Real Estate Brokers in Tennessee
Considering a career as a Real Estate Broker in Tennessee?
You’re in luck! Jobs for Real Estate Brokers in Tennessee are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Real Estate Brokers in Tennessee is growing faster than average.
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Real Estate Brokers in Tennessee earn higher salaries than the typical U.S. wage earner.
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How Many Real Estate Brokers Work in Tennessee?
In 2018, there were 330 Real Estate Brokers working in the state.
There were 450 Real Estate Brokers employed in this state in 2017.
That’s a decline of 120 jobs between 2017 and 2018.
The typical state has 460 Real Estate Brokers working in it, which means Tennessee has fewer Real Estate Brokers than average.
Job Projections for Tennessee
Jobs for Real Estate Brokers in this state are growing at a rate of 26.3% which is faster than the nationwide estimated projection of 4.9%.
Tennessee Annual Job Openings
The BLS is projecting 150 annual Real Estate Brokers job openings in Tennessee, and 1,440 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 Tennessee?
In 2018 wages for Real Estate Brokers ranged from $21,290 to $103,670 with $80,020 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $10.23 to $49.84. The median hourly rate was $38.47.
In 2017 the median pay for this field was $32.1 an hour.
The hourly rate grew by $6.37.
The median salary in Tennessee is higher than the nationwide median salary.
Top Tennessee 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 |
|---|---|---|
| Memphis, TN-MS-AR | 80 | $54,560 |
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 TN
You may also be interested in the following careers:
| Occupation | TN 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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