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Real Estate Brokers Salary Information

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 2017 and published in April 2018 [1].

Table 1. Real Estate Brokers Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$24,160
25th Percentile Wage
$35,290
50th Percentile Wage
$56,730
75th Percentile Wage
$88,790
90th Percentile Wage
$151,660

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 $151,660. The median annual salary (50th percentile) is $56,730. The average annual salary for the bottom 10 percent is $24,160. It is noted that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 527% higher than that of the bottom 10 percent.

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
$56,730
-0.11% -2.86%
2016
$56,790
-0.12% -
2015
$56,860
-0.88% -
2014
$57,360
-3.87% -
2013
$59,580
2.06% -
2012
$58,350
- -

Table 2. Real Estate Brokers Salary by Industry Sector

The average salaries of real estate brokers in 12 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 $85,880. The lowest paying sector is the mining sector (annual salary $19,870).

Industry Sector Median Annual Salary
Management of Companies and Enterprises
$85,880
Finance and Insurance
$81,700
Health Care and Social Assistance
$78,950
Educational Services
$72,430
Accommodation and Food Services
$66,980
Professional, Scientific, and Technical Services
$66,050
Federal, State, and Local Government
$63,510
Construction
$61,000
Other Services (except Federal, State, and Local Government)
$56,080
Real Estate and Rental and Leasing
$55,680
Administrative and Support and Waste Management and Remediation Services
$40,170
Mining
$19,870

Table 3. Median Annual Wage of Real Estate Brokers by States

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 $24,110 to $95,080. The highest paying state for real estate brokers is Massachusetts with a median annual salary of $95,080. The lowest paying state is Oklahoma with a median annual salary of $24,110. For more salary information of real estate brokers profession in a specific state, use the links in the table.

State Name Median Annual Salary
Massachusetts
$95,080
Ohio
$83,020
Connecticut
$82,290
Virginia
$76,330
New Jersey
$73,710
Alaska
$71,510
Minnesota
$70,870
Hawaii
$70,160
New York
$69,820
Texas
$69,400
New Hampshire
$67,840
Tennessee
$66,760
Maryland
$65,980
Rhode Island
$63,330
District of Columbia
$63,240
North Dakota
$62,900
Georgia
$62,870
Indiana
$62,720
Nevada
$61,060
Pennsylvania
$60,200
South Carolina
$57,770
Wisconsin
$57,150
Washington
$57,100
Nebraska
$56,610
Utah
$56,570
California
$56,110
Alabama
$55,850
Michigan
$55,510
Oregon
$55,410
Florida
$54,300
Kansas
$52,830
Louisiana
$52,820
Illinois
$52,690
New Mexico
$52,260
Maine
$51,180
Vermont
$49,860
Delaware
$49,590
Arizona
$49,520
Missouri
$49,010
Arkansas
$47,180
Colorado
$46,530
Wyoming
$42,080
Mississippi
$40,400
South Dakota
$39,680
Idaho
$39,600
Iowa
$39,440
North Carolina
$39,260
Puerto Rico
$38,900
Montana
$36,210
West Virginia
$28,630
Kentucky
$25,360
Oklahoma
$24,110



Related:

💰 Highest paying states for real estate brokers

💰 Highest paying cities for real estate brokers

💰 Highest paying industries for real estate brokers.