Real Estate Brokers in Michigan
Is Michigan a good place for you to work as a Real Estate Broker?
You’re in luck! Jobs for Real Estate Brokers in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Real Estate Brokers in Michigan is growing slower than average.
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Real Estate Brokers in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Real Estate Brokers Work in Michigan?
In 2018, there were 780 Real Estate Brokers working in the state.
There were 670 Real Estate Brokers employed in this state in 2017.
That’s growth of 110 jobs between 2017 and 2018.
The typical state has 460 Real Estate Brokers working in it, which means Michigan has more Real Estate Brokers than average.
Job Projections for Michigan
Jobs for Real Estate Brokers in this state are growing at a rate of 3.4% which is slower than the nationwide estimated projection of 4.9%.
Michigan Annual Job Openings
The BLS estimates 80 annual job openings, and a total of 920 jobs for Michigan Real Estate Brokers in 2026.
Nationwide, the prediction is 9,300 annual jobs and 100,000 total jobs in 2026.
What do Real Estate Brokers Make in Michigan?
In 2018 wages for Real Estate Brokers ranged from $29,410 to $125,110 with $73,100 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $14.14 to $60.15. The median hourly rate was $35.15.
Workers in this field were paid a median of $26.69 an hour in 2017.
The hourly rate grew by $8.46.
The median salary in Michigan is higher than the nationwide median salary.
Top States for Real Estate Brokers Employment
The table below shows the states 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 MI
You may also be interested in the following careers:
| Occupation | MI 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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