The annual salary statistics of real estate brokers in Virginia Beach-Norfolk-Newport News, Virginia is shown in Table 1. The wage data of real estate brokers in Virginia Beach-Norfolk-Newport News 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 | $36,670 |
| 25th Percentile Wage | $42,310 |
| 50th Percentile Wage | $57,090 |
| 75th Percentile Wage | $67,300 |
| 90th Percentile Wage | $149,300 |
Table 1 shows the average annual salary for real estate brokers in Virginia Beach-Norfolk-Newport News, Virginia in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $149,300. The median (50th percentile) annual salary is $57,090. The average annual salary for the bottom 10 percent earners is $36,670.
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 | $57,090 | 12.52% | -3.45% |
| 2021 | $49,940 | 16.76% | - |
| 2020 | $41,570 | -31.66% | - |
| 2019 | $54,730 | -25.76% | - |
| 2018 | $68,830 | 3.70% | - |
| 2017 | $66,280 | -12.69% | - |
| 2016 | $74,690 | 20.63% | - |
| 2015 | $59,280 | 10.93% | - |
| 2014 | $52,800 | 7.97% | - |
| 2013 | $48,590 | -21.55% | - |
| 2012 | $59,060 | - | - |
From Table 3 we note that with a median annual salary of $57,090, Virginia Beach-Norfolk-Newport News is the second highest paying city for real estate brokers in state of Virginia, following the highest paying city Roanoke (median annual salary of $57,550). Compared with Roanoke, the median annual salary of real estate brokers in Virginia Beach-Norfolk-Newport News is .8 percent (.8%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Roanoke | |
| Virginia Beach-Norfolk-Newport News | |
| Richmond | |
| Northwestern Virginia nonmetropolitan area | |
| Charlottesville | |
| Lynchburg |