Average broker salary
$124,861
$60.03 hourly rate
Entry-level broker salary
$68,000 yearly salary
Updated April 5, 2024
How much does a broker make?
The average broker salary in the United States is $124,861. Broker salaries typically range between $68,000 and $227,000 yearly. The average hourly rate for brokers is $60.03 per hour. Broker salary is impacted by location, education, and experience. Brokers earn the highest average salary in New York.
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Where can a Broker earn more?
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Child Guidance & Family Solutions$202,299
Jewish Family Service of Western Massachusetts$162,572
Broker salary estimates from across the web
Based on the latest salary information compiled by Zippia, Indeed and Glassdoor, the average salary for a broker typically falls between $79,188 and $145,963.
Average broker salary by state
The highest-paying states for brokers are New York, Virginia, and Arizona. The lowest average broker salary states are Iowa, Kansas, and Wyoming.
- State View
- County View
Average Salary:
Highest paying states for brokers
| Rank | State | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York | $154,924 | $74.48 |
| 2 | Arizona | $137,645 | $66.18 |
| 3 | North Carolina | $131,867 | $63.40 |
| 4 | Virginia | $140,118 | $67.36 |
| 5 | Maine | $120,451 | $57.91 |
| 6 | Rhode Island | $126,566 | $60.85 |
| 7 | Connecticut | $127,083 | $61.10 |
| 8 | Nevada | $121,308 | $58.32 |
| 9 | Kentucky | $116,149 | $55.84 |
| 10 | Texas | $118,053 | $56.76 |
| 11 | Delaware | $127,633 | $61.36 |
| 12 | West Virginia | $124,316 | $59.77 |
| 13 | Indiana | $116,220 | $55.88 |
| 14 | New Jersey | $122,194 | $58.75 |
| 15 | Pennsylvania | $114,022 | $54.82 |
| 16 | District of Columbia | $126,144 | $60.65 |
| 17 | New Hampshire | $121,645 | $58.48 |
| 18 | Washington | $123,961 | $59.60 |
| 19 | Wisconsin | $116,671 | $56.09 |
| 20 | Maryland | $125,717 | $60.44 |
| 21 | Ohio | $109,285 | $52.54 |
| 22 | Vermont | $120,466 | $57.92 |
| 23 | Michigan | $113,730 | $54.68 |
| 24 | Louisiana | $113,386 | $54.51 |
| 25 | New Mexico | $116,843 | $56.17 |
| 26 | Arkansas | $108,798 | $52.31 |
| 27 | Utah | $110,473 | $53.11 |
| 28 | Tennessee | $104,327 | $50.16 |
| 29 | Minnesota | $111,140 | $53.43 |
| 30 | Alabama | $108,306 | $52.07 |
| 31 | Massachusetts | $111,454 | $53.58 |
| 32 | Colorado | $102,163 | $49.12 |
| 33 | South Carolina | $111,074 | $53.40 |
| 34 | Idaho | $110,712 | $53.23 |
| 35 | California | $104,287 | $50.14 |
| 36 | Mississippi | $108,124 | $51.98 |
| 37 | Hawaii | $94,995 | $45.67 |
| 38 | Nebraska | $100,023 | $48.09 |
| 39 | North Dakota | $106,397 | $51.15 |
| 40 | Georgia | $92,004 | $44.23 |
| 41 | South Dakota | $101,234 | $48.67 |
| 42 | Florida | $71,518 | $34.38 |
| 43 | Oklahoma | $89,436 | $43.00 |
| 44 | Illinois | $66,734 | $32.08 |
| 45 | Montana | $96,923 | $46.60 |
| 46 | Missouri | $64,868 | $31.19 |
| 47 | Oregon | $89,989 | $43.26 |
| 48 | Alaska | $96,773 | $46.53 |
| 49 | Kansas | $79,918 | $38.42 |
| 50 | Iowa | $83,457 | $40.12 |
| 51 | Wyoming | $71,796 | $34.52 |
Top broker jobs near you
Highest paying cities for brokers
The highest-paying cities for brokers are New York, NY, Arlington, VA, and Raleigh, NC.
| Rank | City | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York, NY | $184,005 | $88.46 |
| 2 | Arlington, VA | $159,618 | $76.74 |
| 3 | Raleigh, NC | $150,112 | $72.17 |
| 4 | Scottsdale, AZ | $146,642 | $70.50 |
| 5 | Stamford, CT | $137,079 | $65.90 |
| 6 | Portland, ME | $134,787 | $64.80 |
| 7 | Jersey City, NJ | $129,445 | $62.23 |
| 8 | Seattle, WA | $127,392 | $61.25 |
| 9 | Austin, TX | $126,809 | $60.97 |
| 10 | Las Vegas, NV | $125,307 | $60.24 |
| 11 | Philadelphia, PA | $120,159 | $57.77 |
| 12 | Lansing, MI | $118,323 | $56.89 |
| 13 | Akron, OH | $117,255 | $56.37 |
| 14 | Boston, MA | $116,926 | $56.21 |
| 15 | Minneapolis, MN | $116,010 | $55.77 |
| 16 | Sandy, UT | $112,278 | $53.98 |
| 17 | Bentonville, AR | $111,707 | $53.71 |
| 18 | Colorado Springs, CO | $106,262 | $51.09 |
| 19 | San Francisco, CA | $106,135 | $51.03 |
| 20 | Atlanta, GA | $92,919 | $44.67 |
Broker salary details
A broker's salary ranges from $68,000 a year at the 10th percentile to $227,000 at the 90th percentile.
