The annual salary statistics of real estate brokers in Balance of Lower Peninsula of Michigan nonmetropolitan area, Michigan is shown in Table 1. The wage statistics of real estate brokers in Balance of Lower Peninsula of Michigan nonmetropolitan area 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 | $17,860 |
| 25th Percentile Wage | $19,150 |
| 50th Percentile Wage | $20,780 |
| 75th Percentile Wage | $23,530 |
| 90th Percentile Wage | $71,370 |
Table 1 shows the average annual salary for real estate brokers in Balance of Lower Peninsula of Michigan nonmetropolitan area, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $71,370. The median (50th percentile) annual salary is $20,780. The average annual salary for the bottom 10 percent earners is $17,860.
The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2015. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2015 | $20,780 | 4.43% | -62.95% |
| 2013 | $19,860 | -70.49% | - |
| 2012 | $33,860 | - | - |
From Table 3 we note that with a median annual salary of $20,780, Balance of Lower Peninsula of Michigan nonmetropolitan area is the lowest paying city for real estate brokers in state of Michigan, following city of Northeast Lower Peninsula of Michigan nonmetropolitan area (median annual salary of $101,770). In comparison, the median annual salary of real estate brokers in Balance of Lower Peninsula of Michigan nonmetropolitan area is 79.6 percent (79.6%) lower than that in the highest paying city Northeast Lower Peninsula of Michigan nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Northeast Lower Peninsula of Michigan nonmetropolitan area | |
| Grand Rapids-Wyoming | |
| Detroit-Livonia-Dearborn | |
| Warren-Troy-Farmington Hills | |
| Holland-Grand Haven | |
| South Bend-Mishawaka | |
| Detroit-Warren-Livonia | |
| Lansing-East Lansing | |
| Northwest Lower Peninsula of Michigan nonmetropolitan area | |
| Balance of Lower Peninsula of Michigan nonmetropolitan area |