Real Estate Broker Salary in Michigan
Based on 1K+ workers in Michigan
Median Annual Salary (MI)
$82,510
$39.67/hr
vs National Average
$70,075
+17.7% vs national median
Salary Range (10th–90th)
$44K – $119K
1K employed in Michigan
Real Estate Broker salary in Michigan averages $82,510 annually, positioning the state favorably in the national market. With approximately 1,150 employed brokers, Michigan's median compensation sits 18 percent above the national average, reflecting strong demand for real estate services across the state's diverse markets and growing regions.
Compensation for real estate brokers in Michigan varies significantly based on several factors. Commission structures, market conditions in different regions, years of experience, and individual sales performance directly influence earning potential. Additionally, the strength of local real estate markets, client base size, and brokerage firm reputation all contribute to the wide salary range from $43,990 to $118,680 annually.
Salary Distribution — Real Estate Broker in Michigan
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $43,990 |
| 25th percentile | $64,680 |
| Median (50th percentile) | $82,510 |
| 75th percentile | $111,770 |
| 90th percentile | $118,680 |
Top-Paying Industries for Real Estate Broker (U.S.)
Which industries pay Real Estate Brokers the most — nationwide figures (industry-level data is not available by state). Real Estate Brokers in Michigan tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Finance and Insurance | $98,070 | 2K |
| Other Services (except Public Administration) | $97,480 | — |
| Administrative and Support Services | $81,290 | 140 |
| Health Care and Social Assistance | $75,960 | 70 |
| Management of Companies and Enterprises | $73,170 | 350 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Real Estate Broker in Michigan vs National
| Year | Median Salary (Michigan) |
|---|---|
| 2022 | $57,470 |
| 2023 | $57,040 |
| 2024 | $58,640 |
| 2025 | $82,510 |
| 2026 (projected) | $87,461 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Michigan Median | National Median |
|---|---|---|
| 2022 | $57,470 | $71,669 |
| 2023 | $57,040 | $69,921 |
| 2024 | $58,640 | $68,556 |
| 2025 | $82,510 | $70,075 |
| 2026 (projected) | $87,461 | $74,280 |
Real Estate Broker Salary by Experience Level in Michigan
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $64,680 |
| Mid-level | 3-5 yrs | $82,510 |
| Senior | 6-9 yrs | $111,770 |
| Staff / Lead | 10+ yrs | $118,680 |
Real Estate Broker Salary in Other States
Related Real Estate Broker Salaries in Michigan
How other high-demand occupations in Michigan compare to Real Estate Broker ($82,510 median).
| Occupation | Median Salary | vs Real Estate Broker | Hourly |
|---|---|---|---|
| Logistician in MI | $83,200 | +0.8% | $40.00/hr |
| Purchasing Agent in MI | $75,900 | -8.0% | $36.49/hr |
| Market Research Analyst in MI | $66,780 | -19.1% | $32.11/hr |
| Public Relations Specialist in MI | $65,300 | -20.9% | $31.39/hr |
| Training and Development Specialist in MI | $64,350 | -22.0% | $30.94/hr |
| Editor in MI | $63,090 | -23.5% | $30.33/hr |
| Real Estate Sales Agent in MI | $57,880 | -29.9% | $27.83/hr |
| Computer and Information Research Scientist in MI | $82,590 | +0.1% | $39.71/hr |
| Operations Research Analyst in MI | $83,480 | +1.2% | $40.13/hr |
| Dental Hygienist in MI | $83,790 | +1.6% | $40.28/hr |
| Web and Digital Interface Designer in MI | $81,010 | -1.8% | $38.95/hr |
| Geoscientist in MI | $80,990 | -1.8% | $38.94/hr |
Frequently Asked Questions
How much do real estate brokers make in Michigan?
- The median salary for real estate brokers in Michigan is $82,510 per year, or $40 per hour. This is 17.7% higher than the national average, making Michigan a competitive market for real estate professionals.
What is the salary range for real estate brokers in Michigan?
- Real estate broker salaries in Michigan range from $43,990 at the low end to $118,680 at the high end. This wide range reflects differences in experience, market location, and individual sales performance across the state.
Is the real estate broker salary in Michigan above the national average?
- Yes, Michigan's median real estate broker salary of $82,510 is 17.7% higher than the national average. This makes Michigan one of the better-paying states for real estate brokers.
How many real estate brokers are employed in Michigan?
- There are approximately 1,150 real estate brokers employed in Michigan. This represents the total employment figure for licensed brokers in the state.