Real Estate Brokers Salary

Yes — at the median salary of $65K, rent takes 27.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,188/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new real estate brokers typically earn — is $42K/year. Take-home on that works out to about $2,543/month. At HUD’s $1,188/month FMR, rent would take 47% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay runs 12% below the national median — $65K here vs. $73K nationally. Cost of living is 9% below the national average, which narrows that gap in real purchasing power.

Ohio pays $65K median vs. the U.S. average of $73K — that’s -12%. After adjusting for local cost of living (RPP 91.45), the purchasing-power equivalent is $71K — below the national median.

The median is $64,510 a year, that works out to about $31 an hour. But the range is wide: entry-level workers start around $42,390, and experienced real estate brokers can clear $125,840. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $4,391/month after taxes. A 2-bedroom here rents for about $1,188/month, which eats 27.1% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Ohio has a Regional Price Parity of 91.45 (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 $70,541 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.