PHOTO: Real estate agents and real estate brokers, on average, earn higher salaries than the national
GETTYLast year, we took a look at how much real estate agents earn on average in all 50 states based on data from the Bureau of Labor Statistics’ (BLS) 2018 Occupational Employment Statistics data. Now, in 2020, the BLS has updated salary figures for both real estate agents and real estate brokers. Based on the latest BLS data, the average real estate agent annual wage in the United States is $62,060, while the average annual wage for real estate brokers is $81,450.
These two occupations inevitably have very different salaries depending on where you’re working. From state to state, the average salaries for real estate agents and real estate brokers can vary significantly. For example, while the national average annual wage for real estate agents is just over $60,000, in the top-earning state for real estate agents, the average salary is $111,800, which is close to double the national average. Read on to find out where real estate agents and brokers earn the most money and where they earn the least.
10 States Where Real Estate Agents and Real Estate Brokers Earn The Most Money
When comparing the highest-paying states for real estate agents versus real estate brokers, there are only three states that are among the top-10 states for both occupations. The other seven states where real estate agents earn the most are different than the ones where real estate brokers earn the most. Here’s a closer look at where real estate agent salaries are the highest.
10 States Where Real Estate Agents Earn The Most Money
Here’s a breakdown of the top-10 states in which real estate agents earn the most money on average:
- New York average real estate agent salary: $111,800
- Massachusetts average real estate agent salary: $84,180
- Connecticut average real estate agent salary: $79,780
- Alaska average real estate agent salary: $79,360
- Colorado average real estate agent salary: $76,850
- Utah average real estate agent salary: $75,170
- California average real estate agent salary: $74,140
- Texas average real estate agent salary: $72,830
- Wyoming average real estate agent salary: $71,460
- Hawaii average real estate agent salary: $71,140
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