Real Estate Brokers in Michigan
Considering a career as a Real Estate Broker in Michigan?
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?
There were approximately 780 workers employed as Real Estate Brokers in this state in 2018.
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 there will be 80 annual job openings, and 920 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 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.
In 2017 the median pay for this field was $26.69 an hour.
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
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 MI
Discover similar 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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