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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 among New Jersey 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 New Jersey

Percentile BracketAverage Annual Salary
10th Percentile Wage
$33,240
25th Percentile Wage
$47,480
50th Percentile Wage
$73,710
75th Percentile Wage
$120,270
90th Percentile Wage
$163,120

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 $163,120. The median (50th percentile) annual salary is $73,710. The average annual salary for the bottom 10 percent is $33,240.

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
$73,710
-19.71% -42.49%
2016
$88,240
-7.30% -
2015
$94,680
-1.45% -
2014
$96,050
-10.01% -
2013
$105,660
0.60% -
2012
$105,030
- -

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 $42,480 to $158,040. The highest paying area for real estate brokers in New Jersey is Atlantic City-Hammonton with a median annual salary of $158,040. The second highest paying city/area in New Jersey State is Trenton-Ewing (mean annual salary $129,720). The lowest paying area is Wilmington with a median annual salary of $42,480.

Cities/Areas Median Annual Salary
Atlantic City-Hammonton
$158,040
Trenton-Ewing
$129,720
Ocean City
$97,520
Edison-New Brunswick
$60,010
Camden
$55,990
Wilmington
$42,480




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