Average Residential Property Manager Salary in Colombia for 2024

In this article, we will look at the average Residential Property Manager salary for 2024 in Colombia 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 Colombian peso. To keep things simple, we are using the COP currency code instead of the currency symbol $.

How Much Does a Residential Property Manager Make in Colombia?

A Residential Property Manager working in Colombia will typically earn around 66,359,800 COP per year, and this can range from the lowest average salary of about 34,561,900 COP to the highest average salary of 101,641,100 COP.

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

Residential 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 Residential Property Manager Salaries in Colombia

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

Salary ranges

We already know that a Residential Property Manager can earn between 34,561,900 COP and 101,641,100 COP on average in Colombia. 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 Residential Property Manager in Colombia is 63,719,600 COP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 63,719,600 COP, and 50% of the population earn more than 63,719,600 COP.

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 Residential Property Manager salary in Colombia, 25% of the population are earning less than 44,161,600 COP while 75% of the population earn more than 44,161,600 COP.

75% of the population earn less than 79,319,400 COP, and 25% of the population earn more than 79,319,400 COP.

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.

Residential Property Manager Salary by Experience Level in Colombia

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 residential 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 Residential Property Manager in Colombia that has less than two years of experience can expect to earn somewhere in the region of 39,241,100 COP.
• 2 - 5 Years Experience. With two to five years of experience the average Residential Property Manager salary would increase to 52,681,700 COP.
• 5 - 10 Years Experience. From five to ten years of experience as a Residential Property Manager, the average salary would be 68,398,200 COP.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 82,801,800 COP.
• 15 - 20 Years Experience. A Residential Property Manager with 15 to 20 years of experience can earn an average of 90,479,600 COP.
• 20+ Years Experience. For a Residential Property Manager with more than 20 years, the expected average salary increases to 95,161,700 COP.

Average Salary by Experience Chart

Residential Property Manager Salary by Education Level in Colombia

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 Residential Property Manager in Colombia 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 Residential Property Manager in Colombia with a high school education can earn an average salary of 47,280,300 COP.

• Certificate or Diploma. A Residential Property Manager in Colombia with a certificate or diploma education can earn an average salary of 54,000,800 COP.

• Bachelor's Degree. A Residential Property Manager in Colombia with a bachelor's degree education can earn an average salary of 76,078,800 COP.

• Master's Degree. A Residential Property Manager in Colombia with a master's degree education can earn an average salary of 92,158,600 COP.

Average Salary by Education Chart

Residential 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 Colombia, a male residential property manager will earn an average of 70,199,400 COP, while a female residential property manager will earn around 63,840,300 COP.

This means that a male residential property manager earns approximately 10% more than a female residential property manager for performing the same job.

Average Salary by Gender Chart in Colombia

Residential Property Manager Average Pay Raise in Colombia

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 Residential Property Manager in Colombia is around 10% every 20 months.

The national average pay raise across all professions and industries in Colombia is around 7% 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 = ( 10 ÷ 20 ) × 12  = 6%

What this means is that a Residential Property Manager in Colombia can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Colombia for 2024

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

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

Residential Property Manager Bonus and Incentive Rates in Colombia

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 Residential Property Manager is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% 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%.

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 Colombia earn approximately 11% more than private sector employees in the same role.

Salaries for Jobs Similar to a Residential Property Manager

In the table below, we have salary information for jobs that are similar to a Residential Property Manager in Colombia.

Salary Comparison by City

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

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