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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 2016 and published in April 2017 [1].

Table 1. Real Estate Brokers Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$24,370
25th Percentile Wage
$34,190
50th Percentile Wage
$56,790
75th Percentile Wage
$95,030
90th Percentile Wage
$162,260

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.

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
201656,790-0.12%-2.75%
201556,860-0.88%-
201457,360-3.87%-
201359,5802.06%-
201258,350--

Table 2. Real Estate Brokers Salary by Industry Sector

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
$84,280
Construction
$64,940
Professional, Scientific, and Technical Services
$64,520
Finance and Insurance
$62,140
Other Services (except Federal, State, and Local Government)
$57,860
Real Estate and Rental and Leasing
$56,480
Federal, State, and Local Government
$55,170
Administrative and Support and Waste Management and Remediation Services
$41,660

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 $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
Massachusetts
$109,460
New Hampshire
$91,950
Ohio
$90,980
New Jersey
$88,240
Hawaii
$81,140
New York
$80,970
Georgia
$76,480
Virginia
$76,330
Minnesota
$74,240
Connecticut
$72,640
Alaska
$71,300
Michigan
$70,710
Texas
$70,680
Rhode Island
$64,270
Washington
$62,510
Maryland
$60,900
Nevada
$60,620
Pennsylvania
$59,890
California
$59,760
Utah
$59,390
South Carolina
$57,820
Oregon
$57,800
Alabama
$55,850
Wisconsin
$55,690
Illinois
$55,680
Florida
$53,440
Louisiana
$52,820
Maine
$51,830
Tennessee
$51,520
Kansas
$49,930
Indiana
$48,910
Puerto Rico
$45,570
Arkansas
$45,140
Mississippi
$44,530
Nebraska
$43,580
Missouri
$41,940
New Mexico
$39,600
Iowa
$39,440
North Carolina
$39,100
Colorado
$38,930
Montana
$36,210
Idaho
$35,380
West Virginia
$32,890
Arizona
$31,730
Oklahoma
$24,110
Kentucky
$19,890


Related:

Highest paying states for real estate brokers

Highest paying cities for real estate brokers

Highest paying industries for real estate brokers.