Real Estate Brokers in Maryland

Is Maryland a good place for you to work as a Real Estate Broker?

You’re in luck! Jobs for Real Estate Brokers in Maryland are projected to grow and these jobs tend to pay higher than average.

• Projected employment for Real Estate Brokers in Maryland is growing slower than average.

• Real Estate Brokers in Maryland earn higher salaries than the typical U.S. wage earner.

What Major Will Prepare You For a Real Estate Broker Career?

• Architecture & Related Services
• Real Estate Development
• Real Estate Development
• Business, Management & Marketing
• Real Estate
• Real Estate

How Many Real Estate Brokers Work in Maryland?

720 people worked as Real Estate Brokers in 2018 in this state.

There were 830 Real Estate Brokers employed in this state in 2017.

That’s a decline of 110 jobs between 2017 and 2018.

The typical state has 460 Real Estate Brokers working in it, which means Maryland has more Real Estate Brokers than average.

Job Projections for Maryland

Jobs for Real Estate Brokers in this state are growing at a rate of 4.2% which is slower than the nationwide estimated projection of 4.9%.

Maryland Annual Job Openings

The BLS is projecting 50 annual Real Estate Brokers job openings in Maryland, and 1,230 total jobs in the year 2026.

Nationwide, the prediction is 9,300 annual jobs and 100,000 total jobs in 2026.

What do Real Estate Brokers Make in Maryland?

In 2018 wages for Real Estate Brokers ranged from $36,510 to $164,040 with $73,060 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $17.55 to $78.86. The median hourly rate was $35.13.

In 2017 the median pay for this field was $31.72 an hour.

The hourly rate grew by $3.41.

The median salary in Maryland is higher than the nationwide median salary.

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Top Maryland Metros for Real Estate Brokers

The table below shows some of the metros in this state with the most Real Estate Brokers.

Metro	Number Employed	Annual Median Salary
Washington-Arlington-Alexandria, DC-VA-MD-WV	1,100	$85,060
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD	600	n/a
Baltimore-Columbia-Towson, MD	470	$63,380

Top States for Real Estate Brokers Employment

The table below shows the states where most Real Estate Brokers work.

State	Number Employed	Annual Median Salary
California	5,700	$56,500
North Carolina	3,700	$39,890
Florida	3,010	$49,080
Colorado	2,900	$57,100
Texas	2,170	$78,020
Illinois	1,780	$51,920
Missouri	1,760	$36,180
Arizona	1,730	$58,010
New York	1,550	$68,760
Virginia	1,510	$74,480
Oregon	1,500	$57,800
South Carolina	1,100	$59,160
Massachusetts	900	$0
Pennsylvania	840	$0
Michigan	780	$73,100
Ohio	730	$56,380
Indiana	730	$73,880
Maryland	720	$73,060
Georgia	710	$51,650
Washington	610	$61,050

Below are the states where Real Estate Brokers get paid the most:

State	Annual Median Salary
Tennessee	$80,020
Connecticut	$78,080
Texas	$78,020
Virginia	$74,480
Wisconsin	$74,140
Indiana	$73,880
Delaware	$73,400
Alaska	$73,260
Michigan	$73,100
Maryland	$73,060

Related Careers in Maryland

You may also be interested in the following careers:

Occupation	Maryland Employment Total
Real Estate Sales Agents	2,620

References

• Bureau of Labor Statistics (BLS)
• College Factual
• National Center for Education Statistics
• O*NET Online
• Image Credit: By Godrej Mamurdi Pune under License

More about our data sources and methodologies.