Average Real Estate Brokers Salary in the United States
The national median salary for Real Estate Brokers is $72,280 per year. The middle 50% earn between $48,200 and $114,220, with 49,590 workers employed nationally.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics survey, May 2024 estimates . Data covers 45 states and 101 metro areas.
Wage range
Pay distribution
Here is how Real Estate Brokers pay is distributed across workers nationally. The 10th percentile typically reflects entry-level or early-career pay, the median is the midpoint, and the 90th percentile represents the top earners in the field.
- 10th
- $36,920
- 25th
- $48,200
- Median
- $72,280
- 75th
- $114,220
- 90th
- $166,730
All values are percentiles of annual wages.
Pay is well above the national median for all US workers. This is an upper-income occupation.
The pay band is unusually wide for this occupation. Experience, employer, and specialization can double or even triple an early-career salary, so what real estate brokers earn depends heavily on where they are in their career and who they work for.
BLS projections
Job outlook
BLS projects employment for real estate brokers from 2024 to 2034. Growth is roughly in line with the US average of about 4% across all occupations.
- Projected growth
- +3.3%
- 3,700 net jobs over the projection period.
- Annual openings
- 9,700
- Includes growth plus replacements for workers who leave. Annual openings are high relative to the workforce size, reflecting meaningful turnover and new-hire volume.
- Typical entry education
- High school diploma or equivalent
- Work experience
- Less than 5 years
A high-school diploma is typically sufficient for entry, with much of the training happening on the job.
Where Real Estate Brokers earn the most
Location matters a lot. The gap between top-paying and bottom-paying states is large, so where real estate brokers work can reshape their total compensation. Right now, the top-paying state is Iowa at $116,920, about 61.8% above the national median. At the metro level, Des Moines-West Des Moines, IA leads with a median of $157,100.
By state
Top-paying states
| State | Median salary | Employment |
|---|---|---|
| Iowa | $116,920 | 740 |
| Massachusetts | $112,180 | N/A |
| New York | $94,170 | N/A |
| New Jersey | $92,890 | N/A |
| Connecticut | $90,910 | N/A |
| Nevada | $86,730 | 310 |
| Maryland | $82,500 | N/A |
| Vermont | $82,270 | N/A |
By metro
Top-paying metros
| Metro area | Median salary | Employment |
|---|---|---|
| Des Moines-West Des Moines, IA | $157,100 | 330 |
| Springfield, MA | $123,090 | N/A |
| Boston-Cambridge-Newton, MA-NH | $108,910 | N/A |
| Vallejo, CA | $106,680 | 50 |
| Boise City, ID | $106,420 | N/A |
| Reno, NV | $105,220 | 120 |
| Myrtle Beach-Conway-North Myrtle Beach, SC | $99,990 | 170 |
| New York-Newark-Jersey City, NY-NJ | $97,500 | N/A |
Compare two locations side by side
Pick two states or metros to see real estate brokers pay in each, along with a cost-of-living adjusted view.
Salary trend and related occupations
Between 2019 and 2024, the national median salary for Real Estate Brokers rose from $59,720 to $72,280, a gain of +21.0% in nominal dollars.
Over the same period, US consumer prices rose by +22.7%. Just to keep pace with inflation, the 2019 median of $59,720 would need to be worth $73,276 in 2024 dollars.
The actual 2024 median of $72,280 is −$996 below that inflation-adjusted benchmark, a real change of -1.4% in purchasing power.
Wages have roughly kept pace with inflation. Nominal pay rose by 21.0%, but inflation absorbed most of it.
- Nominal change
- +21.0%
- 2019–2024
- Cumulative inflation
- +22.7%
- US CPI, 2019–2024
- Real change
- -1.4%
- After adjusting for inflation
Annual history
Median salary over time
Real Estate Brokers median pay by year, going back through the available BLS releases.
- 2019
- $59,720
- 2020
- $60,370
- 2021
- $62,010
- 2022
- $62,190
- 2023
- $63,060
- 2024
- $72,280
Similar jobs
Related occupations
Other occupations in the same field, with median pay for comparison.
- Real Estate Sales Agents
- $56,320
- Models
- $89,990
- Telemarketers
- $34,410
- Sales Engineers
- $121,520
Common salary questions for Real Estate Brokers
What does the median salary mean? +
The median is the midpoint of all wages. Half of Real Estate Brokers workers earn more and half earn less. It is a better measure of typical pay than the average, which can be skewed by very high or very low earners.
Why does pay vary so much by location? +
Local labor markets, cost of living, industry concentration, and employer competition all affect wages. High-cost metros like San Francisco and New York often pay more in nominal terms, though some of that premium is offset by higher living costs.
How current is this salary data? +
This page uses the May 2024 BLS Occupational Employment and Wage Statistics release. BLS publishes OEWS data once per year, typically in the spring for the previous May reference period.
What do the percentile ranges tell me? +
The 10th and 90th percentiles show the full pay band. The 25th to 75th percentile range, the middle 50%, is where most workers fall. A wide spread usually means experience, specialization, or location matter a lot for this occupation.