Real Estate Broker Salary in the United States
Based on 36K+ data points from BLS and H-1B filings
Median Annual Salary
$70,075
$33.69/hr
▲ 2.2% vs 2024Salary Range
$42K – $132K
10th – 90th percentile
Total Employed
36K
workers nationwide
The median Real Estate Broker salary in the United States is $70,075 per year, which translates to approximately $34 per hour. This figure represents the midpoint of earnings, with half of all real estate brokers earning more and half earning less. The salary range for this profession typically falls between $41,792 and $132,088 annually.
Several factors influence a Real Estate Broker's income. Experience level plays a significant role, as do location and the volume of sales. Brokers in states with higher housing costs or more active markets, such as New Jersey, often command higher salaries. The specific responsibilities and the success of the brokerage also contribute to overall compensation.
Salary Distribution — Real Estate Broker
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $41,792 |
| 25th percentile | $54,384 |
| Median (50th percentile) | $70,075 |
| 75th percentile | $95,742 |
| 90th percentile | $132,088 |
Real Estate Broker Salary by State
Top 10 Highest-Paying States for Real Estate Broker
| # | State | Median Salary | vs National | Employed |
|---|---|---|---|---|
| 1 | New Jersey | $111,390 | +59.0% | 1K |
| 2 | Connecticut | $105,800 | +51.0% | — |
| 3 | Utah | $92,830 | +32.5% | — |
| 4 | Washington | $82,790 | +18.1% | — |
| 5 | Alabama | $82,630 | +17.9% | 460 |
| 6 | Michigan | $82,510 | +17.7% | 1K |
| 7 | Maryland | $81,550 | +16.4% | 430 |
| 8 | California | $80,450 | +14.8% | 8K |
| 9 | New Mexico | $80,340 | +14.6% | — |
| 10 | Colorado | $79,970 | +14.1% | 3K |
Real Estate Broker Salary by Industry
How much Real Estate Brokers earn across industries nationwide — Finance and Insurance pays the most ($98,070 median). Ranked by median annual salary (2025 BLS OEWS data).
| # | Industry | Median Salary | vs National | Employed |
|---|---|---|---|---|
| 1 | Finance and Insurance | $98,070 | +40.0% | 2K |
| 2 | Other Services (except Public Administration) | $97,480 | +39.1% | — |
| 3 | Administrative and Support Services | $81,290 | +16.0% | 140 |
| 4 | Health Care and Social Assistance | $75,960 | +8.4% | 70 |
| 5 | Management of Companies and Enterprises | $73,170 | +4.4% | 350 |
| 6 | Real Estate and Rental and Leasing | $72,700 | +3.7% | 41K |
| 7 | Professional, Scientific, and Technical Services | $57,540 | -17.9% | 530 |
| 8 | Construction | $47,010 | -32.9% | 1K |
Source: U.S. Bureau of Labor Statistics, OEWS National Industry-Specific estimates, May 2025. National figures.
Historical Salary Trend — Real Estate Broker
| Year | Median Salary (United States) |
|---|---|
| 2022 | $71,669 |
| 2023 | $69,921 |
| 2024 | $68,556 |
| 2025 | $70,075 |
| 2026 (projected) | $71,628 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
Real Estate Broker Salary by Experience Level
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $54,384 |
| Mid-level | 3-5 yrs | $70,075 |
| Senior | 6-9 yrs | $95,742 |
| Staff / Lead | 10+ yrs | $132,088 |
Frequently Asked Questions
What is the typical salary range for a Real Estate Broker in the US?
- The salary range for a Real Estate Broker in the United States is quite broad, generally falling between $41,792 and $132,088 annually. This means a significant difference exists between entry-level or less successful brokers and those who are highly experienced or work in lucrative markets.
How much does a Real Estate Broker earn on average?
- The median Real Estate Broker salary in the United States is $70,075 per year. This average provides a good benchmark, indicating that many brokers earn around this amount, with earnings varying based on other contributing factors.
Which US state pays Real Estate Brokers the most?
- New Jersey is currently the top-paying state for Real Estate Brokers in the United States, with an average salary of $111,390. This suggests that the real estate market and cost of living in New Jersey contribute to higher compensation for these professionals.
Is the demand for Real Estate Brokers high?
- With a total of 35,520 employed Real Estate Brokers across the United States, the profession indicates a substantial presence in the job market. While this number shows the current employment, understanding salary trends like the median of $70,075 is crucial for career planning.