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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 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$29,380
25th Percentile Wage
$47,740
50th Percentile Wage
$70,710
75th Percentile Wage
$105,300
90th Percentile Wage
$146,700

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 $146,700. The median (50th percentile) annual salary is $70,710. The average annual salary for the bottom 10 percent is $29,380.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$14.12
25th Percentile Wage
$22.95
50th Percentile Wage
$33.99
75th Percentile Wage
$50.63
90th Percentile Wage
$70.53

Table 2 shows the average hourly salary for real estate brokers in Michigan in 5 percentile scales. The average hourly salary for the 90th percentile is $70.53. The median hourly salary is $33.99. The average hourly salary for the bottom 10 percent is $14.12.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of real estate brokers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201670,71018.75%28.27%
201557,45018.85%-
201446,620-0.86%-
201347,020-7.87%-
201250,720--

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 $75,870. The highest paying area for real estate brokers in Michigan is Grand Rapids-Wyoming with a median annual salary of $75,870. The second highest paying city/area in Michigan State is Detroit-Warren-Livonia (mean annual salary $75,290). 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
$75,870
Detroit-Warren-Livonia
$75,290
Detroit-Livonia-Dearborn
$69,880
Warren-Troy-Farmington Hills
$66,390
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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