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Real estate broker salary
Average real estate broker salary
$80,250
Understanding Real Estate Broker Salaries
The average salary for real estate brokers in the U.S. is currently $80,250 annually. Salaries can vary significantly depending on several key factors:
- Location: Brokers in high-demand markets like New York and California often earn more.
- Experience: Seasoned brokers with years of experience can command higher salaries, reaching six figures in competitive markets.
- Specialization: Brokers focusing on luxury real estate or commercial properties frequently earn higher commissions.
Moreover, the job outlook for real estate brokers remains positive, with opportunities for growth in various states. States like New York, California, and Massachusetts are among the highest-paying for brokers, offering salaries significantly above the national average. Understanding these dynamics can help you make informed decisions about your career path and salary expectations in the real estate industry.
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Where can a Real Estate Broker earn more?
Real estate broker salary estimates from across the web
Average real estate broker salary by state
The average real estate broker salary in New York, New Jersey, and Virginia are the highest in the U.S. The lowest average real estate broker salary states are Iowa, Kansas, and Hawaii.
- State view
- County view
Highest paying states for real estate brokers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $131,354 | $63.15 |
| 2 | Arizona | $99,061 | $47.63 |
| 3 | New Jersey | $104,517 | $50.25 |
| 4 | Pennsylvania | $92,365 | $44.41 |
| 5 | Virginia | $104,076 | $50.04 |
| 6 | Rhode Island | $90,757 | $43.63 |
| 7 | Connecticut | $91,545 | $44.01 |
| 8 | Delaware | $90,702 | $43.61 |
| 9 | North Carolina | $97,245 | $46.75 |
| 10 | Nevada | $92,844 | $44.64 |
| 11 | New Hampshire | $88,023 | $42.32 |
| 12 | Kentucky | $84,796 | $40.77 |
| 13 | Vermont | $89,004 | $42.79 |
| 14 | Indiana | $86,148 | $41.42 |
| 15 | Washington | $95,321 | $45.83 |
| 16 | Ohio | $85,205 | $40.96 |
| 17 | West Virginia | $91,553 | $44.02 |
| 18 | Michigan | $84,290 | $40.52 |
| 19 | Wisconsin | $88,101 | $42.36 |
| 20 | Idaho | $90,466 | $43.49 |
| 21 | District of Columbia | $89,753 | $43.15 |
| 22 | Maine | $88,686 | $42.64 |
| 23 | Maryland | $89,282 | $42.92 |
| 24 | Alabama | $78,649 | $37.81 |
| 25 | Utah | $85,603 | $41.16 |
| 26 | California | $85,694 | $41.20 |
| 27 | Arkansas | $80,987 | $38.94 |
| 28 | Massachusetts | $77,425 | $37.22 |
| 29 | Tennessee | $75,109 | $36.11 |
| 30 | Minnesota | $82,967 | $39.89 |
| 31 | South Carolina | $78,608 | $37.79 |
| 32 | New Mexico | $80,705 | $38.80 |
| 33 | Texas | $79,434 | $38.19 |
| 34 | Nebraska | $73,750 | $35.46 |
| 35 | Louisiana | $79,348 | $38.15 |
| 36 | North Dakota | $80,245 | $38.58 |
| 37 | Oregon | $74,569 | $35.85 |
| 38 | Mississippi | $78,676 | $37.83 |
| 39 | Iowa | $59,491 | $28.60 |
| 40 | Montana | $79,213 | $38.08 |
| 41 | Colorado | $74,833 | $35.98 |
| 42 | South Dakota | $75,161 | $36.14 |
| 43 | Alaska | $73,040 | $35.12 |
| 44 | Illinois | $63,312 | $30.44 |
| 45 | Georgia | $64,533 | $31.03 |
| 46 | Florida | $53,512 | $25.73 |
| 47 | Kansas | $56,925 | $27.37 |
| 48 | Oklahoma | $63,951 | $30.75 |
| 49 | Hawaii | $56,813 | $27.31 |
| 50 | Missouri | $45,435 | $21.84 |
| 51 | Wyoming | $53,783 | $25.86 |
Highest paying cities for real estate brokers
The highest-paying cities for real estate brokers are New York, NY, Scottsdale, AZ, and Greensboro, NC.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $131,853 | $63.39 |
| 2 | Scottsdale, AZ | $99,330 | $47.75 |
| 3 | Greensboro, NC | $97,900 | $47.07 |
| 4 | Vancouver, WA | $96,398 | $46.35 |
| 5 | San Francisco, CA | $95,884 | $46.10 |
| 6 | Philadelphia, PA | $92,767 | $44.60 |
| 7 | Greenwich, CT | $91,716 | $44.09 |
| 8 | Charleston, WV | $89,955 | $43.25 |
| 9 | Annapolis, MD | $89,388 | $42.98 |
| 10 | Appleton, WI | $88,754 | $42.67 |
| 11 | Youngstown, OH | $87,862 | $42.24 |
| 12 | Indianapolis, IN | $85,593 | $41.15 |
| 13 | Salt Lake City, UT | $85,048 | $40.89 |
| 14 | Austin, TX | $79,925 | $38.43 |
| 15 | Charleston, SC | $78,206 | $37.60 |
| 16 | Boston, MA | $77,328 | $37.18 |
| 17 | Denver, CO | $74,592 | $35.86 |
| 18 | Portland, OR | $73,398 | $35.29 |
| 19 | Atlanta, GA | $64,514 | $31.02 |
| 20 | Chicago, IL | $63,786 | $30.67 |
Real estate broker salary details
A real estate broker's salary ranges from $56,000 a year at the 10th percentile to $114,000 at the 90th percentile.
