Average Residential Property Manager Salary in Lithuania for 2024

In this article, we will look at the average Residential Property Manager salary for 2024 in Lithuania 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 Euro. To keep things simple, we are using the EUR currency code instead of the currency symbol โ‚ฌ.

How Much Does a Residential Property Manager Make in Lithuania?

A Residential Property Manager working in Lithuania will typically earn around 49,560 EUR per year, and this can range from the lowest average salary of about 24,800 EUR to the highest average salary of 78,160 EUR.

Average Annual Salary
49,560 EUR
Average Monthly Salary
4,130 EUR

Lowest Annual Salary
24,800 EUR
Lowest Monthly Salary
2,066 EUR

Highest Annual Salary
78,160 EUR
Highest Monthly Salary
6,513 EUR

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

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

Salary ranges

We already know that a Residential Property Manager can earn between 24,800 EUR and 78,160 EUR on average in Lithuania. 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 Lithuania is 52,540 EUR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 52,540 EUR, and 50% of the population earn more than 52,540 EUR.

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 Lithuania, 25% of the population are earning less than 34,480 EUR while 75% of the population earn more than 34,480 EUR.

75% of the population earn less than 64,620 EUR, and 25% of the population earn more than 64,620 EUR.

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 Lithuania

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 Lithuania that has less than two years of experience can expect to earn somewhere in the region of 27,560 EUR.
  • 2 - 5 Years Experience. With two to five years of experience the average Residential Property Manager salary would increase to 37,740 EUR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Residential Property Manager, the average salary would be 53,120 EUR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 63,480 EUR.
  • 15 - 20 Years Experience. A Residential Property Manager with 15 to 20 years of experience can earn an average of 66,840 EUR.
  • 20+ Years Experience. For a Residential Property Manager with more than 20 years, the expected average salary increases to 71,400 EUR.

Average Salary by Experience Chart

0-2 Years
27,560 EUR
2-5 Years +29%
37,740 EUR
5-10 Years +38%
53,120 EUR
10-15 Years +24%
63,480 EUR
15-20 Years +7%
66,840 EUR
20+ Years +7%
71,400 EUR

Residential Property Manager Salary by Education Level in Lithuania

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 Lithuania 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 Lithuania with a high school education can earn an average salary of 38,180 EUR.

  • Certificate or Diploma. A Residential Property Manager in Lithuania with a certificate or diploma education can earn an average salary of 41,560 EUR.

  • Bachelor's Degree. A Residential Property Manager in Lithuania with a bachelor's degree education can earn an average salary of 55,580 EUR.

  • Master's Degree. A Residential Property Manager in Lithuania with a master's degree education can earn an average salary of 69,400 EUR.

Average Salary by Education Chart

High School
38,180 EUR
Certificate or Diploma +15%
41,560 EUR
Bachelor's Degree +35%
55,580 EUR
Master's Degree +26%
69,400 EUR

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 Lithuania is around 16,400 to 49,100 EUR 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 Lithuania, a male residential property manager will earn an average of 52,180 EUR, while a female residential property manager will earn around 48,920 EUR.

This means that a male residential property manager earns approximately 7% more than a female residential property manager for performing the same job.

Average Salary by Gender Chart in Lithuania

Male
52,180 EUR
Female -7%
48,920 EUR

Residential Property Manager Average Pay Raise in Lithuania

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 Lithuania is around 11% every 19 months.

The national average pay raise across all professions and industries in Lithuania is around 8% every 18 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 = ( 11 ÷ 19 ) × 12  = 7%

What this means is that a Residential Property Manager in Lithuania can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Lithuania for 2024

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

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

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Residential Property Manager Bonus and Incentive Rates in Lithuania

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 54% of employees reporting at least one bonus in the last 12 months.

46% 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
54%
No Bonus
46%

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 Lithuania earn approximately 9% more than private sector employees in the same role.

Public Sector
42,320 EUR
Private Sector -9%
38,680 EUR

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 Lithuania.

Job Title Category Salary
Acquisition Associate Real Estate 35,560 EUR
Assistant Leasing Manager Real Estate 43,260 EUR
Assistant Property Manager Real Estate 40,600 EUR
Brokerage Real Estate 30,700 EUR
Brokerage Clerk Real Estate 15,700 EUR
Commercial Leasing Manager Real Estate 67,120 EUR
Commercial Real Estate Manager Real Estate 73,760 EUR
Community Development Manager Real Estate 58,720 EUR
Compliance Specialist Real Estate 31,180 EUR
Development Coordinator Real Estate 31,520 EUR
Director of Real Estate Real Estate 75,980 EUR
Lease Administrator Real Estate 44,300 EUR
Leasing Agent Real Estate 37,200 EUR
Leasing Consultant Real Estate 42,320 EUR
Leasing Manager Real Estate 44,540 EUR
Lettings Assistant Real Estate 15,700 EUR
Portfolio Analyst Real Estate 59,240 EUR
Portfolio Manager Real Estate 79,500 EUR
Property Acquisition Agent Real Estate 31,380 EUR
Property and Claims Specialist Real Estate 40,240 EUR
Property Manager Real Estate 50,340 EUR
Property Operations Manager Real Estate 70,700 EUR
Property Tax Assistant Real Estate 31,980 EUR
Real Estate Administrator Real Estate 37,380 EUR
Real Estate Agent Real Estate 34,480 EUR
Real Estate Analyst Real Estate 44,800 EUR
Real Estate Appraiser Real Estate 34,380 EUR
Real Estate Appraiser Real Estate 35,340 EUR
Real Estate Appraiser Real Estate 36,700 EUR
Real Estate Assistant Real Estate 34,080 EUR
Real Estate Association Manager Real Estate 46,720 EUR
Real Estate Broker Real Estate 31,980 EUR
Real Estate General Manager Real Estate 70,880 EUR
Real Estate Project Director Real Estate 68,580 EUR
Real Estate Project Manager Real Estate 58,240 EUR
Real Estate Sales Agent Real Estate 34,360 EUR
Real Estate Valuer Real Estate 36,800 EUR
Research Analyst Real Estate 32,620 EUR
Residential Advisor Real Estate 42,040 EUR
Shopping Center Manager Real Estate 75,500 EUR
Town Planner Real Estate 75,040 EUR

Salary Comparison by City

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

City Average Salary
Vilnius 50,520 EUR

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