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Real Estate Brokers in Michigan

Considering a career as a Real Estate Broker in Michigan?

3.4% Jobs Projection

$73,100 Median Salary

80 Job Openings

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

Projected employment for Real Estate Brokers in Michigan is growing slower than average.
Real Estate Brokers in Michigan earn higher salaries than the typical U.S. wage earner.

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

How Many Real Estate Brokers Work in Michigan?

There were approximately 780 workers employed as Real Estate Brokers in this state in 2018.

There were 670 Real Estate Brokers employed in this state in 2017.

That’s growth of 110 jobs between 2017 and 2018.

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

Job Projections for Michigan

Jobs for Real Estate Brokers in this state are growing at a rate of 3.4% which is slower than the nationwide estimated projection of 4.9%.

Michigan Annual Job Openings

The BLS estimates 80 annual job openings, and a total of 920 jobs for Michigan Real Estate Brokers in 2026.

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

What do Real Estate Brokers Make in Michigan?

In 2018 wages for Real Estate Brokers ranged from $29,410 to $125,110 with $73,100 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $14.14 to $60.15. The median hourly rate was $35.15.

In 2017 the median pay for this field was $26.69 an hour.

The hourly rate grew by $8.46.

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

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Top States for Real Estate Brokers Employment

View the list below to see 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

Discover similar careers:

Occupation	Michigan Employment Total
Real Estate Sales Agents	2,140

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.

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