Real Estate Brokers Salary

It’s a stretch — at the median salary of $111K, rent takes 30.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,067/month. The 30% guideline puts the comfortable ceiling at roughly $2,000/month in rent — so roommates or a 1-bedroom would ease the math significantly.

The 10th-percentile wage — what new real estate brokers typically earn — is $48K/year. Take-home on that works out to about $2,865/month. At HUD’s $2,067/month FMR, rent would take 72% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay is 52% above the national median — $111K here vs. $73K nationally.

New Jersey pays $111K median vs. the U.S. average of $73K — that’s +52%. After adjusting for local cost of living (RPP 99.34), the purchasing-power equivalent is $112K — still ahead of the national median.

The median is $111,390 a year, that works out to about $54 an hour. But the range is wide: entry-level workers start around $47,750, and experienced real estate brokers can clear $111,390. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $6,815/month after taxes. A 2-bedroom here rents for about $2,067/month, which eats 30.3% 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.

New Jersey has a Regional Price Parity of 99.34 (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 $112,130 in national-average purchasing power.

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.