How Much Do Multifamily Project Managers Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary multifamily project managers make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for multifamily project managers and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of multifamily project managers are offering as compensation.

Keep reading to learn more about how much multifamily project managers can expect to make in the United States.

At a Glance: Salary & Jobs for Multifamily Project Managers

According to data from 2023, there were about 972,059 positions for multifamily project managers in the United States. In terms of salary, the national median salary for multifamily project managers was reported to be $98,571. Additionally, when examining job demand, employers across the country posted 376,265 job postings related to positions for multifamily project managers.

How Much Money Do Multifamily Project Managers Make?

Median salary is just one data point. To build a better understanding of how much money multifamily project managers and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for multifamily project managers.

Annual Salary for Multifamily Project Managers

According to the BLS, the lowest earners for multifamily project managers and related professions earned about $57,512 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $163,051 annually.

As mentioned previously, the median salary for multifamily project managers in the United States in 2023 was $98,571.

Hourly Salary for Multifamily Project Managers

The BLS also breaks down compensation for multifamily project managers by hourly salary, and the median average hourly pay for multifamily project managers in 2023 was $47. Lowest hourly earners took home $28 while the highest reported hourly salaries for multifamily project managers was $78.

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Advertised Compensation for Multifamily Project Managers

Data from the BLS is one way to dig into compensation for multifamily project managers, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for multifamily project managers.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Multifamily Project Managers

During a review of 392,608 job postings related to multifamily project managers, advertised salary was included in 139,982 of them, which was 36%. Based on those postings, the median advertised salary for multifamily project managers was $101,760 per year.

Hourly Salary from Job Postings for Multifamily Project Managers

A similar analysis of job postings provides insight into advertised hourly salary for multifamily project managers. Based on 37% of postings with advertised compensation, the median hourly salary for open positions for multifamily project managers in the United States is about $49.

Salary Trend for Multifamily Project Managers

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for multifamily project managers. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for multifamily project managers dating back to September 2020, advertised salaries for multifamily project managers have increased 22%.

What's the Job Growth for Multifamily Project Managers?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for multifamily project managers over the next 10 years.

According to the data obtained through Lightcast,™ there were 973,464 jobs for multifamily project managers in the United States in 2023. By 2033, it is expected that about 111,940 jobs will be added. That's a 11.5% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about multifamily project managers? Visit our other pages focused on salary and education for multifamily project managers.

What do multifamily project managers do?
Multifamily Project Managers: How do you become one?

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