Average Residential Property Manager Salary in Denmark for 2024

In this article, we will look at the average Residential Property Manager salary for 2024 in Denmark 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 Danish krone. To keep things simple, we are using the DKK currency code instead of the currency symbol kr.

How Much Does a Residential Property Manager Make in Denmark?

A Residential Property Manager working in Denmark will typically earn around 563,300 DKK per year, and this can range from the lowest average salary of about 275,500 DKK to the highest average salary of 883,500 DKK.

Average Annual Salary
563,300 DKK
Average Monthly Salary
46,941 DKK

Lowest Annual Salary
275,500 DKK
Lowest Monthly Salary
22,958 DKK

Highest Annual Salary
883,500 DKK
Highest Monthly Salary
73,625 DKK

These are average salaries for a Residential Property Manager in Denmark 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 Denmark

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

Salary ranges

We already know that a Residential Property Manager can earn between 275,500 DKK and 883,500 DKK on average in Denmark. 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 Denmark is 576,500 DKK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 576,500 DKK, and 50% of the population earn more than 576,500 DKK.

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 Denmark, 25% of the population are earning less than 382,600 DKK while 75% of the population earn more than 382,600 DKK.

75% of the population earn less than 744,700 DKK, and 25% of the population earn more than 744,700 DKK.

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.

Residential Property Manager Salary by Experience Level in Denmark

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 Denmark that has less than two years of experience can expect to earn somewhere in the region of 327,300 DKK.
  • 2 - 5 Years Experience. With two to five years of experience the average Residential Property Manager salary would increase to 420,800 DKK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Residential Property Manager, the average salary would be 582,700 DKK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 722,100 DKK.
  • 15 - 20 Years Experience. A Residential Property Manager with 15 to 20 years of experience can earn an average of 772,900 DKK.
  • 20+ Years Experience. For a Residential Property Manager with more than 20 years, the expected average salary increases to 823,400 DKK.

Average Salary by Experience Chart

0-2 Years
327,300 DKK
2-5 Years +29%
420,800 DKK
5-10 Years +38%
582,700 DKK
10-15 Years +24%
722,100 DKK
15-20 Years +7%
772,900 DKK
20+ Years +7%
823,400 DKK

Residential Property Manager Salary by Education Level in Denmark

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 Denmark 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 Denmark with a high school education can earn an average salary of 411,400 DKK.

  • Certificate or Diploma. A Residential Property Manager in Denmark with a certificate or diploma education can earn an average salary of 471,700 DKK.

  • Bachelor's Degree. A Residential Property Manager in Denmark with a bachelor's degree education can earn an average salary of 633,300 DKK.

  • Master's Degree. A Residential Property Manager in Denmark with a master's degree education can earn an average salary of 798,900 DKK.

Average Salary by Education Chart

High School
411,400 DKK
Certificate or Diploma +15%
471,700 DKK
Bachelor's Degree +35%
633,300 DKK
Master's Degree +26%
798,900 DKK

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 Denmark is around 203,000 to 610,000 DKK 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.

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 Denmark, a male residential property manager will earn an average of 576,500 DKK, while a female residential property manager will earn around 553,800 DKK.

This means that a male residential property manager earns approximately 4% more than a female residential property manager for performing the same job.

Average Salary by Gender Chart in Denmark

Male
576,500 DKK
Female -4%
553,800 DKK

Residential Property Manager Average Pay Raise in Denmark

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 Denmark is around 12% every 16 months.

The national average pay raise across all professions and industries in Denmark is around 9% every 15 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 = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Residential Property Manager in Denmark can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Denmark for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Residential Property Manager Bonus and Incentive Rates in Denmark

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 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 3% to 6%.

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

Public Sector
502,200 DKK
Private Sector -6%
472,100 DKK

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 Denmark.

Job Title Category Salary
Acquisition Associate Real Estate 401,300 DKK
Assistant Leasing Manager Real Estate 524,700 DKK
Assistant Property Manager Real Estate 510,200 DKK
Brokerage Real Estate 413,900 DKK
Brokerage Clerk Real Estate 201,100 DKK
Commercial Leasing Manager Real Estate 816,900 DKK
Commercial Real Estate Manager Real Estate 829,000 DKK
Community Development Manager Real Estate 768,900 DKK
Compliance Specialist Real Estate 378,800 DKK
Development Coordinator Real Estate 403,100 DKK
Director of Real Estate Real Estate 922,900 DKK
Lease Administrator Real Estate 524,400 DKK
Leasing Agent Real Estate 426,700 DKK
Leasing Consultant Real Estate 483,400 DKK
Leasing Manager Real Estate 535,800 DKK
Lettings Assistant Real Estate 209,500 DKK
Portfolio Analyst Real Estate 710,500 DKK
Portfolio Manager Real Estate 932,800 DKK
Property Acquisition Agent Real Estate 351,900 DKK
Property and Claims Specialist Real Estate 510,300 DKK
Property Manager Real Estate 623,200 DKK
Property Operations Manager Real Estate 860,300 DKK
Property Tax Assistant Real Estate 397,900 DKK
Real Estate Administrator Real Estate 464,400 DKK
Real Estate Agent Real Estate 424,300 DKK
Real Estate Analyst Real Estate 528,600 DKK
Real Estate Appraiser Real Estate 425,100 DKK
Real Estate Appraiser Real Estate 437,900 DKK
Real Estate Appraiser Real Estate 445,100 DKK
Real Estate Assistant Real Estate 409,000 DKK
Real Estate Association Manager Real Estate 574,200 DKK
Real Estate Broker Real Estate 384,200 DKK
Real Estate General Manager Real Estate 840,800 DKK
Real Estate Project Director Real Estate 772,900 DKK
Real Estate Project Manager Real Estate 691,200 DKK
Real Estate Sales Agent Real Estate 420,100 DKK
Real Estate Valuer Real Estate 414,000 DKK
Research Analyst Real Estate 367,200 DKK
Residential Advisor Real Estate 467,700 DKK
Shopping Center Manager Real Estate 832,000 DKK
Town Planner Real Estate 817,800 DKK

Salary Comparison by City

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

City Average Salary
Copenhagen 614,600 DKK

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  • "Average Residential Property Manager Salary in Denmark for 2024". World Salaries. Accessed on March 29, 2024. https://worldsalaries.com/average-residential-property-manager-salary-in-denmark/.

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