Real Estate Brokers Salary
Real Estate Brokers in Richmond, VA make a median of $75,300 a year, or about $36.2 an hour. The range runs from $52K at the entry level to $159K for experienced workers. Adjusted for local prices (RPP 97.86), that's roughly $76,947 in purchasing power. A 2-bedroom apartment runs $1,655/month, about 33.4% of take-home, which is tight.
So what does $75K get you in Richmond?
Groceries, utilities, transportation, and healthcare scaled from national averages by Richmond’s Regional Price Parity (97.86). 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 Richmond
Real estate brokers pay in Richmond tracks closely to the national median, $75K locally vs. $73K nationwide, a 3% difference. Rent runs $1,655/month for a 2-bedroom (HUD FMR), taking 34.5% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 97.86) is near the national average, so spending patterns here track the typical American budget fairly closely. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compared to nearby metros
Median pay for real estate brokers in metros near Richmond, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Harrisonburg | $85K | $89K |
| Virginia Beach-Chesapeake-Norfolk | $71K | $72K |
| Durham-Chapel Hill | $124K | $127K |
| Washington-Arlington-Alexandria | $88K | $81K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Richmond, VA
Entry-level real estate brokers (10th percentile) start around $52K. Mid-career wages sit at $75K. Top earners bring in $159K or more, a $108K 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 Richmond numbers change.
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Frequently asked questions
Can a real estate broker afford a 2BR apartment alone in Richmond?
It’s a stretch — at the median salary of $75K, rent takes 34.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,655/month. The 30% guideline puts the comfortable ceiling at roughly $1,400/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 Richmond?
The 10th-percentile wage — what new real estate brokers typically earn — is $52K/year. Take-home on that works out to about $3,092/month. At HUD’s $1,655/month FMR, rent would take 54% 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 Richmond?
Pay here is roughly in line with the national average — $75K locally vs. $73K nationally, a 3% difference.
How does Richmond compare to the national average for real estate brokers?
Richmond pays $75K median vs. the U.S. average of $73K — that’s +3%. After adjusting for local cost of living (RPP 97.86), the purchasing-power equivalent is $77K — still ahead of the national median.
How much do real estate brokers make in Richmond, VA?
The median is $75,300 a year, that works out to about $36 an hour. But the range is wide: entry-level workers start around $51,530, and experienced real estate brokers can clear $159,370. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $75K enough to live in Richmond?
On that salary, you'd take home roughly $4,795/month after taxes. A 2-bedroom here rents for about $1,655/month, which eats 34.5% 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 Richmond?
Richmond has a Regional Price Parity of 97.86 (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 $76,947 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.