These Are The 10 Highest Realtor Salaries By State

Chris Kolmar
by Chris Kolmar
Best States For Professions, Rankings - 6 months ago
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Without fail, in surveys across basically every demographic, the number one most important aspect of a job for most people is the salary — how much do realtors get paid where I live?

And while there are many things to go into how much you, specifically, can expect to make, there’s really good data for average salaries for realtors by state across America broken down by seniority level. So while your city may be slightly different than the state average, these averages give you a rough sense of what to expect for your salary.

To better understand how salaries change across America, we decided to take a look the most recent data from the Bureau of Labor Statistics on average pay for realtors by state.

Additionally, we wanted to adjust the salary based on the cost of living in a state — because your salary goes further in North Carolina than it does in California.

The state with the best salary for realtors after this adjustment? That would be Real Estate Sales Agents.

Here’s a quick snapshot of the top ten states for salaries:

  1. Wyoming
  2. New York
  3. Arizona
  4. Kansas
  5. Texas
  6. Colorado
  7. Indiana
  8. North Carolina
  9. Alabama
  10. Idaho

Let’s take a look at how we got here and a full ranking of all the states.

If you’re interested, you can read more about the job scene here:

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How we determined pay by state

As we mentioned earlier, we took the average annual salary data for realtors from the 2016 Bureau of Labor Statistics — specifically their ‘Occupational Employment Statistics.’

To make the comparison of salaries apples to apples across states, we also took into account the cost of living in each state.

We then created an index by dividing the average wage for a state by the cost of living relative to average. As an example, the cost of living index in California is 135.9 and the average pay is $65790, so our index value would be:

$65,790 * (100 / 135.9) = $48,410

We then ranked every state on this criteria with the state with the highest salary index ranking as highest average salary for realtors.

Here’s a look at the full ranking for all states.

Detailed List Of Realtor Salaries By State

Rank State Adjusted Salary Average Wage Cost Of Living
1 Wyoming $89,237 $81,920 91.8
2 New York $79,000 $103,490 131.0
3 Arizona $71,479 $70,050 98.0
4 Kansas $70,789 $63,640 89.9
5 Texas $70,639 $64,070 90.7
6 Colorado $69,826 $72,480 103.8
7 Indiana $69,139 $61,880 89.5
8 North Carolina $66,102 $62,070 93.9
9 Alabama $64,364 $58,700 91.2
10 Idaho $62,757 $57,800 92.1
11 New Mexico $62,632 $60,440 96.5
12 Illinois $62,526 $59,150 94.6
13 Maine $62,463 $69,210 110.8
14 Virginia $62,410 $62,910 100.8
15 Oklahoma $61,827 $55,150 89.2
16 Florida $60,000 $58,980 98.3
17 Missouri $59,800 $54,060 90.4
18 Nevada $59,603 $61,570 103.3
19 West Virginia $57,665 $53,860 93.4
20 Pennsylvania $57,327 $58,130 101.4
21 Utah $56,806 $52,830 93.0
22 Wisconsin $55,413 $53,640 96.8
23 Washington $55,228 $58,100 105.2
24 South Dakota $55,110 $57,150 103.7
25 Louisiana $54,229 $51,410 94.8
26 North Dakota $53,521 $53,200 99.4
27 Nebraska $52,521 $48,110 91.6
28 Alaska $51,899 $68,040 131.1
29 Tennessee $51,868 $46,370 89.4
30 Mississippi $51,245 $44,020 85.9
31 Iowa $51,120 $46,520 91.0
32 South Carolina $51,108 $50,700 99.2
33 New Jersey $50,746 $61,860 121.9
34 Hawaii $50,690 $85,110 167.9
35 Massachusetts $49,797 $66,430 133.4
36 Minnesota $49,067 $49,460 100.8
37 Michigan $49,011 $43,620 89.0
38 Georgia $48,993 $44,780 91.4
39 California $48,410 $65,790 135.9
40 Maryland $47,792 $59,980 125.5
41 Delaware $47,001 $47,660 101.4
42 Kentucky $45,756 $41,410 90.5
43 Montana $45,198 $45,560 100.8
44 Oregon $43,287 $50,040 115.6
45 Ohio $42,537 $39,900 93.8
46 New Hampshire $42,452 $49,670 117.0
47 Arkansas $39,253 $34,190 87.1
48 Connecticut $36,115 $46,120 127.7

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