How much does a Real Estate Broker make?
The median pay for a Real Estate Broker in the United States is $73,220 per year — about $35.20 per hour. Entry-level positions start near $37,110, while the most experienced Real Estate Brokers in the top 10% earn $143,300.
That is $11,830 more than the median across all occupations in BLS data ($61,390).
Real Estate Broker salary range by percentile
Half of all Real Estate Brokers earn between $46,480 and $103,360 a year.
| Pay level | Annual salary | Hourly rate | |
|---|---|---|---|
| 10th percentile (entry level) | $37,110 | $17.84 | |
| 25th percentile (early career) | $46,480 | $22.35 | |
| 50th percentile (median) | $73,220 | $35.20 | |
| 75th percentile (experienced) | $103,360 | $49.69 | |
| 90th percentile (top earners) | $143,300 | $68.89 |
Highest-paying states for Real Estate Broker
Where you work matters more than almost anything else. New Jersey leads the country for Real Estate Broker pay at $111,390 a year, followed by Connecticut ($105,800) and Utah ($92,830). At the other end, Minnesota posts the lowest median at $39,850 — a gap of $71,540 for the same job, driven by local demand, industry mix, and cost of living.
| # | State | Median salary | Hourly | vs national |
|---|---|---|---|---|
| 1 | New Jersey | $111,390 | $53.55 | +52% |
| 2 | Connecticut | $105,800 | $50.87 | +44% |
| 3 | Utah | $92,830 | $44.63 | +27% |
| 4 | Washington | $82,790 | $39.80 | +13% |
| 5 | Alabama | $82,630 | $39.73 | +13% |
Real Estate Broker salary in every state
Official BLS state-level figures across 36 states and territories. Click a state for the full local breakdown.
Workforce and education
About 46,000 people work as Real Estate Brokers in the United States. The mean (average) wage is $83,950 — above the median, which means high earners pull the average up. On qualifications: no college degree is required — most training happens on the job, per O*NET occupation data.
Frequently asked questions
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