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Real Estate Brokers Salary Information in Virginia

The average annual and hourly salaries for real estate brokers in the state of Virginia are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of real estate brokers amongst Virginia 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 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Real Estate Brokers in Virginia

Percentile BracketAverage Annual Salary
10th Percentile Wage
$29,430
25th Percentile Wage
$44,490
50th Percentile Wage
$76,330
75th Percentile Wage
$100,350
90th Percentile Wage
$185,850

Table 1 shows the average annual salary for real estate brokers in Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $185,850. The median (50th percentile) annual salary is $76,330. The average annual salary for the bottom 10 percent is $29,430.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$14.15
25th Percentile Wage
$21.39
50th Percentile Wage
$36.70
75th Percentile Wage
$48.25
90th Percentile Wage
$89.35

Table 2 shows the average hourly salary for real estate brokers in Virginia in 5 percentile scales. The average hourly salary for the 90th percentile is $89.35. The median hourly salary is $36.70. The average hourly salary for the bottom 10 percent is $14.15.

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
201676,33015.39%36.39%
201564,580-4.18%-
201467,28026.65%-
201349,3501.62%-
201248,550--

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

Table 3 shows the median annual salary of real estate brokers in some Virginia cities and metropolitan areas. We note that the median annual salary of real estate brokers in state of Virginia ranges from $32,500 to $74,690. The highest paying area for real estate brokers in Virginia is Virginia Beach-Norfolk-Newport News with a median annual salary of $74,690. The second highest paying city/area in Virginia State is Richmond (mean annual salary $73,250). The lowest paying area is Charlottesville with a median annual salary of $32,500.

Cities/Areas Median Annual Salary
Virginia Beach-Norfolk-Newport News
$74,690
Richmond
$73,250
Charlottesville
$32,500


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