The annual salary statistics of real estate brokers in Detroit-Livonia-Dearborn, Michigan is shown in Table 1. The wage information of real estate brokers in Detroit-Livonia-Dearborn 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 | $33,360 |
| 25th Percentile Wage | $37,820 |
| 50th Percentile Wage | $68,230 |
| 75th Percentile Wage | $88,000 |
| 90th Percentile Wage | $117,140 |
Table 1 shows the average annual salary for real estate brokers in Detroit-Livonia-Dearborn, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $117,140. The median (50th percentile) annual salary is $68,230. The average annual salary for the bottom 10 percent earners is $33,360.
The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $68,230 | -2.42% | -45.33% |
| 2016 | $69,880 | -1.46% | - |
| 2015 | $70,900 | 28.84% | - |
| 2014 | $50,450 | -22.97% | - |
| 2013 | $62,040 | -59.83% | - |
| 2012 | $99,160 | - | - |
From Table 3 we note that the median annual salary of $68,230 in Detroit-Livonia-Dearborn is in the middle of salary range for real estate brokers in state of Michigan. In comparison, the annual salary of real estate brokers in Detroit-Livonia-Dearborn is 33.0 percent (33.0%) lower than that in the highest paying Northeast Lower Peninsula of Michigan nonmetropolitan area and 69.5 percent (69.5%) higher than that in the lowest paying Balance of Lower Peninsula of Michigan nonmetropolitan area.