Real Estate Brokers Salary
Real Estate Brokers in Milwaukee-Waukesha, WI make a median of $168,320 a year, or about $80.93 an hour. The range runs from $52K at the entry level to $183K for experienced workers. Adjusted for local prices (RPP 96.94), that's roughly $173,633 in purchasing power. Rent on a 2-bedroom averages $1,338/month, or 13.1% of estimated take-home pay.
So what does $168K get you in Milwaukee-Waukesha?
Groceries, utilities, transportation, and healthcare scaled from national averages by Milwaukee-Waukesha’s Regional Price Parity (96.94). 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 Milwaukee-Waukesha
Milwaukee-Waukesha sits well above the national pay line for real estate brokers, local pay runs about 130% higher than the U.S. median of $73K. Housing is manageable: a 2-bedroom at the HUD median costs $1,338/month, 13.6% of take-home, well inside the 30% guideline. Cost of living (RPP 96.94) is near the national average, so spending patterns here track the typical American budget fairly closely. Combined with manageable housing costs, Milwaukee-Waukesha 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 Milwaukee-Waukesha, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Madison | $67K | $69K |
| Ames | $41K | $47K |
| Ann Arbor | $70K | $69K |
| Grand Rapids-Wyoming-Kentwood | $58K | $61K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Milwaukee-Waukesha, WI
Entry-level real estate brokers (10th percentile) start around $52K. Mid-career wages sit at $168K. Top earners bring in $183K or more, a $132K 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 with published data
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 Milwaukee-Waukesha numbers change.
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Frequently asked questions
Can a real estate broker afford a 2BR apartment alone in Milwaukee-Waukesha?
Yes — at the median salary of $168K, rent takes 13.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,338/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for real estate brokers in Milwaukee-Waukesha?
The 10th-percentile wage — what new real estate brokers typically earn — is $52K/year. Take-home on that works out to about $3,094/month. At HUD’s $1,338/month FMR, rent would take 43% 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 Milwaukee-Waukesha?
Local pay is 130% above the national median — $168K here vs. $73K nationally.
How does Milwaukee-Waukesha compare to the national average for real estate brokers?
Milwaukee-Waukesha pays $168K median vs. the U.S. average of $73K — that’s +130%. After adjusting for local cost of living (RPP 96.94), the purchasing-power equivalent is $174K — still ahead of the national median.
How much do real estate brokers make in Milwaukee-Waukesha, WI?
The median is $168,320 a year, that works out to about $81 an hour. But the range is wide: entry-level workers start around $51,570, and experienced real estate brokers can clear $183,190. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $168K enough to live in Milwaukee-Waukesha?
On that salary, you'd take home roughly $9,827/month after taxes. A 2-bedroom here rents for about $1,338/month, which eats 13.6% 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 Milwaukee-Waukesha?
Milwaukee-Waukesha has a Regional Price Parity of 96.94 (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 $173,633 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.