Real Estate Brokers in Maryland
Considering a career as a Real Estate Broker in Maryland?
You’re in luck! Jobs for Real Estate Brokers in Maryland are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Real Estate Brokers in Maryland is growing slower than average.
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Real Estate Brokers in Maryland earn higher salaries than the typical U.S. wage earner.
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How Many Real Estate Brokers Work in Maryland?
In Maryland, there were 720 people working as Real Estate Brokers in the year 2018.
There were 830 Real Estate Brokers employed in this state in 2017.
That’s a decline of 110 jobs between 2017 and 2018.
The typical state has 460 Real Estate Brokers working in it, which means Maryland has more Real Estate Brokers than average.
Job Projections for Maryland
Jobs for Real Estate Brokers in this state are growing at a rate of 4.2% which is slower than the nationwide estimated projection of 4.9%.
Maryland Annual Job Openings
The BLS estimates there will be 50 annual job openings, and 1,230 total jobs in 2026 for Real Estate Brokers in this state.
Nationwide, the prediction is 9,300 annual jobs and 100,000 total jobs in 2026.
What do Real Estate Brokers Make in Maryland?
In 2018 wages for Real Estate Brokers ranged from $36,510 to $164,040 with $73,060 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $17.55 to $78.86. The median hourly rate was $35.13.
Workers in this field were paid a median of $31.72 an hour in 2017.
The hourly rate grew by $3.41.
The median salary in Maryland is higher than the nationwide median salary.
Top Maryland Metros for Real Estate Brokers
The table below shows some of the metros in this state with the most Real Estate Brokers.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 1,100 | $85,060 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | 600 | n/a |
| Baltimore-Columbia-Towson, MD | 470 | $63,380 |
Top States for Real Estate Brokers Employment
View the list below to see where most Real Estate Brokers work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| California | 5,700 | $56,500 |
| North Carolina | 3,700 | $39,890 |
| Florida | 3,010 | $49,080 |
| Colorado | 2,900 | $57,100 |
| Texas | 2,170 | $78,020 |
| Illinois | 1,780 | $51,920 |
| Missouri | 1,760 | $36,180 |
| Arizona | 1,730 | $58,010 |
| New York | 1,550 | $68,760 |
| Virginia | 1,510 | $74,480 |
| Oregon | 1,500 | $57,800 |
| South Carolina | 1,100 | $59,160 |
| Massachusetts | 900 | $0 |
| Pennsylvania | 840 | $0 |
| Michigan | 780 | $73,100 |
| Ohio | 730 | $56,380 |
| Indiana | 730 | $73,880 |
| Maryland | 720 | $73,060 |
| Georgia | 710 | $51,650 |
| Washington | 610 | $61,050 |
Below are the states where Real Estate Brokers get paid the most:
| State | Annual Median Salary |
|---|---|
| Tennessee | $80,020 |
| Connecticut | $78,080 |
| Texas | $78,020 |
| Virginia | $74,480 |
| Wisconsin | $74,140 |
| Indiana | $73,880 |
| Delaware | $73,400 |
| Alaska | $73,260 |
| Michigan | $73,100 |
| Maryland | $73,060 |
Related Careers in MD
Discover similar careers:
| Occupation | MD Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Godrej Mamurdi Pune under License
More about our data sources and methodologies.
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