The annual salary statistics of real estate brokers in Nashville-Davidson--Murfreesboro--Franklin, Tennessee is shown in Table 1. The wage statistics of real estate brokers in Nashville-Davidson--Murfreesboro--Franklin 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 | $37,800 |
| 25th Percentile Wage | $58,520 |
| 50th Percentile Wage | $102,140 |
| 75th Percentile Wage | $177,570 |
| 90th Percentile Wage | $177,580 |
Table 1 shows the average annual salary for real estate brokers in Nashville-Davidson--Murfreesboro--Franklin, Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $177,580. The median (50th percentile) annual salary is $102,140. The average annual salary for the bottom 10 percent earners is $37,800.
The table and chart below show the trend of the median salary of real estate brokers from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $102,140 | 2.15% | 54.99% |
| 2021 | $99,940 | 6.95% | - |
| 2018 | $92,990 | 11.74% | - |
| 2017 | $82,070 | 39.70% | - |
| 2016 | $49,490 | 9.76% | - |
| 2015 | $44,660 | -2.93% | - |
| 2012 | $45,970 | - | - |
From Table 3 we note that with a median annual salary of $102,140, Nashville-Davidson--Murfreesboro--Franklin is the highest paying city for real estate brokers in state of Tennessee, followed by Knoxville (median annual salary $49,060). In comparison, the median annual salary of real estate brokers in Nashville-Davidson--Murfreesboro--Franklin is 52.0 percent (52.0%) higher than that in Knoxville.
| Cities/Areas | Median Annual Salary |
|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | |
| Knoxville | |
| Memphis | |
| Chattanooga | |
| Clarksville |