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Real Estate Brokers in Michigan

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Real Estate Brokers in Michigan

Is Michigan a good place for you to work as a Real Estate Broker?

3.4% Jobs Projection
$73,100 Median Salary
80 Job Openings

You’re in luck! Jobs for Real Estate Brokers in Michigan are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Real Estate Brokers in Michigan is growing slower than average.

  • Real Estate Brokers in Michigan earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 460 Real Estate Brokers working in it, which means Michigan has more Real Estate Brokers than average.

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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%.

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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.

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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

You may also be interested in the following careers:

Occupation MI Employment Total

References

More about our data sources and methodologies.

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