Average Real Estate Brokers Salary in Des Moines-West Des Moines, IA
Real Estate Brokers in the Des Moines-West Des Moines, IA area command an impressive average annual salary of $140,240. This figure significantly outpaces the national average of $91,770, indicating a strong local demand and potentially higher commission structures or a more robust market for property transactions in this region. The concentration of real estate professionals also suggests a dynamic and competitive environment that rewards skilled brokers.
Executive Summary
- Average Salary: $140,240 per year.
- Growth Trend: Salaries have shifted 153.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $157,100.
- Outlook: The local job market for Real Estate Brokers in Des Moines-West Des Moines appears robust, supported by a total workforce of 330 professionals. The Location Quotient of 2.5 signifies a concentration of these roles nearly 2.5 times the national average, suggesting a higher demand or a more specialized market for real estate services within the area, which bodes well for job security and opportunity.
Salary Overview
The average Real Estate Brokers in Des Moines-West Des Moines, IA earns+52.8%above the national average.
$67.4
$2,697
$11,687
Real Estate Brokers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary for Real Estate Brokers in Des Moines-West Des Moines has experienced steady growth over the past four years, mirroring national trends in the real estate sector. Factors such as increasing property values, evolving market dynamics, and the persistent need for expert guidance in property transactions likely contribute to upward salary pressure.
Real Estate Brokers Salary Distribution in Des Moines-West Des Moines, IA
The career trajectory for Real Estate Brokers typically involves significant salary growth with experience. Entry-level brokers may start with a base salary and commission, while senior brokers with established clienteles and a proven track record can command substantially higher earnings, often reaching into the upper percentiles of the $140,240 average. The increasing earning potential as one progresses signifies clear career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $39,790 | $19.1 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $105,180 | $50.6 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $157,100 | $75.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $175,300 | $84.3 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $157,100 | $75.5 |
Detailed Real Estate Brokers Market Analysis
Relocation Context
Nominal Salary
$140,240
Gross Pay
Real Wage (Purchasing Power)
$140,240
Adjusted for COL (100)
The nominal average salary of $140,240 in Des Moines-West Des Moines is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of a Real Estate Broker's income in this area is equivalent to the national average, allowing their substantial earnings to translate directly into a comparable standard of living without the added financial strain of a high cost of living.
Job Market Context
330
Total Jobs
0.803
Per 1K Jobs
2.5
Location Quotient
Des Moines-West Des Moines, IA has 2.5x the national concentration of Real Estate Brokers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.5, the Des Moines-West Des Moines area exhibits a significantly higher concentration of Real Estate Brokers compared to the national average. This suggests a specialized and potentially competitive market where brokers may find ample opportunities due to a strong demand for their services, or conversely, face stiffer competition from a larger pool of professionals.
Nearby Job Markets
Hiring Real Estate Brokerss?
Frequently Asked Questions
How much does a Real Estate Brokers make in Des Moines-West Des Moines, IA?
The median annual salary for a Real Estate Brokers in Des Moines-West Des Moines, IA is $140,240. This typically ranges from $39,790 for entry-level positions to $157,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Des Moines-West Des Moines, IA is 52.8% higher than the national median of $91,770.
Is Des Moines-West Des Moines, IA a lucrative place for Real Estate Brokers?
Yes, it is a highly lucrative place for Real Estate Brokers.The average salary of $140,240 is substantially higher than the national average, and the Cost of Living Index at 100 means this high salary offers excellent purchasing power.
Is Des Moines-West Des Moines, IA a good place to live for Real Estate Brokers?
The Cost of Living Index in Des Moines-West Des Moines, IA is 100. While higher than average, this often correlates with higher wages.
How does the Des Moines-West Des Moines salary compare to the national average?
The average salary for Real Estate Brokers in Des Moines-West Des Moines is $140,240, which is considerably higher than the national average of $91,770.
What does the Location Quotient of 2.5 mean for Real Estate Brokers?
A Location Quotient of 2.5 indicates that Real Estate Brokers are more than twice as concentrated in Des Moines-West Des Moines compared to the national average, suggesting a strong local market presence and demand.
Is the cost of living high in Des Moines-West Des Moines for Real Estate Brokers?
No, the Cost of Living Index is 100, which is the national average. This means that the high average salary of $140,240 offers strong purchasing power locally.
How many Real Estate Brokers are there in the Des Moines-West Des Moines area?
There are approximately 330 Real Estate Brokers working in the Des Moines-West Des Moines, IA area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 330 employees in the Des Moines-West Des Moines, IA area with a job density of 0.803 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Real Estate Brokers • Data source: BLS OEWS 2024 •Jobs in Des Moines-West Des Moines, IA