Real Estate Brokers Salary
Real Estate Brokers in New Mexico make a median of $80,340 a year, or about $38.63 an hour. The range runs from $61K at the entry level to $155K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $86,331 in buying power. Rent on a 2-bedroom averages $1,119/month, or 22% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New Mexico. Jump to a metro for precise data:
So what does $80K get you in New Mexico?
About real estate brokers
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in New Mexico
Real estate brokers pay in New Mexico tracks closely to the national median, $80K locally vs. $73K nationwide, a 10% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,119/month, 21.7% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.06 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level real estate brokers (10th percentile) start around $61K. Mid-career wages sit at $80K. Top earners bring in $155K or more, a $93K spread from bottom to top.
Real Estate Brokers salary by metro in New Mexico
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Albuquerque | $80K | +0% | N/A |
Compare to other states
Track real estate brokers salary changes
BLS updates this data quarterly. We'll email you when New Mexico numbers change.
Related careers in Sales
Frequently asked questions
Can a real estate broker afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $80K, rent takes 21.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for real estate brokers in New Mexico?
The 10th-percentile wage — what new real estate brokers typically earn — is $61K/year. Take-home on that works out to about $3,682/month. At HUD’s $1,119/month FMR, rent would take 30% of that take-home — manageable on an entry-level income.
Is real estate broker a high-paying job in New Mexico?
Pay here is roughly in line with the national average — $80K locally vs. $73K nationally, a 10% difference.
How does New Mexico compare to the national average for real estate brokers?
New Mexico pays $80K median vs. the U.S. average of $73K — that’s +10%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $86K — still ahead of the national median.
How much do real estate brokers make in New Mexico?
The median is $80,340 a year, that works out to about $39 an hour. But the range is wide: entry-level workers start around $61,360, and experienced real estate brokers can clear $154,620. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $80K enough to live in New Mexico?
On that salary, you'd take home roughly $5,164/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 21.7% 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 New Mexico?
New Mexico has a Regional Price Parity of 93.06 (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 $86,331 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.