Real Estate Broker Salary in New Jersey
Based on 1K+ workers in New Jersey
Median Annual Salary (NJ)
$111,390
$53.55/hr
vs National Average
$70,075
+59.0% vs national median
Salary Range (10th–90th)
$48K – $111K
1K employed in New Jersey
Curious about the Real Estate Broker salary in New Jersey? The median annual salary for a Real Estate Broker in New Jersey is a robust $111,390, significantly outpacing the national average by 59%. This figure reflects a strong demand and competitive market within the Garden State, with approximately 1,290 professionals currently employed in this vital role.
Several factors influence a Real Estate Broker salary in New Jersey, extending beyond the median. Experience levels, specific brokerage firms, negotiation skills, and the volume and value of transactions handled all play a crucial part. Geographic location within New Jersey, such as proximity to urban centers or high-demand coastal areas, can also lead to variations in earning potential for these professionals.
Salary Distribution — Real Estate Broker in New Jersey
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $47,750 |
| 25th percentile | $100,500 |
| Median (50th percentile) | $111,390 |
| 75th percentile | $111,390 |
| 90th percentile | $111,390 |
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 New Jersey 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 New Jersey vs National
| Year | Median Salary (New Jersey) |
|---|---|
| 2022 | $98,550 |
| 2023 | $92,180 |
| 2024 | $92,890 |
| 2025 | $111,390 |
| 2026 (projected) | $118,073 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | New Jersey Median | National Median |
|---|---|---|
| 2022 | $98,550 | $71,669 |
| 2023 | $92,180 | $69,921 |
| 2024 | $92,890 | $68,556 |
| 2025 | $111,390 | $70,075 |
| 2026 (projected) | $118,073 | $74,280 |
Real Estate Broker Salary by Experience Level in New Jersey
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $100,500 |
| Mid-level | 3-5 yrs | $111,390 |
| Senior | 6-9 yrs | $111,390 |
| Staff / Lead | 10+ yrs | $111,390 |
Real Estate Broker Salary in Other States
Related Real Estate Broker Salaries in New Jersey
How other high-demand occupations in New Jersey compare to Real Estate Broker ($111,390 median).
| Occupation | Median Salary | vs Real Estate Broker | Hourly |
|---|---|---|---|
| Real Estate Sales Agent in NJ | $99,990 | -10.2% | $48.07/hr |
| Purchasing Agent in NJ | $93,250 | -16.3% | $44.83/hr |
| Logistician in NJ | $92,280 | -17.2% | $44.37/hr |
| Market Research Analyst in NJ | $88,190 | -20.8% | $42.40/hr |
| Editor in NJ | $81,680 | -26.7% | $39.27/hr |
| Writer and Author in NJ | $81,590 | -26.8% | $39.23/hr |
| Public Relations Specialist in NJ | $80,130 | -28.1% | $38.52/hr |
| Training and Development Specialist in NJ | $77,020 | -30.9% | $37.03/hr |
| Physical Therapist in NJ | $112,140 | +0.7% | $53.91/hr |
| Mechanical Engineer in NJ | $112,300 | +0.8% | $53.99/hr |
| Financial Analyst in NJ | $108,610 | -2.5% | $52.22/hr |
| Software Engineer in NJ | $108,310 | -2.8% | $52.07/hr |
Frequently Asked Questions
How much do real estate brokers make in New Jersey?
- The median salary for a real estate broker in New Jersey is $111,390 per year. This equates to an hourly wage of approximately $54. The salary range for these professionals typically falls between $47,750 and $111,390.
What is the salary difference for New Jersey real estate brokers compared to the national average?
- Real estate brokers in New Jersey earn significantly more than the national average. Their salaries are higher by an impressive 59.0%.
How many real estate brokers are employed in New Jersey?
- There are approximately 1,290 real estate brokers employed in New Jersey. This number reflects the demand for these professionals within the state's real estate market.
What is the typical salary range for a real estate broker in New Jersey?
- In New Jersey, the salary for a real estate broker typically ranges from $47,750 to $111,390 per year. The median salary sits at the upper end of this spectrum at $111,390 annually.