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Monroe Residential Partners Salary

Monroe Residential Partners Salary

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As of August 2026, the average annual salary for employees at Monroe Residential Partners in the United States is $92,780. This translates to an approximate hourly wage of $45. Salaries at Monroe Residential Partners typically range from $81,546 to $104,977 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Monroe Residential Partners Pay for Different Roles?

Explore detailed salary information for specific jobs at Monroe Residential Partners. Based on our data, the highest paying job is the Broker, with an annual salary of $78,513. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Monroe Residential Partners’s Pay Competitive? Salary Benchmarking Analysis

How does Monroe Residential Partners's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
The Dream Home Co $87,010
-6.2%
The Dream Home Co likely leverages performance bonuses over the high base salary shown here.
Unified Property Services Inc $87,063
-6.2%
Unified Property Services Inc operates with a leaner overhead structure, impacting base wage offers.
SocialQ Agency LLC $107,284
+15.6%
Driven by niche technical certifications required for SocialQ Agency LLC's specialized projects.
Valued Engineering Inc $93,392
+0.7%
Suggests Valued Engineering Inc utilizes a highly similar base-plus-benefits compensation model.
Business Services Industry $120,931
+30.3%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Monroe Residential Partners's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Monroe Residential Partners. Click a company name to learn more.

Employee Reviews: Working at Monroe Residential Partners

Considering a career at Monroe Residential Partners? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
It’s a fair and motivating system that drives us all to do our best. It makes you feel valued and appreciated for the effort you put in. Everyone is approachable, from colleagues to senior managers. This company provides an ideal mix of structure and flexibility.
Commented in March 21, 2025
45
1
Leadership stays accessible, and progress is measured fairly. The company offers a healthy pace. The company has successfully maintained a startup-like collaborative spirit despite its large size, which makes problem-solving and innovation much more effective. The culture values both personal achievement and team success. Encouraging feedback from management. Working here has been a rewarding expe...
Commented in February 03, 2025
18
2
Working here is relatively predictable, with a strong emphasis on procedures. The leadership here takes employee feedback seriously. Processes are efficient, but the workplace feels overly formal.
Commented in March 28, 2024
39
1

Monroe Residential Partners Overview

Website
www.monroeresidential.com
Founded In
2015
Employees
<25 employees
Industry
Business Services
Headquarter Address
202 N Justine St Chicago Illinois IL 60607
Revenue
<$5 Million
Phone Number
+1 3125851900
Social Media
About Monroe Residential Partners
Monroe Residential Partners (MRP) is a full-service multifamily development and investment firm based in Chicago, IL. With a combined 70 years of experience specializing in the multifamily industry, the principals of MRP have completed the acquisition, development and redevelopment of over 30,000 apartments and condominiums throughout the country. Their dynamic communities offer close proximity to

What Benefits Does Monroe Residential Partners Offer Beyond Salary?

A competitive compensation package is more than just a salary. Monroe Residential Partners offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Monroe Residential Partners.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Monroe Residential Partners, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Monroe Residential Partners salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Monroe Residential Partners

1. What is the average salary for employees at Monroe Residential Partners?

The average annual total compensation for employees at Monroe Residential Partners is approximately $92,780. However, this is an aggregate figure, actual salaries can range significantly, typically from $81,546 to $104,977, depending on factors like job role, experience, and location.

2. How much does Monroe Residential Partners pay compared to The Dream Home Co?

The average annual salary at Monroe Residential Partners is $92,780, or an hourly wage of $45, in comparison to The Dream Home Co which pays $87,010 per year or $42 per hour.

3. How does having a professional certification impact salary for relevant roles at Monroe Residential Partners?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Monroe Residential Partners for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does Monroe Residential Partners offer cost-of-living adjustments (COLA) for employees in high-cost areas like Chicago?

While some companies offer formal COLA, many, including potentially Monroe Residential Partners, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at Monroe Residential Partners?

Most companies, likely including Monroe Residential Partners, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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