Technology

Product Manager Salary

Product managers define the vision and strategy for products, working with engineering, design, and marketing teams to deliver solutions that meet market needs and business goals.

Median Salary
$121,000
Mean Salary
$127,500
Total Employed
210,400
Job Growth
+10%

Product Manager Salary by Experience Level

Entry-level product managers earn around $75,000 per year, while mid-career professionals earn $122,000. Senior-level product managers can earn $175,000 or more.

Entry Level (0-2 yrs)
$75,000
Mid Level (3-7 yrs)
$122,000
Senior Level (8+ yrs)
$175,000

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Salary Percentile Breakdown

The salary range for product managers varies significantly. The bottom 10% earn $72,000, while the top 10% earn $192,000.

Percentile Annual Salary
10th Percentile $72,000
25th Percentile $95,000
50th Percentile (Median) $121,000
75th Percentile $155,000
90th Percentile $192,000

Product Manager Salary by State

Product Manager salaries vary significantly by state due to cost of living, demand, and industry concentration. The highest paying state is Hawaii at $199,650, while Mississippi offers the lowest at $90,750.

State Median
#1 Hawaii $199,650 Details →
#2 California $185,130 Details →
#3 Massachusetts $175,450 Details →
#4 New York $159,720 Details →
#5 Washington $153,670 Details →
#6 Alaska $146,410 Details →
#7 New Jersey $146,410 Details →
#8 Maryland $140,360 Details →
#9 Oregon $140,360 Details →
#10 Connecticut $139,150 Details →
#11 Colorado $136,730 Details →
#12 Virginia $135,520 Details →
#13 New Hampshire $129,470 Details →
#14 Rhode Island $128,260 Details →
#15 Utah $123,420 Details →
#16 Delaware $122,210 Details →
#17 Florida $121,000 Details →
#18 Illinois $121,000 Details →
#19 Minnesota $121,000 Details →
#20 Arizona $119,790 Details →
#21 Nevada $119,790 Details →
#22 Pennsylvania $118,580 Details →
#23 Texas $118,580 Details →
#24 Vermont $118,580 Details →
#25 Georgia $116,160 Details →
#26 North Carolina $116,160 Details →
#27 Maine $114,950 Details →
#28 Idaho $113,740 Details →
#29 New Mexico $112,530 Details →
#30 Wisconsin $111,320 Details →
#31 Montana $110,110 Details →
#32 Michigan $108,900 Details →
#33 Ohio $108,900 Details →
#34 Tennessee $107,690 Details →
#35 Indiana $106,480 Details →
#36 Missouri $106,480 Details →
#37 Nebraska $106,480 Details →
#38 Louisiana $105,270 Details →
#39 South Carolina $105,270 Details →
#40 Iowa $104,060 Details →
#41 North Dakota $104,060 Details →
#42 Wyoming $104,060 Details →
#43 Kansas $101,640 Details →
#44 Kentucky $100,430 Details →
#45 South Dakota $100,430 Details →
#46 Alabama $99,220 Details →
#47 Oklahoma $99,220 Details →
#48 Arkansas $94,380 Details →
#49 West Virginia $91,960 Details →
#50 Mississippi $90,750 Details →

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Key Responsibilities

  • ● Define product strategy, roadmap, and feature prioritization
  • ● Gather and analyze market research and customer feedback
  • ● Coordinate cross-functional teams through the product lifecycle
  • ● Track key performance metrics and adjust strategy accordingly
  • ● Communicate product vision to stakeholders and leadership

Top Skills

Product Strategy Agile/Scrum Data Analysis Stakeholder Management Roadmapping User Research

Education Required

Bachelor's degree

Job Outlook

Faster than average — projected 10% growth over the next decade

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Frequently Asked Questions About Product Manager Salaries

How much does a Product Manager make per year? ▼
The median product manager salary in the United States is $121,000 per year. Entry-level positions start around $75,000, while senior-level professionals earn up to $175,000 annually. The mean (average) salary is $127,500.
How much does a Product Manager make per hour? ▼
Based on the national median salary of $121,000 per year, a product manager earns approximately $58 per hour assuming a standard 2,080-hour work year. Hourly rates vary by experience, location, and employer.
What is the highest paying state for product managers? ▼
Hawaii is the highest paying state for product managers, with a median salary of $199,650. Other top-paying states include California ($185,130) and Massachusetts ($175,450).
What education do you need to become a product manager? ▼
Most product manager positions require a bachelor's degree. Key skills include Product Strategy, Agile/Scrum, Data Analysis, Stakeholder Management. Relevant certifications and hands-on experience can also strengthen your qualifications.
What is the job outlook for product managers? ▼
Employment for product managers is projected to grow 10% over the next decade, which is faster than average. There are currently 210,400 product managers employed in the United States.
How much does an entry-level product manager make? ▼
An entry-level product manager with 0-2 years of experience earns around $75,000 per year. With 3-7 years of experience, pay increases to approximately $122,000. The bottom 10% of earners make $72,000, while the top 10% earn $192,000.