Minnesota Median
$39,850
per year
Hourly Rate
$19.16
based on 2,080 hrs/yr
vs National
-46% vs US median
US median $73,220
State Rank
#36 of 36
state estimate
How much does a Real Estate Broker make in Minnesota?
A Real Estate Broker working in Minnesota earns a median salary of $39,850 per year, or about $19.16 per hour. That is 46% below the national median of $73,220 for this occupation.
Within Minnesota, entry-level pay starts around $36,190 while the top 10% make $146,130 or more. The middle 50% of earners fall between $39,660 and $92,770 a year.
Real Estate Broker salary range in Minnesota
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $36,190 | $17.40 |
|
| 25th percentile (early career) | $39,660 | $19.07 |
|
| 50th percentile (median) | $39,850 | $19.16 |
|
| 75th percentile (experienced) | $92,770 | $44.60 |
|
| 90th percentile (top earners) | $146,130 | $70.25 |
|
How Minnesota compares
Minnesota ranks 36th out of 36 states and territories for Real Estate Broker pay. The top 5 best-paying states:
Real Estate Broker salary in other states
New Jersey $111,390Connecticut $105,800Utah $92,830Washington $82,790Alabama $82,630Michigan $82,510Maryland $81,550California $80,450New Mexico $80,340Colorado $79,970Virginia $77,270Vermont $76,920Indiana $75,000Hawaii $74,310Arizona $74,260Arkansas $73,800North Dakota $73,300Kansas $69,990Delaware $68,690Florida $66,010Alaska $65,820Ohio $64,510Texas $63,390Montana $63,240Oregon $63,070Illinois $62,540Missouri $62,280Tennessee $60,150West Virginia $58,960Idaho $57,660Maine $55,280North Carolina $52,830New Hampshire $51,490Iowa $50,140Mississippi $41,690
Working as a Real Estate Broker in Minnesota
Nationally, about 46,000 people work as Real Estate Brokers in the United States. No college degree is required — most training happens on the job.
Considering a move? Compare Minnesota pay ($39,850) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Real Estate Broker make in Minnesota?
The median Real Estate Broker salary in Minnesota is $39,850 per year, or about $19.16 per hour, per official BLS state wage estimates. Salaries typically range from $36,190 at the entry level to $146,130 for the top 10% of earners.
How does Minnesota pay compare to the national average?
Minnesota pays Real Estate Brokers about 46% less than the national median of $73,220. Minnesota ranks 36th out of 36 states and territories reporting this occupation.
Is Minnesota a good state for Real Estate Brokers?
Pay runs below the national median here, at $39,850 a year. A lower cost of living can offset the smaller paycheck, so compare take-home value, not just salary.
What are the highest-paying jobs in Minnesota?
The highest-paying occupations in Minnesota include Radiologist ($708,340), Dermatologist ($625,790), Surgeon, All Other ($568,150), based on median annual pay in official BLS state estimates.
← See the national Real Estate Broker salary report
Related salaries
$62,280
median pay · 479,000 employed
$50,160
median pay · 55,000 employed
$72,080
median pay · 1,238,000 employed
$64,820
median pay · 92,000 employed
$87,520
median pay · 214,000 employed
$48,280
median pay · 93,000 employed
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.