The salary statistics of real estate brokers are shown in Table 1. In the next few tables we compare the average salaries of real estate brokers within different industry sectors and in the 50 states of the United States. The real estate brokers annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 .
|Percentile Bracket||Average Annual Salary|
|10th Percentile Wage|| |
|25th Percentile Wage|| |
|50th Percentile Wage|| |
|75th Percentile Wage|| |
|90th Percentile Wage|| |
Table 1 shows the average annual salary for real estate brokers. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) real estate brokers is $162,260. The median annual salary (50th percentile) is $56,790. The average annual salary for the bottom 10 percent is $24,370. Notice that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 565% higher than that of the bottom 10 percent.
The following table and chart show the trend of the median salary of real estate brokers from 2012 to 2016.
|Year||Median Salary||Yearly Growth||4-Year Growth|
The average salaries of real estate brokers in 8 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for real estate brokers occupations is the management of companies and enterprises sector with an annual salary $84,280. The lowest paying sector is the administrative and support and waste management and remediation services sector (annual salary $41,660).
|Industry Sector||Median Annual Salary|
|Management of Companies and Enterprises|| |
|Professional, Scientific, and Technical Services|| |
|Finance and Insurance|| |
|Other Services (except Federal, State, and Local Government)|| |
|Real Estate and Rental and Leasing|| |
|Federal, State, and Local Government|| |
|Administrative and Support and Waste Management and Remediation Services|| |
From the above tables we note that not only real estate brokers salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of real estate brokers in all 50 states of the United States. We note that the median annual salaries range from $19,890 to $109,460. The highest paying state for real estate brokers is Massachusetts with a median annual salary of $109,460. The lowest paying state is Kentucky with a median annual salary of $19,890. For more salary information of real estate brokers profession in a specific state, use the links in the table.
|State Name||Median Annual Salary|
|New Hampshire|| |
|New Jersey|| |
|New York|| |
|Rhode Island|| |
|South Carolina|| |
|Puerto Rico|| |
|New Mexico|| |
|North Carolina|| |
|West Virginia|| |