Real Estate Brokers Salary in Michigan
SOC 41-9021 · Michigan · BLS OEWS May 2024
The median salary for Real Estate Brokers in Michigan is $58,635 per year ($28.19/hr). This is 18.9% lower than the national median of $72,280. The middle 50% earn between $44,990 and $84,947 annually. Top earners at the 90th percentile reach $199,347.
Wage Percentiles: Michigan
| Percentile | Hourly Rate | Annual Salary | vs National |
|---|---|---|---|
| P10 | $15.14 | $31,491 | -14.7% |
| P25 | $21.63 | $44,990 | -6.6% |
| P50MEDIAN | $28.19 | $58,635 | -18.9% |
| P75 | $40.84 | $84,947 | -25.6% |
| P90 | $95.84 | $199,347 | +19.6% |
Market Context Signal
Retail saw layoffs increase by 72K in February. For professional roles in retail orgs, conditions are more stable than frontline, but the sector is softening.
Frequently Asked Questions
What is the median real estate brokers salary in Michigan?
The median (P50) annual salary for Real Estate Brokers in Michigan is approximately $58,635, based on BLS OEWS May 2024 data adjusted for regional cost factors. This is 18.9% lower than the national median of $72,280.
What is the salary range for entry-level real estate brokers in Michigan?
Entry-level Real Estate Brokers (10th percentile) in Michigan earn approximately $31,491 per year. The 25th percentile is $44,990. Top earners (90th percentile) reach $199,347.
How does Michigan compare to the national average for real estate brokers?
Michigan pays 18.9% lower than the national average. The national P50 is $72,280 vs $58,635 in Michigan. Based on BLS national data adjusted for regional cost factors.
Real Estate Brokers Salary by Location
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