fstep, to answer this question, you need to assess how well you can use other parts of your application to overcome your score.
Just looking at how your score compares to top 50-100 programs, your score is below the median score (545) for Miami University in Ohio (ranked #97 by US News) and I imagine will be slightly below the median for most schools near that 100 ranking. University of Texas at Dallas, ranked #50 by US News, has a median GMAT of 660 and the middle 80% of the student body scored between a 570 and a 760.
On the other hand, 50% of students at Miami University scored below a 545. So, I would say that if you are targeting programs comparable to this one, and you can take the time to put together some solid applications, you probably have a decent chance of getting into a program that suits your needs.