The annual salary statistics of real estate brokers in Buffalo-Niagara Falls, New York is shown in Table 1. The wage statistics of real estate brokers in Buffalo-Niagara Falls 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 | $43,460 |
| 25th Percentile Wage | $45,370 |
| 50th Percentile Wage | $48,550 |
| 75th Percentile Wage | $51,730 |
| 90th Percentile Wage | $53,610 |
Table 1 shows the average annual salary for real estate brokers in Buffalo-Niagara Falls, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $53,610. The median (50th percentile) annual salary is $48,550. The average annual salary for the bottom 10 percent earners is $43,460.
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 | $48,550 | 3.71% | -45.40% |
| 2019 | $46,750 | 0.21% | - |
| 2018 | $46,650 | -51.32% | - |
| 2014 | $70,590 | 1.02% | - |
| 2013 | $69,870 | -1.03% | - |
| 2012 | $70,590 | - | - |
From Table 3 we note that the median annual salary of $48,550 in Buffalo-Niagara Falls is in the middle of salary range for real estate brokers in state of New York. In comparison, the annual salary of real estate brokers in Buffalo-Niagara Falls is 48.0 percent (48.0%) lower than that in the highest paying New York-White Plains-Wayne and 7.9 percent (7.9%) higher than that in the lowest paying Syracuse.
| Cities/Areas | Median Annual Salary |
|---|---|
| New York-White Plains-Wayne | |
| Capital-Northern New York nonmetropolitan area | |
| New York-Northern New Jersey-Long Island | |
| Rochester | |
| Utica-Rome | |
| Albany-Schenectady-Troy | |
| Kingston | |
| Nassau-Suffolk | |
| Buffalo-Niagara Falls | |
| Syracuse |