The annual salary statistics of real estate brokers in Boston-Cambridge-Quincy, Massachusetts is shown in Table 1. The wage information of real estate brokers in Boston-Cambridge-Quincy 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 | $73,280 |
| 25th Percentile Wage | $73,280 |
| 50th Percentile Wage | $73,280 |
| 75th Percentile Wage | $172,180 |
| 90th Percentile Wage | $172,180 |
Table 1 shows the average annual salary for real estate brokers in Boston-Cambridge-Quincy, Massachusetts in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $172,180. The median (50th percentile) annual salary is $73,280. The average annual salary for the bottom 10 percent earners is $73,280.
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 | $73,280 | 13.91% | -64.36% |
| 2021 | $63,090 | -0.95% | - |
| 2020 | $63,690 | -9.64% | - |
| 2019 | $69,830 | -39.80% | - |
| 2018 | $97,620 | 3.27% | - |
| 2017 | $94,430 | -17.93% | - |
| 2016 | $111,360 | 10.78% | - |
| 2015 | $99,350 | 2.95% | - |
| 2014 | $96,420 | 5.31% | - |
| 2013 | $91,300 | -31.92% | - |
| 2012 | $120,440 | - | - |
From Table 3 we note that the median annual salary of $73,280 in Boston-Cambridge-Quincy is in the middle of salary range for real estate brokers in state of Massachusetts. In comparison, the annual salary of real estate brokers in Boston-Cambridge-Quincy is 24.9 percent (24.9%) lower than that in the highest paying Boston-Cambridge-Quincy and 7.1 percent (7.1%) higher than that in the lowest paying Framingham.
| Cities/Areas | Median Annual Salary |
|---|---|
| Boston-Cambridge-Quincy | |
| Worcester | |
| Barnstable Town | |
| Springfield | |
| Boston-Cambridge-Quincy | |
| Framingham |