What is a real estate broker's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $114,000 | $9,500 | $55 |
| 75th Percentile | $96,000 | $8,000 | $46 |
| Average | $80,250 | $6,688 | $39 |
| 25th Percentile | $66,000 | $5,500 | $32 |
| 10th Percentile | $56,000 | $4,667 | $27 |
Highest paying real estate broker jobs
The highest paying types of real estate brokers are broker, real estate sales associate, and real estate consultant.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Realtor | $38,290 | $3,191 | $18.41 | 7,482 |
| Broker | $124,861 | $10,405 | $60.03 | 2,770 |
| Real Estate Sales Supervisor | $44,321 | $3,693 | $21.31 | 19,785 |
| Real Estate Analyst | $71,206 | $5,934 | $34.23 | 35,450 |
| Real Estate Consultant | $92,358 | $7,696 | $44.40 | 22,428 |
| Real Estate Internship | $32,662 | $2,722 | $15.70 | 64,154 |
Top companies hiring real estate brokers now:
Which companies pay real estate brokers the most?
Real estate broker salaries at Village Real Estate and Colliers International are the highest-paying according to our most recent salary estimates. In addition, the average real estate broker salary at companies like The Real Estate Group and Burgan Bank are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Village Real Estate | $105,999 | $50.96 |
| 2 | Colliers International | $102,898 | $49.47 |
| 3 | The Real Estate Group | $95,047 | $45.70 |
| 4 | Burgan Bank | $94,475 | $45.42 |
| 5 | CBRE Group | $94,023 | $45.20 |
| 6 | Home Encounter | $93,630 | $45.01 |
| 7 | T3 Advisors | $92,257 | $44.35 |
| 8 | Monticello Associates | $92,198 | $44.33 |
| 9 | Vacasa | $92,077 | $44.27 |
| 10 | Stan Johnson | $92,051 | $44.26 |
| 11 | FBG Service | $91,163 | $43.83 |
| 12 | Equitable Holdings | $90,732 | $43.62 |
| 13 | Randstad North America, Inc. | $90,174 | $43.35 |
| 14 | Hilco Transport | $87,651 | $42.14 |
| 15 | Metro Brokers | $87,345 | $41.99 |
| 16 | Samet | $86,898 | $41.78 |
| 17 | Robert Half | $86,601 | $41.64 |
| 18 | Baird & Warner | $86,374 | $41.53 |
| 19 | Friedman | $84,981 | $40.86 |
| 20 | Accountants One | $84,564 | $40.66 |
Wage gap by gender, race and education
Real estate broker salary trends
The average real estate broker salary has risen by $1,369 over the last ten years. In 2014, the average real estate broker earned $78,881 annually, but today, they earn $80,250 a year. That works out to a 6% change in pay for real estate brokers over the last decade.
Compare real estate broker salaries for cities or states with the national average over time.
Average real estate broker salary over time
Compare real estate broker salaries for individual cities or states with the national average.
Real estate broker salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $80,300 | $38.58 | +1.1% |
| 2024 | $79,400 | $38.17 | +2.5% |
| 2023 | $77,400 | $37.20 | +2.5% |
| 2022 | $75,400 | $36.26 | -0.1% |
| 2021 | $75,500 | $36.29 | -0.1% |
Recently added real estate broker salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Miller Chicago Real Estate | Real Estate Broker | Chicago, IL | 06/29/2025 | $55,000 |
| Get It-Real Estate | Junior Commercial Real Estate Broker-Remote | WFH | Tampa, FL | 06/29/2025 | $52,175 |
| GCM Grosvenor | Fund Controller: Private Equity, Real Estate and Infrastructure | Chicago, IL | 06/22/2025 | $140,000 |
| Trovatal | Controller Real Estate | Boston, MA | 06/12/2025 | $125,000 |
| GCM Grosvenor Inc. | Fund Controller: Private Equity, Real Estate and Infrastructure | Chicago, IL | 05/29/2025 | $140,000 |
| Windermere Real Estate | Real Estate Broker | Park City, UT | 05/29/2025 | $78,729 |
| Windermere Real Estate | Real Estate Broker | Renton, WA | 05/29/2025 | $85,491 |
| Jpmorgan Chase & Co | Asset Management-Real Estate Fund Controller | New York, NY | 05/28/2025 | $145,000 |
| Get It-Real Estate | Junior Commercial Real Estate Broker-Remote | WFH | Tampa, FL | 05/26/2025 | $31,305 |
| Get It-Real Estate | Real Estate Broker-Remote | WFH | Sumner, WA | 05/26/2025 | $41,740 |
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