The average salary for a real estate broker in the United States is $86,130, but the range typically falls between $47,200 and $98,060. This corresponds to an average hourly wage of $41.41, with a range between $22.69 and $47.15.
There are approximately 51,350 people employed as a real estate broker in the United States. With Florida, North Carolina, Arizona employing the highest number of real estate brokers.The state with the best pay for a real estate broker is Rhode Island, with an average annual salary of $197,760, while Arkansas has the lowest average annual salary of $57,840.
| Annual Salary | Hourly Wage | |
|---|---|---|
| 10th Percentile | $36,490 | $17.54 |
| 25th Percentile | $47,200 | $22.69 |
| Median | $63,060 | $30.32 |
| 75th Percentile | $98,060 | $47.15 |
| 90th Percentile | $160,980 | $77.39 |
The salary of a real estate broker can vary depending on the state. Below is a map of the United States showing the average annual salary for a real estate broker in each state. The darker the color, the higher the salary. The best states for real estate brokers are Rhode Island, Massachusetts, Connecticut, New Jersey, North Carolina while the worst states are Arkansas, Oklahoma, Mississippi, Kansas, West Virginia.
| State | Low-end | Average | High-end |
|---|---|---|---|
| Alabama | $40,610 | $75,390 | $107,930 |
| Alaska | $49,360 | $71,710 | $97,540 |
| Arizona | $28,810 | $69,390 | $124,380 |
| Arkansas | $27,100 | $57,840 | $86,810 |
| California | $46,200 | $99,280 | $156,530 |
| Connecticut | $59,170 | $103,620 | $131,650 |
| Delaware | $50,420 | $76,740 | $98,910 |
| Florida | $35,670 | $87,970 | $151,880 |
| Idaho | $19,240 | $77,850 | $103,480 |
| Indiana | $20,530 | $83,390 | $159,620 |
| Iowa | $29,280 | $77,900 | $150,610 |
| Kansas | $25,440 | $70,230 | $137,940 |
| Kentucky | $28,080 | $72,490 | $95,990 |
| Louisiana | $31,090 | $56,090 | $83,500 |
| Maine | $36,130 | $79,190 | $228,230 |
| Massachusetts | $47,920 | $127,810 | $192,870 |
| Michigan | $37,330 | $81,780 | $125,590 |
| Minnesota | $31,090 | $72,510 | $176,330 |
| Mississippi | $15,080 | $59,320 | $114,100 |
| Montana | $26,340 | $68,040 | $109,990 |
| Nevada | $56,140 | $86,300 | $134,230 |
| New Jersey | $47,400 | $112,390 | >$239,200 |
| New Mexico | $44,470 | $72,760 | $119,630 |
| New York | $39,820 | $153,070 | >$239,200 |
| North Carolina | $49,560 | $91,460 | $129,050 |
| North Dakota | $64,140 | $75,890 | $114,980 |
| Ohio | $29,270 | $68,770 | $104,510 |
| Oklahoma | $24,860 | $46,000 | $83,990 |
| Oregon | $35,000 | $75,020 | $104,000 |
| Rhode Island | $153,810 | $197,760 | >$239,200 |
| Tennessee | $38,710 | $84,110 | $179,060 |
| Utah | $34,230 | $78,990 | $149,790 |
| Vermont | $48,600 | $101,810 | $158,610 |
| Virginia | $41,460 | $72,980 | $102,200 |
| Washington | $48,920 | $77,490 | $118,690 |
| West Virginia | $41,460 | $69,950 | $110,450 |
| Wisconsin | $27,060 | $87,150 | $168,550 |
Even between cities, the salary of a real estate broker can vary. For example, the areas with the highest average salary for real estate brokers is Kahului-Wailuku-Lahaina area, HI with an average salary of $188,090.The city with the lowest average salary for real estate brokers is Lynchburg, VA with an average salary of $44,480.
Areas with highest average salaries for real estate brokers
Areas with lowest average salaries for real estate brokers
The number of real estate brokers in the United States has been increasing over the years. Since 2020, the number of real estate brokers has increased by 6,740. On average, the number of real estate brokers has been increasing by 3.8% each year. The salary of real estate brokers has been increasing. Since 2020, the salary of real estate brokers has increased by $4,500. On average, the salary of real estate brokers has been increasing by 1.4% each year.
Real Estate Brokers are part of the sales and related occupations group. Below is a comparison of the average annual salary for real estate brokers compared to other jobs in the same occupation group. View all sales and related occupations jobs here.
$41,090 per year
$99,020 per year
$130,550 per year
$79,700 per year
$41,080 per year
$52,030 per year