What is a broker's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $227,000 | $18,917 | $109 |
| 75th Percentile | $171,000 | $14,250 | $82 |
| Average | $124,861 | $10,405 | $60 |
| 25th Percentile | $91,000 | $7,583 | $44 |
| 10th Percentile | $68,000 | $5,667 | $33 |
Highest paying broker jobs
The highest paying types of brokers are insurance broker, real estate broker associate, and real estate broker.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Licensed Agent | $42,315 | $3,526 | $20.34 | 68,666 |
| Real Estate Sales Supervisor | $44,321 | $3,693 | $21.31 | 19,785 |
| Real Estate Closer | $38,896 | $3,241 | $18.70 | 20,016 |
| Marketing Representative | $47,377 | $3,948 | $22.78 | 217,886 |
| Real Estate Broker | $80,250 | $6,687 | $38.58 | 19,151 |
| Insurance Broker | $94,006 | $7,834 | $45.20 | 38,403 |
Top companies hiring brokers now:
Which companies pay brokers the most?
Broker salaries at Child Guidance & Family Solutions and Enlace Chicago are the highest-paying according to our most recent salary estimates. In addition, the average broker salary at companies like Orpine and Hewlett Packard Enterprise are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Child Guidance & Family Solutions | $202,299 | $97.26 |
| 2 | Enlace Chicago | $184,889 | $88.89 |
| 3 | Orpine | $183,634 | $88.29 |
| 4 | Hewlett Packard Enterprise | $168,379 | $80.95 |
| 5 | Cumberland River Behavioral Health, Inc. | $166,909 | $80.24 |
| 6 | Guy Carpenter | $166,365 | $79.98 |
| 7 | Tullett Prebon | $165,201 | $79.42 |
| 8 | Marsh & McLennan Companies | $164,715 | $79.19 |
| 9 | AIG | $164,331 | $79.01 |
| 10 | CB Richard Ellis Memphis LLC | $164,275 | $78.98 |
| 11 | IMC Inc | $164,275 | $78.98 |
| 12 | OfferPad | $164,275 | $78.98 |
| 13 | KPI OceanConnect | $164,275 | $78.98 |
| 14 | H.M. Brown & Associates | $164,247 | $78.96 |
| 15 | Transworld Business Advisors | $164,200 | $78.94 |
| 16 | *n/a* | $164,154 | $78.92 |
| 17 | Cain and Abel | $163,637 | $78.67 |
| 18 | Charlie's Produce | $163,512 | $78.61 |
| 19 | Strategic Systems International | $162,879 | $78.31 |
| 20 | Jewish Family Service of Western Massachusetts | $162,572 | $78.16 |
Wage gap by gender, race and education
$126,000$123,600$121,200$118,800$116,400$114,000
MaleFemale
Broker salary trends
The average broker salary has risen by $2,130 over the last ten years. In 2014, the average broker earned $122,731 annually, but today, they earn $124,861 a year. That works out to a 6% change in pay for brokers over the last decade.
Compare broker salaries for cities or states with the national average over time.
Average broker salary over time
Compare broker salaries for individual cities or states with the national average.
Broker salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2024 | $125,000 | $60.03 | +1.1% |
| 2023 | $124,000 | $59.38 | +2.5% |
| 2022 | $120,000 | $57.88 | +2.5% |
| 2021 | $117,000 | $56.41 | -0.1% |
| 2020 | $117,000 | $56.47 | -0.1% |
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Recently added broker salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| KAG | Broker | Canton, OH | 07/04/2023 | $45,000 |
| KAG | Broker | Lafayette, LA | 07/04/2023 | $45,000 |
| Accesscny Inc. | Self Direction Broker-Madison/Oneida Counties | Syracuse, NY | 06/30/2023 | $45,037 |
| Cantor Fitzgerald | Junior Broker | New York, NY | 06/29/2023 | $55,000 |
| Extra Space Storage | SR. Sales Broker | Long Beach, NY | 06/29/2023 | $110,625 |
| Aon Corporation | Property Broker | San Francisco, CA | 06/29/2023 | $80,000 |
| Retirement Education Spec In St. Louis, Missouri | Broker Dealer Counselor (Remote | Des Moines, IA | 06/29/2023 | $37,420 |
| H.M. Brown & Associates | Automotive Sales, Broker Colorado | Colorado Springs, CO | 06/28/2023 | $80,000 |
| Principal Financial Group | Broker Dealer Counselor (Remote | Des Moines, IA | 06/27/2023 | $37,420 |
| Giving Tree Realty | Professional Brokers for Growing Firm | North Charleston, SC | 06/27/2023 | $50,000 |
Show more
Broker salary FAQs
What state pays Brokers the most?
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Updated April 5, 2024
