Real Estate Brokers Salary
Real Estate Brokers in Lansing-East Lansing, MI make a median of $82,490 a year, or about $39.66 an hour. The range runs from $62K at the entry level to $120K for experienced workers. Cost of living is below average (RPP 94.99), which stretches that salary to about $86,841 in buying power. Rent on a 2-bedroom averages $1,268/month, or 24.3% of estimated take-home pay.
So what does $82K get you in Lansing-East Lansing?
Groceries, utilities, transportation, and healthcare scaled from national averages by Lansing-East Lansing’s Regional Price Parity (94.99). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About real estate brokers
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What this looks like in Lansing-East Lansing
Lansing-East Lansing sits well above the national pay line for real estate brokers, local pay runs about 13% higher than the U.S. median of $73K. Housing is manageable: a 2-bedroom at the HUD median costs $1,268/month, 24.2% of take-home, well inside the 30% guideline. Regional Price Parity sits at 94.99 (national = 100), meaning everyday costs run about 5% cheaper here. Your dollar stretches further than the headline salary suggests. Combined with manageable housing costs, Lansing-East Lansing offers a genuinely strong financial position for real estate brokerss at the median.
Compared to nearby metros
Median pay for real estate brokers in metros near Lansing-East Lansing, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Ann Arbor | $70K | $69K |
| Grand Rapids-Wyoming-Kentwood | $58K | $61K |
| Detroit-Warren-Dearborn | $86K | $85K |
| Cleveland | $78K | $83K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Lansing-East Lansing, MI
Entry-level real estate brokers (10th percentile) start around $62K. Mid-career wages sit at $82K. Top earners bring in $120K or more, a $57K spread from bottom to top.
Real Estate Brokers pay across states
Median income ranked highest to lowest, compared to the national figure
View Real Estate Brokers salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New Jersey | $111K | +52% | 1,290 |
| Connecticut | $106K | +44% | N/A |
| Utah | $93K | +27% | N/A |
| Washington | $83K | +13% | N/A |
| Alabama | $83K | +13% | 460 |
| Michigan | $83K | +13% | 1,150 |
| Maryland | $82K | +11% | 430 |
| California | $80K | +10% | 8,430 |
| New Mexico | $80K | +10% | N/A |
| Colorado | $80K | +9% | 3,280 |
| Virginia | $77K | +6% | 1,500 |
| Vermont | $77K | +5% | 80 |
| Indiana | $75K | +2% | 740 |
| Hawaii | $74K | +1% | 160 |
| Arizona | $74K | +1% | 3,790 |
| Arkansas | $74K | +1% | 120 |
| North Dakota | $73K | +0% | 80 |
| Kansas | $70K | -4% | 290 |
| Delaware | $69K | -6% | 100 |
| Florida | $66K | -10% | 3,640 |
| Alaska | $66K | -10% | 100 |
| Ohio | $65K | -12% | N/A |
| Texas | $63K | -13% | 2,040 |
| Montana | $63K | -14% | 400 |
| Oregon | $63K | -14% | 1,670 |
| Illinois | $63K | -15% | 990 |
| Missouri | $62K | -15% | 1,980 |
| Tennessee | $60K | -18% | 540 |
| West Virginia | $59K | -19% | 140 |
| Idaho | $58K | -21% | 380 |
| Maine | $55K | -25% | N/A |
| North Carolina | $53K | -28% | 1,560 |
| New Hampshire | $51K | -30% | 120 |
| Iowa | $50K | -32% | N/A |
| Mississippi | $42K | -43% | 60 |
| Minnesota | $40K | -46% | N/A |
Showing 1–10 of 36 states
BLS does not publish data for every state when sample sizes are too small
Track real estate brokers salary changes
BLS updates this data quarterly. We'll email you when Lansing-East Lansing numbers change.
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Frequently asked questions
Can a real estate broker afford a 2BR apartment alone in Lansing-East Lansing?
Yes — at the median salary of $82K, rent takes 24.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,268/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for real estate brokers in Lansing-East Lansing?
The 10th-percentile wage — what new real estate brokers typically earn — is $62K/year. Take-home on that works out to about $3,740/month. At HUD’s $1,268/month FMR, rent would take 34% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is real estate broker a high-paying job in Lansing-East Lansing?
Local pay is 13% above the national median — $82K here vs. $73K nationally.
How does Lansing-East Lansing compare to the national average for real estate brokers?
Lansing-East Lansing pays $82K median vs. the U.S. average of $73K — that’s +13%. After adjusting for local cost of living (RPP 94.99), the purchasing-power equivalent is $87K — still ahead of the national median.
How much do real estate brokers make in Lansing-East Lansing, MI?
The median is $82,490 a year, that works out to about $40 an hour. But the range is wide: entry-level workers start around $62,340, and experienced real estate brokers can clear $119,590. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $82K enough to live in Lansing-East Lansing?
On that salary, you'd take home roughly $5,243/month after taxes. A 2-bedroom here rents for about $1,268/month, which eats 24.2% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a real estate brokers salary go in Lansing-East Lansing?
Lansing-East Lansing has a Regional Price Parity of 94.99 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median real estate brokers salary is worth about $86,841 in national-average purchasing power.
Where do real estate brokers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.