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Real Estate Brokers Salary Information in Massachusetts

The average annual and hourly salaries for real estate brokers in the state of Massachusetts are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of real estate brokers among Massachusetts metropolitan areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Real Estate Brokers in Massachusetts

Percentile BracketAverage Annual Salary
10th Percentile Wage
$43,540
25th Percentile Wage
$60,130
50th Percentile Wage
$95,080
75th Percentile Wage
$144,130
90th Percentile Wage
$164,110

Table 1 shows the average annual salary for real estate brokers in Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $164,110. The median (50th percentile) annual salary is $95,080. The average annual salary for the bottom 10 percent is $43,540.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$95,080
-15.12% -21.15%
2016
$109,460
16.68% -
2015
$91,200
-3.79% -
2014
$94,660
1.41% -
2013
$93,330
-23.42% -
2012
$115,190
- -

Table 3. Median Annual Salary of Real Estate Brokers in Massachusetts Cities

Table 3 shows the median annual salary of real estate brokers in some Massachusetts cities and metropolitan areas. We note that the median annual salary of real estate brokers in state of Massachusetts ranges from $56,400 to $97,560. The highest paying area for real estate brokers in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $97,560. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $94,430). The lowest paying area is Springfield with a median annual salary of $56,400.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$97,560
Boston-Cambridge-Quincy
$94,430
Worcester
$88,330
Framingham
$68,100
Springfield
$56,400




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