The annual salary statistics of real estate brokers in Birmingham-Hoover, Alabama is shown in Table 1. The wage data of real estate brokers in Birmingham-Hoover is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $38,020 |
| 25th Percentile Wage | $55,290 |
| 50th Percentile Wage | $58,500 |
| 75th Percentile Wage | $76,460 |
| 90th Percentile Wage | $124,990 |
Table 1 shows the average annual salary for real estate brokers in Birmingham-Hoover, Alabama in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $124,990. The median (50th percentile) annual salary is $58,500. The average annual salary for the bottom 10 percent earners is $38,020.
The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $58,500 | 8.29% | 9.90% |
| 2021 | $53,650 | 7.98% | - |
| 2020 | $49,370 | 2.88% | - |
| 2019 | $47,950 | -3.04% | - |
| 2014 | $49,410 | -30.76% | - |
| 2013 | $64,610 | 18.42% | - |
| 2012 | $52,710 | - | - |
From Table 3 we note that the median annual salary of $58,500 in Birmingham-Hoover is in the middle of salary range for real estate brokers in state of Alabama. In comparison, the annual salary of real estate brokers in Birmingham-Hoover is 25.7 percent (25.7%) lower than that in the highest paying Mobile and 2.4 percent (2.4%) higher than that in the lowest paying Montgomery.
| Cities/Areas | Median Annual Salary |
|---|---|
| Mobile | |
| Southwest Alabama nonmetropolitan area | |
| Tuscaloosa | |
| Huntsville | |
| Birmingham-Hoover | |
| Montgomery |