2 Years
163,800 NAD
2-5 Years +38%
228,500 NAD
5-10 Years +42%
322,600 NAD
10-15 Years +22%
394,800 NAD
15-20 Years +6%
417,200 NAD
20+ Years +9%
453,200 NAD

Real Estate Project Manager Salary by Education Level in Namibia

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 Project Manager in Namibia 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 Project Manager in Namibia with a high school education can earn an average salary of 205,700 NAD.

  • Certificate or Diploma. A Real Estate Project Manager in Namibia with a certificate or diploma education can earn an average salary of 239,000 NAD.

  • Bachelor's Degree. A Real Estate Project Manager in Namibia with a bachelor's degree education can earn an average salary of 344,600 NAD.

  • Master's Degree. A Real Estate Project Manager in Namibia with a master's degree education can earn an average salary of 453,200 NAD.

Average Salary by Education Chart

High School
205,700 NAD
Certificate or Diploma +17%
239,000 NAD
Bachelor's Degree +45%
344,600 NAD
Master's Degree +31%
453,200 NAD

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 Namibia is around 87,200 to 262,000 NAD 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 Project 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 Namibia, a male real estate project manager will earn an average of 318,800 NAD, while a female real estate project manager will earn around 292,000 NAD.

This means that a male real estate project manager earns approximately 9% more than a female real estate project manager for performing the same job.

Average Salary by Gender Chart in Namibia

Male
318,800 NAD
Female -9%
292,000 NAD

Real Estate Project Manager Average Pay Raise in Namibia

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 Project Manager in Namibia is around 7% every 30 months.

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

Annual Pay Raise by Industry in Namibia for 2024

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

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 Project Manager Bonus and Incentive Rates in Namibia

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 Project Manager is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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 5% to 9%.

Received Bonus
66%
No Bonus
34%

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 Namibia earn approximately 8% more than private sector employees in the same role.

Public Sector
215,100 NAD
Private Sector -8%
200,000 NAD

Salaries for Jobs Similar to a Real Estate Project Manager

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

Job Title Category Salary
Acquisition Associate Real Estate 163,800 NAD
Assistant Leasing Manager Real Estate 216,800 NAD
Assistant Property Manager Real Estate 225,700 NAD
Brokerage Real Estate 163,800 NAD
Brokerage Clerk Real Estate 90,540 NAD
Commercial Leasing Manager Real Estate 357,300 NAD
Commercial Real Estate Manager Real Estate 357,700 NAD
Community Development Manager Real Estate 327,300 NAD
Compliance Specialist Real Estate 159,500 NAD
Development Coordinator Real Estate 169,000 NAD
Director of Real Estate Real Estate 407,300 NAD
Lease Administrator Real Estate 209,700 NAD
Leasing Agent Real Estate 180,300 NAD
Leasing Consultant Real Estate 200,000 NAD
Leasing Manager Real Estate 245,300 NAD
Lettings Assistant Real Estate 92,300 NAD
Portfolio Analyst Real Estate 301,800 NAD
Portfolio Manager Real Estate 388,100 NAD
Property Acquisition Agent Real Estate 159,500 NAD
Property and Claims Specialist Real Estate 209,700 NAD
Property Manager Real Estate 263,900 NAD
Property Operations Manager Real Estate 381,800 NAD
Property Tax Assistant Real Estate 180,500 NAD
Real Estate Administrator Real Estate 187,500 NAD
Real Estate Agent Real Estate 192,000 NAD
Real Estate Analyst Real Estate 225,700 NAD
Real Estate Appraiser Real Estate 189,300 NAD
Real Estate Appraiser Real Estate 192,600 NAD
Real Estate Assistant Real Estate 172,200 NAD
Real Estate Association Manager Real Estate 228,000 NAD
Real Estate Broker Real Estate 172,200 NAD
Real Estate General Manager Real Estate 372,600 NAD
Real Estate Project Director Real Estate 354,000 NAD
Real Estate Sales Agent Real Estate 183,600 NAD
Real Estate Valuer Real Estate 187,500 NAD
Research Analyst Real Estate 159,100 NAD
Residential Advisor Real Estate 209,700 NAD
Residential Property Manager Real Estate 247,800 NAD
Shopping Center Manager Real Estate 361,500 NAD
Town Planner Real Estate 372,600 NAD

Salary Comparison by City

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

City Average Salary
Windhoek 335,800 NAD

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