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Real Estate Brokers Salary Information in Michigan

The average annual and hourly salaries for real estate brokers in the state of Michigan are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of real estate brokers among Michigan 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 Michigan

Percentile BracketAverage Annual Salary
10th Percentile Wage
$26,560
25th Percentile Wage
$34,260
50th Percentile Wage
$55,510
75th Percentile Wage
$79,020
90th Percentile Wage
$137,070

Table 1 shows the average annual salary for real estate brokers in Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $137,070. The median (50th percentile) annual salary is $55,510. The average annual salary for the bottom 10 percent is $26,560.

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
$55,510
-27.38% 8.63%
2016
$70,710
18.75% -
2015
$57,450
18.85% -
2014
$46,620
-0.86% -
2013
$47,020
-7.87% -
2012
$50,720
- -

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

Table 3 shows the median annual salary of real estate brokers in some Michigan cities and metropolitan areas. We note that the median annual salary of real estate brokers in state of Michigan ranges from $20,780 to $71,350. The highest paying area for real estate brokers in Michigan is Grand Rapids-Wyoming with a median annual salary of $71,350. The second highest paying city/area in Michigan State is Detroit-Livonia-Dearborn (mean annual salary $68,230). The lowest paying area is Balance of Lower Peninsula of Michigan nonmetropolitan area with a median annual salary of $20,780.

Cities/Areas Median Annual Salary
Grand Rapids-Wyoming
$71,350
Detroit-Livonia-Dearborn
$68,230
Detroit-Warren-Livonia
$67,320
Warren-Troy-Farmington Hills
$66,390
Holland-Grand Haven
$52,000
Lansing-East Lansing
$43,170
Northwest Lower Peninsula of Michigan nonmetropolitan area
$28,080
Balance of Lower Peninsula of Michigan nonmetropolitan area
$20,780




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