Real Estate Brokers in Minnesota
Is Minnesota a good place for you to work as a Real Estate Broker?
You’re in luck! Jobs for Real Estate Brokers in Minnesota are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Real Estate Brokers in Minnesota is growing slower than average.
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Real Estate Brokers in Minnesota earn higher salaries than the typical U.S. wage earner.
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How Many Real Estate Brokers Work in Minnesota?
There were approximately 540 workers employed as Real Estate Brokers in this state in 2018.
There were 450 Real Estate Brokers employed in this state in 2017.
That’s growth of 90 jobs between 2017 and 2018.
The typical state has 460 Real Estate Brokers working in it, which means Minnesota has more Real Estate Brokers than average.
Job Projections for Minnesota
Jobs for Real Estate Brokers in this state are growing at a rate of 2.5% which is slower than the nationwide estimated projection of 4.9%.
Minnesota Annual Job Openings
The BLS is projecting 110 annual Real Estate Brokers job openings in Minnesota, and 1,220 total jobs in the year 2026.
Nationwide, the prediction is 9,300 annual jobs and 100,000 total jobs in 2026.
What do Real Estate Brokers Make in Minnesota?
In 2018 wages for Real Estate Brokers ranged from $21,710 to $99,480 with $51,840 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $10.44 to $47.83. The median hourly rate was $24.92.
In 2017 the median pay for this field was $34.07 an hour.
The hourly rate declined by $9.15.
The median salary in Minnesota is higher than the nationwide median salary.
Top Minnesota 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 |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 460 | $64,860 |
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 MN
You may also be interested in the following careers:
| Occupation | MN 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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