Real Estate Broker Salary in Michigan
Median annual pay in Michigan
$82,510
$39.67/hour
BLS OEWS, May 2025
Adjusted for cost of living in Michigan
$85,754
Regional Price Parity: 96.217 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($73,220): +$9,290 (+12.7%)
Michigan ranks 6th of 36 states by median pay, and 6th of 36 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $43,990 | $21.15 |
| 25th percentile | $64,680 | $31.10 |
| Median | $82,510 | $39.67 |
| 75th percentile | $111,770 | $53.74 |
| 90th percentile | $118,680 | $57.06 |
Employment
- Employment in Michigan
- 1,150
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Comparison
Compared with the U.S.
- Median annual pay in Michigan
- $82,510
- Median annual pay in the U.S.
- $73,220
- Difference
- +$9,290 (+12.7%)
Cost of living
$82,510 ÷ 96.217 × 100 = $85,754
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| Washington | ||
| 4th | $82,790 | $77,364 14th |
| Alabama | ||
| 5th | $82,630 | $93,028 4th |
| Michigan This page | ||
| 6th | $82,510 | $85,754 6th |
| Maryland | ||
| 7th | $81,550 | $77,697 12th |
| California | ||
| 8th | $80,450 | $72,661 17th |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Real Estate Sales Agent salary in the U.S.
$52,830/year U.S.
- Securities, Commodities, and Financial Services Sales Agent salary in the U.S.
$78,660/year U.S.
- Loan Officer salary in Michigan
$74,470/year Michigan
- Buyer and Purchasing Agent salary in the U.S.
$77,710/year U.S.
- Sales Manager salary in Michigan
$136,870/year Michigan
- Insurance Sales Agent salary in the U.S.
$62,280/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +0.8%
- Typical education needed for entry (U.S.)
- High school diploma or equivalent
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Real Estate Broker salary in nearby places
- Real Estate Broker salary in Illinois
$62,540/year Illinois
- Real Estate Broker salary in Indiana
$75,000/year Indiana
- Real Estate Broker salary in Minnesota
$39,850/year Minnesota
- Real Estate Broker salary in Ohio
$64,510/year Ohio
- Real Estate Broker salary in the U.S.
$73,220/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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