Real Estate Brokers in Michigan
Want to work in Michigan as a Real Estate Broker? Read this first!
You’re in luck! Jobs for Real Estate Brokers in Michigan are projected to grow and these jobs tend to pay higher than average.
-
Projected employment for Real Estate Brokers in Michigan is growing slower than average.
-
Real Estate Brokers in Michigan earn higher salaries than the typical U.S. wage earner.
Featured schools near , edit
How Many Real Estate Brokers Work in Michigan?
780 people worked as Real Estate Brokers in 2018 in this state.
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.
Workers in this field were paid a median of $26.69 an hour in 2017.
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
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 |
| Indiana | 730 | $73,880 |
| Ohio | 730 | $56,380 |
| 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
You may also be interested in the following careers:
| Occupation | MI Employment Total |
|---|
What Major Will Prepare You For a Real Estate Broker Career?
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.
Featured Schools
You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs.
Visit School
BusinessDegreeCentral.com provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© BusinessDegreeCentral.com – All Rights Reserved.