Real Estate Agent & Real Estate Broker Salaries in All 50 States

Real Estate Agent & Real Estate Broker Salaries in All 50 States

The real estate industry is abundant with job opportunities that are a perfect match for almost anyone interested in following a new career path. A real estate agent and a real estate broker are the two most sought-after careers within the industry. And for good reason! Both careers as an agent and a broker have great potential for growth and have a competitive average salary.

Agents are seldom trapped behind a desk. Their days are filled with building relationships with clients and touring potential homes. They must work beneath a brokerage. Real estate brokers are capable of working independently to sell homes to clients or managing a brokerage and the agents who work for them. Read blog: How Long Is Real Estate School?

There are many differences between real estate agents and real estate brokers. The salary is perhaps one of the most important aspects to consider when choosing a new career. But, with both career paths requiring different state-specific licensing and rules, it is difficult to decipher what each position makes on average per year.

How Much Do Real Estate Agents & Real Estate Brokers Earn?

For this analysis, we used a Bureau of Labor search tool to find the mean annual salary of real estate agents and brokers in each state. Here are the results.

State Agent Broker +/- national average for agents +/- national average for brokers
Alabama $50,300.00 $45,700.00 +3% -23%
Alaska $76,610.00 $66,560.00 +57% +11%
Arizona $38,290.00 $52,830.00 -22% -12%
Arkansas $38,410.00 $50,320.00 -22% -16%
California $59,830.00 $68,390.00 +22% +15%
Colorado $71,880.00 $63,110.00 +47% +6%
Connecticut $66,260.00 $91,871.00 +35% +54%
Delaware $43,250.00 $76,500.00 -12% +28%
Florida $43,670.00 $37,860.00 -11% -37%
Georgia $47,610.00 $64,290.00 -3% +8%
Hawaii $63,850.00 $58,110.00 +30% -3%
Idaho $40,120.00 $52,120.00 -18% -13%
Illinois $30,270.00 $29,860.00 -38% -50%
Indiana $42,490.00 $80,940.00 -13% +36%
Iowa $46,790.00 $91,122.00 -4% +53%
Kansas $38,800.00 $61,620.00 -21% +3%
Kentucky $38,270.00 $72,050.00 -22% +21%
Louisiana $33,930.00 $48,110.00 -31% -19%
Maine $42,060.00 $57,270.00 -14% -4%
Maryland $42,140.00 $69,540.00 -14% +16%
Massachusetts $68,220.00 $68,850.00 +39% +15%
Michigan $53,460.00 $79,730.00 +9% +34%
Minnesota $39,470.00 $407,808.00 -19% +583%
Mississippi $45,110.00 $84,875.00 -8% +42%
Missouri $51,270.00 $33,450.00 +5% -44%
Montana $49,000.00 $102,397.00 0% +71%
Nebraska $41,820.00 $59,850.00 -15% 0%
Nevada $65,350.00 $79,360.00 +34% +33%
New Hampshire $47,310.00 $66,850.00 -3% +12%
New Jersey $54,650.00 $100,482.00 +12% +68%
New Mexico $53,860.00 $102,620.00 +10% +72%
New York $93,100.00 $80,350.00 +90% +35%
North Carolina $39,520.00 $59,820.00 -19% 0%
North Dakota $60,950.00 $142,806.00 +25% +139%
Ohio $37,890.00 $53,570.00 -23% -10%
Oklahoma $40,330.00 $31,440.00 -18% -47%
Oregon $38,560.00 $57,930.00 -21% -3%
Pennsylvania $49,430.00 $85,896.00 +1% +44%
Rhode Island $49,230.00 $97,301.00 +1% +63%
South Carolina $40,880.00 $62,010.00 -16% +4%
South Dakota $59,290.00 $39,270.00 +21% -34%
Tennessee $43,820.00 $75,992.00 -10% +27%
Texas $61,720.00 $72,460.00 +26% +21%
Utah $53,600.00 $48,200.00 +10% -19%
Vermont $56,440.00 $55,300.00 +15% -7%
Virginia $49,060.00 $61,030.00 0% +2%
Washington $58,350.00 $60,560.00 +19% +1%
West Virginia $46,580.00 $86,314.00 -5% +45%
Wisconsin $43,030.00 $72,910.00 -12% +22%
National Average $48,930.00 $59,720.00    

* This data was taken from a search tool that accessed 2019 census data. These numbers are the mean salary of real estate agents and brokers in each state. Connecticut, Iowa, Mississippi, Nebraska, Montana, New Jersey, North Dakota, Pennsylvania, Rhode Island, Tennessee, and West Virginia did not have available census data for the mean salary of real estate brokers in their state. For these states, we used self-reported salaries from ZipRecruiter.com.

Who Makes More Money, a Real Estate Agent or Broker?

According to our analysis, the median national salary for a real estate agent is $48,930.00. For a real estate broker, however, the median national salary is over $10,000 more at $59,720.00. On average, brokers make more annually than agents.

Real estate agent vs broker salary

Where Do Real Estate Agents Make the Most Money?

Rank State Average Salary
1 New York $93,100.00
2 Alaska $76,610.00
3 Colorado $71,880.00
4 Massachusetts $68,220.00
5 Connecticut $66,260.00
6 Nevada $65,350.00
7 Hawaii $63,850.00
8 Texas $61,720.00
9 North Dakota $60,950.00

Where Do Real Estate Agents Make the Least Money?

Rank State Average Salary
50 Illinois $30,270.00
49 Louisiana $33,930.00
48 Ohio $37,890.00
47 Kentucky $38,270.00
46 Arizona $38,290.00
45 Arkansas $38,410.00
44 Oregon $38,560.00
43 Kansas 38,800.00
42 Minnesota $39,470.00

Where Do Real Estate Brokers Make the Most Money?

Rank State Average Salary
1 Minnesota $407,808.00
2 North Dakota $142,806.00
3 New Mexico $102,620.00
4 Montana $102,397.00
5 New Jersey $100,482.00
6 Rhode Island $97,301.00
7 Connecticut $91,871.00
8 Iowa $91,122.00
9 West Virginia $86,314.00

Where Do Real Estate Brokers Make the Least Money?

Rank State Average Salary
50 Illinois $29,860.00
49 Oklahoma $31,440.00
48 Missouri $33,450.00
47 Florida $37,860.00
46 South Dakota $39,270.00
45 Alabama $45,700.00
44 Louisiana $48,110.00
43 Utah $48,200.00
42 Arkansas $50,320.00

Written and Published by: VanEd


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