What is the average hourly wage for Real Estate Brokers?

The median hourly wage for Real Estate Brokers is $34.63 per hour. This translates to approximately $72,020 per year working full-time.

What states pay Real Estate Brokers the most?

Salaries for Real Estate Brokers vary significantly by location. Use the state-by-state table above to see which states offer the highest median wages for this occupation.

What education is needed to become a real estate broker?

Typical education required: High school diploma.

Real Estate Brokers Salary

Name: Real Estate Brokers Salary Data
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/bls/linksite.htm

Official U.S. Bureau of Labor Statistics Data - May 2024

Median Annual Salary

$72,020

$34.63 / hour

▲ 3% (Average)

Salary Range

$38,171 - $123,874

10th to 90th percentile

Total Employed

73,120

workers nationally

🏛️ Data Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | Updated: Annual | Methodology

Real Estate Brokers Salary by Percentile

$38,171 $123,874

10th pct Median: $72,020 90th pct

Percentile	Annual Salary	Hourly Rate
10th (Entry Level)	$38,171	$18.35
25th Percentile	$51,854	$24.93
50th (Median)	$72,020	$34.63
75th Percentile	$99,388	$47.78
90th (Top Earners)	$123,874	$59.55
Source: U.S. Bureau of Labor Statistics OEWS, May 2024

Top Paying States for Real Estate Brokers

#	State	Median Annual	Median Hourly
1	District of Columbia (DC)	$95,066	$45.70
2	California (CA)	$90,025	$43.28
3	Massachusetts (MA)	$87,864	$42.24
4	New York (NY)	$87,864	$42.24
5	New Jersey (NJ)	$86,424	$41.55
6	Connecticut (CT)	$84,984	$40.86
7	Maryland (MD)	$84,984	$40.86
8	Hawaii (HI)	$82,823	$39.82
9	Alaska (AK)	$80,662	$38.78
10	Washington (WA)	$80,662	$38.78
Source: BLS OEWS May 2024

About Real Estate Brokers

Real Estate Brokers work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the sales sector of the U.S. economy.

Education Requirements

Typical Entry-Level Education: High school diploma

Job Outlook for Real Estate Brokers

Projected Growth

+3%

2022-2032

▲ 3% (Average)

Annual Job Openings

1,718,700

projected annually

Outlook data based on BLS Employment Projections program. Growth rate is projected change in employment 2022-2032.

Frequently Asked Questions

How much do Real Estate Brokers make?

The median annual salary for Real Estate Brokers is $72,020 (BLS OEWS May 2024). Entry-level workers earn around $38,171, while the top 10% earn $123,874 or more.

What is the hourly wage for Real Estate Brokers?

Real Estate Brokers earn a median hourly wage of $34.63 per hour. Working full-time (40 hrs/week, 52 weeks), this equals approximately $72,020 annually.

Is Real Estate Brokers a good-paying career?

With a median salary of $72,020, Real Estate Brokers earns above the U.S. median household income. Job outlook: Average (3% growth, 2022-2032).

What education do Real Estate Brokers need?

Typical entry-level education: High school diploma. Requirements vary by employer and specialization - check with specific employers and BLS OOH for detailed requirements.