Real Estate Broker Salary in Minnesota
Median annual pay in Minnesota
$39,850
$19.16/hour
BLS OEWS, May 2025
Adjusted for cost of living in Minnesota
$40,407
Regional Price Parity: 98.621 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($73,220): −$33,370 (−45.6%)
Minnesota ranks 36th of 36 states by median pay, and 36th of 36 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $36,190 | $17.40 |
| 25th percentile | $39,660 | $19.07 |
| Median | $39,850 | $19.16 |
| 75th percentile | $92,770 | $44.60 |
| 90th percentile | $146,130 | $70.26 |
Employment
- Employment in Minnesota
- Not published
BLS does not publish this figure for Minnesota.
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Comparison
Compared with the U.S.
- Median annual pay in Minnesota
- $39,850
- Median annual pay in the U.S.
- $73,220
- Difference
- −$33,370 (−45.6%)
Cost of living
$39,850 ÷ 98.621 × 100 = $40,407
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| Iowa | ||
| 34th | $50,140 | $57,132 31st |
| Mississippi | ||
| 35th | $41,690 | $47,945 35th |
| Minnesota This page | ||
| 36th | $39,850 | $40,407 36th |
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 Minnesota
$95,170/year Minnesota
- Buyer and Purchasing Agent salary in the U.S.
$77,710/year U.S.
- Sales Manager salary in Minnesota
$151,670/year Minnesota
- 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 Iowa
$50,140/year Iowa
- Real Estate Broker salary in Michigan
$82,510/year Michigan
- Real Estate Broker salary in North Dakota
$73,300/year North Dakota
- 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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