Real Estate Brokers Salary
Real Estate Brokers in Virginia make a median of $77,270 a year, or about $37.15 an hour. The range runs from $45K at the entry level to $189K for experienced workers. Cost of living is below average (RPP 94.79), which stretches that salary to about $81,517 in buying power. A 2-bedroom apartment runs $1,646/month, about 32.4% of take-home, which is tight.
Statewide average. Salary and cost of living vary significantly across Virginia. Jump to a metro for precise data:
So what does $77K get you in Virginia?
About real estate brokers
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What this looks like in Virginia
Real estate brokers pay in Virginia tracks closely to the national median, $77K locally vs. $73K nationwide, a 6% difference. Rent runs $1,646/month for a 2-bedroom (HUD FMR), taking 33.6% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 94.79 (national = 100), meaning everyday costs run about 5% cheaper here. Your dollar stretches further than the headline salary suggests. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compensation breakdown
Annual earnings by percentile, Virginia
Entry-level real estate brokers (10th percentile) start around $45K. Mid-career wages sit at $77K. Top earners bring in $189K or more, a $144K spread from bottom to top.
Real Estate Brokers salary by metro in Virginia
3 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Harrisonburg | $85K | +9% | N/A |
| Richmond | $75K | -3% | N/A |
| Virginia Beach-Chesapeake-Norfolk | $71K | -8% | 390 |
Compare to other states
Track real estate brokers salary changes
BLS updates this data quarterly. We'll email you when Virginia numbers change.
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Frequently asked questions
Can a real estate broker afford a 2BR apartment alone in Virginia?
It’s a stretch — at the median salary of $77K, rent takes 33.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,646/month. The 30% guideline puts the comfortable ceiling at roughly $1,500/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 Virginia?
The 10th-percentile wage — what new real estate brokers typically earn — is $45K/year. Take-home on that works out to about $2,715/month. At HUD’s $1,646/month FMR, rent would take 61% 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 Virginia?
Pay here is roughly in line with the national average — $77K locally vs. $73K nationally, a 6% difference.
How does Virginia compare to the national average for real estate brokers?
Virginia pays $77K median vs. the U.S. average of $73K — that’s +6%. After adjusting for local cost of living (RPP 94.79), the purchasing-power equivalent is $82K — still ahead of the national median.
How much do real estate brokers make in Virginia?
The median is $77,270 a year, that works out to about $37 an hour. But the range is wide: entry-level workers start around $45,250, and experienced real estate brokers can clear $189,360. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $77K enough to live in Virginia?
On that salary, you'd take home roughly $4,902/month after taxes. A 2-bedroom here rents for about $1,646/month, which eats 33.6% 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 Virginia?
Virginia has a Regional Price Parity of 94.79 (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 $81,517 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.