Real Estate Broker Salary in the United States
Based on 29K+ data points from BLS and H-1B filings
Median Annual Salary
$68,556
$32.96/hr
▼ 2.0% vs 2023Salary Range
$38K – $157K
10th – 90th percentile
Total Employed
29K
workers nationwide
Real Estate Broker salary in the United States varies considerably across the country. The median annual salary for real estate brokers is $68,556, reflecting compensation for professionals who manage licensed agents and oversee transactions. With approximately 29,190 workers in this field, brokers play a crucial role in the real estate industry's operations and revenue generation.
Several factors influence Real Estate Broker salary potential, including geographic location, market conditions, and individual performance. Brokers in high-demand urban markets typically earn significantly more than those in rural areas, while commission structures and the size of their brokerage firm also impact earnings. Experience, client base, and market expertise further contribute to the wide salary range, which spans from $38,270 to $157,100 annually.
Salary Distribution — Real Estate Broker
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $38,270 |
| 25th percentile | $40,000 |
| Median (50th percentile) | $68,556 |
| 75th percentile | $157,100 |
| 90th percentile | $157,100 |
Real Estate Broker Salary by State
Top 10 Highest-Paying States for Real Estate Broker
| # | State | Median Salary | vs National | Employed |
|---|---|---|---|---|
| 1 | Iowa | $116,920 | +70.5% | 740 |
| 2 | Massachusetts | $112,180 | +63.6% | — |
| 3 | New York | $94,170 | +37.4% | — |
| 4 | New Jersey | $92,890 | +35.5% | — |
| 5 | Connecticut | $90,910 | +32.6% | — |
| 6 | Nevada | $86,730 | +26.5% | 310 |
| 7 | Maryland | $82,500 | +20.3% | — |
| 8 | Vermont | $82,270 | +20.0% | — |
| 9 | California | $82,050 | +19.7% | 7K |
| 10 | Washington | $81,450 | +18.8% | 110 |
Historical Salary Trend — Real Estate Broker
| Year | Median Salary (United States) |
|---|---|
| 2022 | $71,669 |
| 2023 | $69,921 |
| 2024 | $68,556 |
Real Estate Broker Salary by Experience Level
Frequently Asked Questions
How much do real estate brokers make per hour in the United States?
- Real estate brokers in the United States earn a median of $33 per hour. This translates to an annual median salary of $68,556, though hourly rates can vary significantly depending on experience, location, and commission structures.
What is the salary range for real estate brokers?
- Real estate broker salaries in the United States range from $38,270 at the lower end to $157,100 at the higher end. This wide range reflects differences in experience, market conditions, and individual broker performance.
Which city pays real estate brokers the most?
- Iowa offers the highest median salary for real estate brokers at $116,920 per year, significantly above the national median of $68,556. This makes Iowa one of the most lucrative markets for real estate broker compensation.
How many real estate brokers are employed in the US?
- There are currently 29,190 real estate brokers employed in the United States. This represents the total active workforce in the real estate brokerage industry across the country.