Average Residential Property Manager Salary in Ecuador for 2024

In this article, we will look at the average Residential Property Manager salary for 2024 in Ecuador 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 Residential Property Manager Make in Ecuador?

A Residential Property Manager working in Ecuador will typically earn around 19,640 USD per year, and this can range from the lowest average salary of about 10,100 USD to the highest average salary of 30,840 USD.

Average Annual Salary
19,640 USD
Average Monthly Salary
1,636 USD

Lowest Annual Salary
10,100 USD
Lowest Monthly Salary
841 USD

Highest Annual Salary
30,840 USD
Highest Monthly Salary
2,570 USD

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

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

Salary ranges

We already know that a Residential Property Manager can earn between 10,100 USD and 30,840 USD on average in Ecuador. 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 Ecuador is 20,500 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 20,500 USD, and 50% of the population earn more than 20,500 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 Residential Property Manager salary in Ecuador, 25% of the population are earning less than 12,120 USD while 75% of the population earn more than 12,120 USD.

75% of the population earn less than 27,300 USD, and 25% of the population earn more than 27,300 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.

Residential Property Manager Salary by Experience Level in Ecuador

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 Ecuador that has less than two years of experience can expect to earn somewhere in the region of 8,100 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Residential Property Manager salary would increase to 12,120 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Residential Property Manager, the average salary would be 17,740 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 22,420 USD.
  • 15 - 20 Years Experience. A Residential Property Manager with 15 to 20 years of experience can earn an average of 25,680 USD.
  • 20+ Years Experience. For a Residential Property Manager with more than 20 years, the expected average salary increases to 28,820 USD.

Average Salary by Experience Chart

0-2 Years
8,100 USD
2-5 Years +33%
12,120 USD
5-10 Years +48%
17,740 USD
10-15 Years +22%
22,420 USD
15-20 Years +9%
25,680 USD
20+ Years +8%
28,820 USD

Residential Property Manager Salary by Education Level in Ecuador

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 Ecuador 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 Ecuador with a high school education can earn an average salary of 13,660 USD.

  • Certificate or Diploma. A Residential Property Manager in Ecuador with a certificate or diploma education can earn an average salary of 12,000 USD.

  • Bachelor's Degree. A Residential Property Manager in Ecuador with a bachelor's degree education can earn an average salary of 21,540 USD.

  • Master's Degree. A Residential Property Manager in Ecuador with a master's degree education can earn an average salary of 25,160 USD.

Average Salary by Education Chart

High School
13,660 USD
Certificate or Diploma +18%
12,000 USD
Bachelor's Degree +45%
21,540 USD
Master's Degree +31%
25,160 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 Ecuador is around 6,810 to 20,400 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.

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 Ecuador, a male residential property manager will earn an average of 18,280 USD, while a female residential property manager will earn around 15,700 USD.

This means that a male residential property manager earns approximately 16% more than a female residential property manager for performing the same job.

Average Salary by Gender Chart in Ecuador

Male
18,280 USD
Female -16%
15,700 USD

Residential Property Manager Average Pay Raise in Ecuador

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 Ecuador is around 10% every 20 months.

The national average pay raise across all professions and industries in Ecuador 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 Ecuador can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Ecuador for 2024

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

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

Banking
9%
Energy
9%
Information Technology
9%
Healthcare
9%
Travel
9%
Construction
9%
Education
9%

Residential Property Manager Bonus and Incentive Rates in Ecuador

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 57% of employees reporting at least one bonus in the last 12 months.

43% 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
57%
No Bonus
43%

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 Ecuador earn approximately 9% less than private sector employees in the same role.

Public Sector
15,700 USD
Private Sector +9%
17,260 USD

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 Ecuador.

Job Title Category Salary
Acquisition Associate Real Estate 12,120 USD
Assistant Leasing Manager Real Estate 17,620 USD
Assistant Property Manager Real Estate 17,560 USD
Brokerage Real Estate 13,700 USD
Brokerage Clerk Real Estate 6,200 USD
Commercial Leasing Manager Real Estate 29,540 USD
Commercial Real Estate Manager Real Estate 28,720 USD
Community Development Manager Real Estate 27,300 USD
Compliance Specialist Real Estate 13,780 USD
Development Coordinator Real Estate 12,120 USD
Director of Real Estate Real Estate 31,540 USD
Lease Administrator Real Estate 17,620 USD
Leasing Agent Real Estate 12,620 USD
Leasing Consultant Real Estate 15,300 USD
Leasing Manager Real Estate 17,740 USD
Lettings Assistant Real Estate 5,520 USD
Portfolio Analyst Real Estate 22,660 USD
Portfolio Manager Real Estate 31,400 USD
Property Acquisition Agent Real Estate 12,520 USD
Property and Claims Specialist Real Estate 15,300 USD
Property Manager Real Estate 21,100 USD
Property Operations Manager Real Estate 26,100 USD
Property Tax Assistant Real Estate 13,900 USD
Real Estate Administrator Real Estate 14,200 USD
Real Estate Agent Real Estate 14,540 USD
Real Estate Analyst Real Estate 16,140 USD
Real Estate Appraiser Real Estate 13,560 USD
Real Estate Appraiser Real Estate 14,200 USD
Real Estate Assistant Real Estate 13,060 USD
Real Estate Association Manager Real Estate 16,140 USD
Real Estate Broker Real Estate 13,960 USD
Real Estate General Manager Real Estate 26,080 USD
Real Estate Project Director Real Estate 27,020 USD
Real Estate Project Manager Real Estate 23,360 USD
Real Estate Sales Agent Real Estate 12,580 USD
Real Estate Valuer Real Estate 12,580 USD
Research Analyst Real Estate 10,980 USD
Residential Advisor Real Estate 15,380 USD
Shopping Center Manager Real Estate 31,540 USD
Town Planner Real Estate 26,100 USD

Salary Comparison by City

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

City Average Salary
Cuenca 21,020 USD
Duran 16,980 USD
Guayaquil 20,000 USD
Machala 17,740 USD
Manta 20,300 USD
Portoviejo 18,780 USD
Quito 21,540 USD
Santo Domingo 18,280 USD

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