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Broker salary
Average broker salary
$124,861
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?
Broker salary estimates from across the web
Average broker salary by state
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 |
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
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.
- National Average
- Columbus, OH
Broker salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2025 | $125,000 | $60.03 | +1.1% |
| 2024 | $124,000 | $59.38 | +2.5% |
| 2023 | $120,000 | $57.88 | +2.5% |
| 2022 | $117,000 | $56.41 | -0.1% |
| 2021 | $117,000 | $56.47 | -0.1% |
Recently added broker salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Humana | Broker Relationship Executive | Concord, NH | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Salt Lake City, UT | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Urban Honolulu, HI | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Raleigh, NC | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Helena, MT | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Indianapolis, IN | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Augusta, ME | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Little Rock, AR | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Oklahoma City, OK | 12/18/2024 | $47,300 |
| Humana | Broker Relationship Executive | Providence, RI | 12/18/2024 | $47,300 |
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