Real Estate Brokers Salary
Real Estate Brokers in Mississippi make a median of $41,690 a year, or about $20.05 an hour. The range runs from $30K at the entry level to $101K for experienced workers. Cost of living is below average (RPP 88.9), which stretches that salary to about $46,895 in buying power. A 2-bedroom apartment runs $1,077/month, about 37.9% of take-home, which is tight.
Statewide average. This is an aggregate across all of Mississippi. BLS does not publish metro-level data for this occupation in this state.
So what does $42K get you in Mississippi?
About real estate brokers
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What this looks like in Mississippi
Pay for real estate brokers in Mississippi runs about 43% below the U.S. median of $73K. The catch: housing math doesn't keep up. A 2-bedroom at the HUD median rents for $1,077/month, which is 38.5% of the median worker's take-home, past the 30% guideline most planners use. Regional Price Parity sits at 88.9 (national = 100), meaning everyday costs run about 11% cheaper here. Your dollar stretches further than the headline salary suggests. That combination, below-market pay with high housing costs, makes this a financially demanding market for real estate brokerss.
Compensation breakdown
Annual earnings by percentile, Mississippi
Entry-level real estate brokers (10th percentile) start around $30K. Mid-career wages sit at $42K. Top earners bring in $101K or more, a $70K spread from bottom to top.
Compare to other states
Track real estate brokers salary changes
BLS updates this data quarterly. We'll email you when Mississippi numbers change.
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Frequently asked questions
Can a real estate broker afford a 2BR apartment alone in Mississippi?
It’s a stretch — at the median salary of $42K, rent takes 38.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,077/month. The 30% guideline puts the comfortable ceiling at roughly $800/month in rent — so roommates or a 1-bedroom would ease the math significantly.
What’s the entry-level salary for real estate brokers in Mississippi?
The 10th-percentile wage — what new real estate brokers typically earn — is $30K/year. Take-home on that works out to about $1,828/month. At HUD’s $1,077/month FMR, rent would take 59% 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 Mississippi?
Local pay runs 43% below the national median — $42K here vs. $73K nationally. Cost of living is 11% below the national average, which narrows that gap in real purchasing power.
How does Mississippi compare to the national average for real estate brokers?
Mississippi pays $42K median vs. the U.S. average of $73K — that’s -43%. After adjusting for local cost of living (RPP 88.9), the purchasing-power equivalent is $47K — below the national median.
How much do real estate brokers make in Mississippi?
The median is $41,690 a year, that works out to about $20 an hour. But the range is wide: entry-level workers start around $30,470, and experienced real estate brokers can clear $100,910. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $42K enough to live in Mississippi?
On that salary, you'd take home roughly $2,798/month after taxes. A 2-bedroom here rents for about $1,077/month, which eats 38.5% of your paycheck. That's above the 30% rule of thumb, housing will be a stretch at the median salary, though you can manage with roommates or a smaller place.
How far does a real estate brokers salary go in Mississippi?
Mississippi has a Regional Price Parity of 88.9 (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 $46,895 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.