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Real Estate Brokers Salary Information in New Jersey

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$30,450
25th Percentile Wage
$40,790
50th Percentile Wage
$88,240
75th Percentile Wage
$122,930
90th Percentile Wage
$155,580

Table 1 shows the average annual salary for real estate brokers in New Jersey in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $155,580. The median (50th percentile) annual salary is $88,240. The average annual salary for the bottom 10 percent is $30,450.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$14.64
25th Percentile Wage
$19.61
50th Percentile Wage
$42.42
75th Percentile Wage
$59.10
90th Percentile Wage
$74.80

Table 2 shows the average hourly salary for real estate brokers in New Jersey in 5 percentile scales. The average hourly salary for the 90th percentile is $74.80. The median hourly salary is $42.42. The average hourly salary for the bottom 10 percent is $14.64.

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
201688,240-7.30%-19.03%
201594,680-1.45%-
201496,050-10.01%-
2013105,6600.60%-
2012105,030--

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

Table 3 shows the median annual salary of real estate brokers in some New Jersey cities and metropolitan areas. We note that the median annual salary of real estate brokers in state of New Jersey ranges from $60,010 to $129,720. The highest paying area for real estate brokers in New Jersey is Trenton-Ewing with a median annual salary of $129,720. The second highest paying city/area in New Jersey State is Camden (mean annual salary $78,860). The lowest paying area is Edison-New Brunswick with a median annual salary of $60,010.

Cities/Areas Median Annual Salary
Trenton-Ewing
$129,720
Camden
$78,860
Edison-New Brunswick
$60,010


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