SOC 11-3021 · May 2025
Product Manager Salary
Product Managers in the US earn a median of $175,140 a year ($92.39 an hour on average), according to the BLS May 2025 wage survey. Average Product Manager pay climbed from $156,390 in 2019 to $192,160 in 2025, a +22.9% change in 6 years.
Median annual
$175,140
Half of all Product Managers in the United States earn more than this figure, half earn less. From the BLS Occupational Employment and Wage Statistics May 2025 release.
Wage trend
+22.9% since 2019 · +2.2% YoY
Hourly
$92.39
Job growth 2025-35
+15.8%
US workers
670,570
BLS series
Annual median wage for Computer and Information Systems Managers in All Industries in the United States
Salary range
From entry to top decile
The 10th-to-90th percentile spread for Product Managers is $107,550 – $297,510.
Percentile distribution
USD · annual
10th
$107,550
25th
$138,060
Median
$175,140
75th
$220,730
90th
$297,510
Percentile bands
Where your pay would sit
Percentile bands
Annual wages at each point of the BLS distribution for Product Managers. Where you sit depends on experience, employer, location and credentials.
| Percentile | What it means | Annual wage |
|---|---|---|
| 10th percentile | 10% earn less. Common for new entrants | $107,550 |
| 25th percentile | A quarter earn less | $138,060 |
| Median | Half earn more, half earn less | $175,140 |
| 75th percentile | A quarter earn more | $220,730 |
| 90th percentile | 10% earn more. Often senior or specialist staff | $297,510 |
Geography
Product Manager pay by state
Product Managers earn the most in California ($218,290, +25% against the national median) and the least in Wyoming ($120,850). BLS publishes a May 2025 estimate for this occupation in 51 of 51 states and D.C.
National median
$175,140
Highest-paying states for product managers
| State | Annual median | vs national | Employed |
|---|---|---|---|
| California | $218,290 | +25% | 94,720 |
| Massachusetts | $214,960 | +23% | 24,910 |
| New York | $214,300 | +22% | 48,050 |
| Washington | $209,370 | +20% | 16,960 |
| New Jersey | $203,460 | +16% | 34,470 |
| Virginia | $201,490 | +15% | 17,550 |
| Colorado | $199,420 | +14% | 11,510 |
| D.C. | $195,190 | +11% | 5,690 |
| New Hampshire | $176,540 | +1% | 3,810 |
| Minnesota | $176,380 | +1% | 10,970 |
All 51 states, highest to lowest
| State | Annual median | Employed |
|---|---|---|
| California | $218,290 | 94,720 |
| Massachusetts | $214,960 | 24,910 |
| New York | $214,300 | 48,050 |
| Washington | $209,370 | 16,960 |
| New Jersey | $203,460 | 34,470 |
| Virginia | $201,490 | 17,550 |
| Colorado | $199,420 | 11,510 |
| D.C. | $195,190 | 5,690 |
| New Hampshire | $176,540 | 3,810 |
| Minnesota | $176,380 | 10,970 |
| Oregon | $175,270 | 7,440 |
| Georgia | $173,940 | 18,560 |
| North Carolina | $172,860 | 25,650 |
| Connecticut | $171,750 | 10,570 |
| Illinois | $171,730 | 31,680 |
| Texas | $171,530 | 73,060 |
| Maryland | $171,490 | 14,620 |
| Delaware | $168,500 | 2,140 |
| Florida | $168,470 | 35,040 |
| Rhode Island | $167,270 | 1,210 |
| Arizona | $166,430 | 14,270 |
| Nevada | $165,000 | 3,610 |
| Kansas | $164,830 | 4,050 |
| Pennsylvania | $163,910 | 27,060 |
| Michigan | $163,760 | 16,010 |
| Ohio | $163,640 | 19,500 |
| Utah | $163,610 | 8,810 |
| Idaho | $162,240 | 1,950 |
| South Dakota | $162,240 | 380 |
| South Carolina | $160,860 | 4,930 |
| Maine | $160,260 | 1,450 |
| Wisconsin | $160,140 | 8,880 |
| Missouri | $159,460 | 11,130 |
| Tennessee | $158,700 | 12,040 |
| North Dakota | $149,130 | 850 |
| Iowa | $143,780 | 3,920 |
| Indiana | $142,040 | 8,060 |
| Hawaii | $141,640 | 1,200 |
| Kentucky | $140,360 | 3,130 |
| West Virginia | $139,820 | 1,100 |
| Alabama | $138,670 | 7,670 |
| Vermont | $138,460 | 1,100 |
| New Mexico | $137,730 | 1,500 |
| Oklahoma | $137,280 | 3,790 |
| Nebraska | $135,780 | 5,070 |
| Alaska | $133,490 | 970 |
| Montana | $132,860 | 1,180 |
| Louisiana | $127,500 | 2,860 |
| Arkansas | $127,220 | 3,420 |
| Mississippi | $124,280 | 1,710 |
| Wyoming | $120,850 | 330 |
Source: BLS Occupational Employment and Wage Statistics, state estimates, May 2025, all industries.
What affects this salary
Pay drivers for Product Managers
Product managers plan, coordinate, and oversee product strategy and launches; BLS classifies them under Computer and Information Systems Managers (SOC 11-3021) when product responsibilities span technical systems. Pay varies sharply by company stage (startup, scale-up, enterprise) and industry (consumer software, B2B SaaS, fintech, hardware). The OEWS figure understates total compensation at large tech employers, where stock-based compensation often exceeds base salary.
The 10th-to-90th percentile spread is $107,550 – $297,510. That gap reflects experience, certification, employer type, geographic cost of living, and shift differentials where applicable.
Geography matters. The best-paying states for this role are California, Massachusetts and New York. Pay in California runs 1.8 times the level in Wyoming, before any adjustment for cost of living.
Getting in. BLS lists the typical entry-level education as bachelor's degree, and projects about 53,500 openings a year over 2025-35. Employment is projected to grow 15.8% over the same period, against 3.5% for all occupations.
Frequently asked
Questions readers ask
Frequently asked
What is the average Product Manager salary in the US?
How much does a Product Manager make an hour?
How much do Product Managers make at the low and high end?
Which state pays Product Managers the most?
Is the average Product Manager salary higher than the median?
Is Product Manager a growing career?
Open positions
Open Product Manager roles hiring now
Browse current Product Manager listings on Indeed and ZipRecruiter, filtered to your role.
Source & methodology
Wage and employment figures are from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) program, May 2025 release. Standard Occupational Classification: 11-3021. Figures represent the national median, mean, and percentile distribution across all employers and industries. Hourly equivalents assume a 2,080-hour work year. Job growth, annual openings and typical education are from the BLS Employment Projections program, 2025-35; see the Occupational Outlook Handbook entry. Read our methodology for details on how the data is sourced, transformed, and refreshed.