The annual salary statistics of real estate sales agents in Grand Rapids-Wyoming, Michigan is shown in Table 1. The wage data of real estate sales agents 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 | $30,650 |
| 25th Percentile Wage | $38,400 |
| 50th Percentile Wage | $49,600 |
| 75th Percentile Wage | $78,770 |
| 90th Percentile Wage | $86,750 |
Table 1 shows the average annual salary for real estate sales agents 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 $86,750. The median (50th percentile) annual salary is $49,600. The average annual salary for the bottom 10 percent earners is $30,650.
The table and chart below show the trend of the median salary of real estate sales agents from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $49,600 | 23.61% | 35.14% |
| 2021 | $37,890 | -25.20% | - |
| 2020 | $47,440 | 9.59% | - |
| 2019 | $42,890 | 4.85% | - |
| 2018 | $40,810 | 3.26% | - |
| 2017 | $39,480 | -19.98% | - |
| 2016 | $47,370 | 14.74% | - |
| 2015 | $40,390 | -13.86% | - |
| 2014 | $45,990 | 16.09% | - |
| 2013 | $38,590 | 16.64% | - |
| 2012 | $32,170 | - | - |
From Table 3 we note that the median annual salary of $49,600 in Grand Rapids-Wyoming is in the middle of salary range for real estate sales agents in state of Michigan. In comparison, the annual salary of real estate sales agents in Grand Rapids-Wyoming is 25.6 percent (25.6%) lower than that in the highest paying Flint and 34.4 percent (34.4%) higher than that in the lowest paying Saginaw-Saginaw Township North.