How much does a Real Estate Brokers make in Michigan?
Last updated: 2024 data from the Bureau of Labor Statistics
Operate real estate office, or work for commercial real estate firm, overseeing real estate transactions. Other duties usually include selling real estate or renting properties and arranging loans.
Source: O*NET OnLine, U.S. Department of Labor
Salaries for Real Estate Brokers in Michigan range from $31,490 at the 10th percentile (entry level) to $199,340 at the 90th percentile (experienced). The middle 50% earn between $44,990 and $84,940.
| Percentile | Annual Salary | Hourly Rate | Monthly |
|---|---|---|---|
| 10th Percentile (Entry Level) | $31,490 | $15.14 | $2,624 |
| 25th Percentile | $44,990 | $21.63 | $3,749 |
| Median (50th) | $58,640 | $28.19 | $4,886 |
| 75th Percentile | $84,940 | $40.84 | $7,078 |
| 90th Percentile (Experienced) | $199,340 | $95.84 | $16,611 |
Note: The mean (average) salary of $82,620 differs from the median because salary distributions are typically skewed by high earners.
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What does this salary really buy? See Real Estate Brokers salary in Michigan adjusted for cost of living →
Compare Real Estate Brokers pay across states — sorted by highest median salary.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
Our Methodology · Data Sources · Source: BLS OEWS