How Much Real Estate Agents Earn In Every State In 2023

With mortgage charges larger than they’d been within the latest previous, plus excessive house costs and tightening obtainable stock, America’s actual property market has put potential homebuyers in a troublesome spot.

Regardless of all this, housing markets throughout the nation have remained very energetic. And, consequently, actual property brokers and brokers have remained busy. With house costs, on common, significantly larger than in pre-pandemic days, one wonders how a lot actual property brokers and brokers are making today. How a lot cash actual property brokers make per yr relies on a number of components, together with not simply the worth of the house, but in addition the variety of actual property transactions and fee charges.

Utilizing occupational knowledge from the Bureau of Labor Statistics (BLS), we have analyzed and compiled a round-up of the typical actual property agent wage in every U.S. state for 2023.

Learn on for a full breakdown of the place actual property brokers take advantage of cash, and the place they’re making the least.

10 States The place Actual Property Brokers Earn the Most Cash

The nationwide common annual wage of an actual property gross sales agent is $65,850, in keeping with the BLS. That makes the typical actual property agent wage barely larger than the typical annual wage for All Occupations, $61,900. Right here’s a breakdown of the highest 10 states by which actual property brokers earn probably the most:

1. New Hampshire

Actual property agent common wage: $94,810

2. New York

Actual property agent common wage: $93,950

3. New Jersey

Actual property agent common wage: $82,090

4. Colorado

Actual property agent common wage: $79,610

5. Massachusetts

Actual property agent common wage: $79,060

6. California

Actual property agent common wage: $77,430

7. Texas

Actual property agent common wage: $77,320

8. Wyoming

Actual property agent common wage: $74,820

9. Nevada

Actual property agent common wage: $73,990

10. Mississippi

Actual property agent common wage: $72,900

The states that pay actual property brokers probably the most on common are geographically situated within the Northeast, West, and South, with 4 states, 4 states, and two states in every Census-designated area, respectively. What’s actually attention-grabbing is that Mississippi ranks among the many high 10 states the place the typical actual property agent wage per yr is the very best, regardless of the state having the bottom median family revenue of all 50 U.S. states.

10 States The place Actual Property Brokers Earn the Least Cash

Now we transfer to the opposite finish of the spectrum. Right here’s a breakdown of the ten states by which actual property brokers earn the least:

1. Illinois

Actual property agent common wage: $44,510

2. Ohio

Actual property agent common wage: $45,570

3. Louisiana

Actual property agent common wage: $46,690

4. Missouri

Actual property agent common wage: $47,670

5. Idaho

Actual property agent common wage: $49,830

6. New Mexico

Actual property agent common wage: $50,920

7. Kansas

Actual property agent common wage: $52,970

8. Nebraska

Actual property agent common wage: $53,090

9. Delaware

Actual property agent common wage: $53,690

10. Kentucky

Actual property agent common wage: $55,050

This record is dominated by states of the South and Midwest, with two states representing the West — Idaho and New Mexico. The common actual property agent wage in Illinois is over $20,000 lower than the nationwide common: $44,510 versus $65,850.

How A lot Actual Property Brokers Make In Every State

In only one yr, seven states skilled revenue will increase that had been higher than 20% for actual property gross sales brokers:

• New Hampshire annual actual property agent wage development: 95.5%
• Rhode Island annual actual property agent wage development: 41%
• Arkansas annual actual property agent wage development: 30.8%
• Texas annual actual property agent wage development: 30.5%
• Indiana annual actual property agent wage development: 24.7%
• Arizona annual actual property agent wage development: 21.8%
• South Carolina annual actual property agent wage development: 20.8%

Under are all 50 states and their respective common actual property salaries per yr. The states are listed in alphabetical order, however their rating from 1 to 50 (1 being the very best, 50 the worst) by way of pay is included: