The average annual salaries for real estate brokers in the state of Iowa are shown in Table 1. The comparison of the salary statistics of real estate brokers among Iowa metropolitan areas is shown in Table 2. The salary statistics are 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 | $33,920 |
| 25th Percentile Wage | $35,580 |
| 50th Percentile Wage | $59,800 |
| 75th Percentile Wage | $108,130 |
| 90th Percentile Wage | $148,400 |
Table 1 shows the average annual salary for real estate brokers in Iowa in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $148,400. The median (50th percentile) annual salary is $59,800. The average annual salary for the bottom 10 percent is $33,920.
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 | $59,800 | 18.95% | 16.87% |
| 2021 | $48,470 | 5.10% | - |
| 2018 | $46,000 | 14.26% | - |
| 2016 | $39,440 | -26.04% | - |
| 2012 | $49,710 | - | - |
Table 3 shows the median annual salary of real estate brokers in some Iowa cities and metropolitan areas. We note that the median annual salary of real estate brokers in state of Iowa ranges from $52,490 to $60,410. The highest paying area for real estate brokers in Iowa is Des Moines-West Des Moines with a median annual salary of $60,410. The second highest paying city/area in Iowa State is Cedar Rapids (mean annual salary $58,580). The lowest paying area is Davenport-Moline-Rock Island with a median annual salary of $52,490.
| Cities/Areas | Median Annual Salary |
|---|---|
| Des Moines-West Des Moines | |
| Cedar Rapids | |
| Davenport-Moline-Rock Island |