Real Estate Brokers in Minnesota

Want to work in Minnesota as a Real Estate Broker? Read this first!

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

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

• Real Estate Brokers in Minnesota 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 Minnesota?

In Minnesota, there were 540 people working as Real Estate Brokers in the year 2018.

There were 450 Real Estate Brokers employed in this state in 2017.

That’s growth of 90 jobs between 2017 and 2018.

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

Job Projections for Minnesota

Jobs for Real Estate Brokers in this state are growing at a rate of 2.5% which is slower than the nationwide estimated projection of 4.9%.

Minnesota Annual Job Openings

The BLS estimates 110 annual job openings, and a total of 1,220 jobs for Minnesota 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 Minnesota?

In 2018 wages for Real Estate Brokers ranged from $21,710 to $99,480 with $51,840 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $10.44 to $47.83. The median hourly rate was $24.92.

In 2017 the median pay for this field was $34.07 an hour.

The hourly rate declined by $9.15.

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

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Top Minnesota 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
Minneapolis-St. Paul-Bloomington, MN-WI	460	$64,860

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 Minnesota

You may also be interested in the following careers:

Occupation	Minnesota Employment Total
Real Estate Sales Agents	1,740

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.