New Jersey Median
$111,390
per year
Hourly Rate
$53.55
based on 2,080 hrs/yr
vs National
+52% vs US median
US median $73,220
State Rank
#1 of 36
1,290 employed here
How much does a Real Estate Broker make in New Jersey?
Real Estate Brokers in New Jersey take home a median of $111,390 annually — roughly $53.55 an hour — which runs 52% above the national median of $73,220.
Within New Jersey, entry-level pay starts around $47,750 while the top 10% make $111,390 or more. The middle 50% of earners fall between $100,500 and $111,390 a year.
Real Estate Broker salary range in New Jersey
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $47,750 | $22.96 |
|
| 25th percentile (early career) | $100,500 | $48.32 |
|
| 50th percentile (median) | $111,390 | $53.55 |
|
| 75th percentile (experienced) | $111,390 | $53.55 |
|
| 90th percentile (top earners) | $111,390 | $53.55 |
|
How New Jersey compares
New Jersey ranks 1st out of 36 states and territories for Real Estate Broker pay. The top 5 best-paying states:
Real Estate Broker salary in other states
Connecticut $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 $41,690Minnesota $39,850
Working as a Real Estate Broker in New Jersey
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 New Jersey pay ($111,390) 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 New Jersey?
The median Real Estate Broker salary in New Jersey is $111,390 per year, or about $53.55 per hour, per official BLS state wage estimates. Salaries typically range from $47,750 at the entry level to $111,390 for the top 10% of earners.
How does New Jersey pay compare to the national average?
New Jersey pays Real Estate Brokers about 52% more than the national median of $73,220. New Jersey ranks 1st out of 36 states and territories reporting this occupation.
Is New Jersey a good state for Real Estate Brokers?
Yes on pay — New Jersey pays above the national median for this occupation, at $111,390 a year. About 1,290 Real Estate Brokers are employed in New Jersey. Weigh that against local housing and living costs before moving.
What are the highest-paying jobs in New Jersey?
The highest-paying occupations in New Jersey include Radiologist ($482,700), Surgeon, All Other ($437,890), Physician, Pathologists ($355,970), based on median annual pay in official BLS state estimates.
← See the national Real Estate Broker salary report
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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.