The annual salary statistics of real estate brokers in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage information of real estate brokers in Grand Rapids-Wyoming 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 | $20,810 |
| 25th Percentile Wage | $87,020 |
| 50th Percentile Wage | $95,570 |
| 75th Percentile Wage | $104,130 |
| 90th Percentile Wage | $109,200 |
Table 1 shows the average annual salary for real estate brokers in Grand Rapids-Wyoming, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $109,200. The median (50th percentile) annual salary is $95,570. The average annual salary for the bottom 10 percent earners is $20,810.
The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2020.
| Year | Median Salary | Yearly Growth | 8-Year Growth |
|---|---|---|---|
| 2020 | $95,570 | 7.05% | 80.35% |
| 2019 | $88,830 | 8.80% | - |
| 2018 | $81,010 | 11.92% | - |
| 2017 | $71,350 | -6.33% | - |
| 2016 | $75,870 | 4.27% | - |
| 2015 | $72,630 | 74.14% | - |
| 2012 | $18,780 | - | - |
From Table 3 we note that with a median annual salary of $95,570, Grand Rapids-Wyoming is the second highest paying city for real estate brokers in state of Michigan, following the highest paying city Northeast Lower Peninsula of Michigan nonmetropolitan area (median annual salary of $101,770). Compared with Northeast Lower Peninsula of Michigan nonmetropolitan area, the median annual salary of real estate brokers in Grand Rapids-Wyoming is 6.1 percent (6.1%) lower.