The annual salary statistics of real estate brokers in Detroit-Warren-Livonia, Michigan is shown in Table 1. The wage data of real estate brokers in Detroit-Warren-Livonia 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 | $24,930 |
| 25th Percentile Wage | $37,020 |
| 50th Percentile Wage | $48,460 |
| 75th Percentile Wage | $48,460 |
| 90th Percentile Wage | $102,080 |
Table 1 shows the average annual salary for real estate brokers in Detroit-Warren-Livonia, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $102,080. The median (50th percentile) annual salary is $48,460. The average annual salary for the bottom 10 percent earners is $24,930.
The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $48,460 | -94.22% | -76.35% |
| 2020 | $94,120 | 3.93% | - |
| 2019 | $90,420 | 2.43% | - |
| 2018 | $88,220 | 23.69% | - |
| 2017 | $67,320 | -11.84% | - |
| 2016 | $75,290 | 20.76% | - |
| 2015 | $59,660 | -6.25% | - |
| 2014 | $63,390 | 7.04% | - |
| 2013 | $58,930 | -45.02% | - |
| 2012 | $85,460 | - | - |
From Table 3 we note that the median annual salary of $48,460 in Detroit-Warren-Livonia 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-Warren-Livonia is 52.4 percent (52.4%) lower than that in the highest paying Northeast Lower Peninsula of Michigan nonmetropolitan area and 57.1 percent (57.1%) higher than that in the lowest paying Balance of Lower Peninsula of Michigan nonmetropolitan area.