Real Estate Broker Salary in Minnesota
State-level salary data from BLS OES and H-1B filings
Median Annual Salary (MN)
$39,850
$19.16/hr
vs National Average
$70,075
-43.1% vs national median
Salary Range (10th–90th)
$36K – $146K
Real Estate Broker salary in Minnesota averages $39,850 per year, according to current labor data. This median figure represents what half of brokers earn above and half below in the state. It's important to note that Minnesota's median falls approximately 43% below the national average, reflecting regional differences in market conditions and cost of living compared to other states.
Several factors influence Real Estate Broker salary in Minnesota, including experience level, brokerage size, and market location within the state. Geographic variations between urban centers like Minneapolis-St. Paul and rural areas significantly impact earning potential. Additionally, individual performance, client base, commission structures, and the current real estate market conditions all play substantial roles in determining compensation for brokers operating in Minnesota.
Salary Distribution — Real Estate Broker in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $36,190 |
| 25th percentile | $39,660 |
| Median (50th percentile) | $39,850 |
| 75th percentile | $92,770 |
| 90th percentile | $146,130 |
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 Minnesota 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 Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $75,340 |
| 2023 | $62,340 |
| 2024 | $66,310 |
| 2025 | $39,850 |
| 2026 (projected) | $39,850 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $75,340 | $71,669 |
| 2023 | $62,340 | $69,921 |
| 2024 | $66,310 | $68,556 |
| 2025 | $39,850 | $70,075 |
| 2026 (projected) | $39,850 | $70,075 |
Real Estate Broker Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $39,660 |
| Mid-level | 3-5 yrs | $39,850 |
| Senior | 6-9 yrs | $92,770 |
| Staff / Lead | 10+ yrs | $146,130 |
Real Estate Broker Salary in Other States
Related Real Estate Broker Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Real Estate Broker ($39,850 median).
| Occupation | Median Salary | vs Real Estate Broker | Hourly |
|---|---|---|---|
| Market Research Analyst in MN | $87,510 | +119.6% | $42.07/hr |
| Logistician in MN | $82,320 | +106.6% | $39.58/hr |
| Purchasing Agent in MN | $80,370 | +101.7% | $38.64/hr |
| Training and Development Specialist in MN | $76,710 | +92.5% | $36.88/hr |
| Writer and Author in MN | $72,810 | +82.7% | $35.00/hr |
| Public Relations Specialist in MN | $68,620 | +72.2% | $32.99/hr |
| Editor in MN | $62,650 | +57.2% | $30.12/hr |
| Real Estate Sales Agent in MN | $46,410 | +16.5% | $22.31/hr |
| Restaurant Cook in MN | $38,590 | -3.2% | $18.55/hr |
| Home Health and Personal Care Aide in MN | $38,370 | -3.7% | $18.45/hr |
| Firefighter in MN | $38,110 | -4.4% | $18.32/hr |
| Receptionist in MN | $37,510 | -5.9% | $18.03/hr |
Frequently Asked Questions
How much do real estate brokers make in Minnesota?
- The median salary for real estate brokers in Minnesota is $39,850 per year, or approximately $19 per hour. This is 43.1% below the national average for the profession.
What is the salary range for real estate brokers in Minnesota?
- Real estate broker salaries in Minnesota range from $36,190 at the lower end to $146,130 at the upper end, representing significant variation based on experience and performance.
Is the real estate broker salary in Minnesota higher or lower than the national average?
- Minnesota real estate broker salaries are lower than the national average, with the median salary of $39,850 being 43.1% below the national average for this role.
What hourly wage do real estate brokers earn in Minnesota?
- Real estate brokers in Minnesota earn a median hourly wage of $19 per hour, which translates to the annual median salary of $39,850.