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Average Real Estate Brokers Salary in Missouri

Real Estate Brokers in Missouri earn an average annual salary of $63,180, which is notably below the national average of $91,770. This disparity is often influenced by regional economic factors, market demand, and the overall cost of doing business within the state, which can impact compensation structures for professionals in this field.

Executive Summary

  • Average Salary: $63,180 per year.
  • Growth Trend: Salaries have shifted 36.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $106,500.
  • Outlook: With a local workforce of 1,580 Real Estate Brokers and a Location Quotient of 1.69, Missouri exhibits a concentration of these professionals that is 69% higher than the national average. This indicates a robust and established market for real estate brokerage services within the state, suggesting consistent demand and a significant presence of industry expertise.
2024 Market Data

Salary Overview

$63,180

The average Real Estate Brokers in Missouri earns-31.2%below the national average.

BreakdownBased on 40h/week
Hourly

$30.4

Weekly

$1,215

Monthly

$5,265

Real Estate Brokers Salary Distribution in Missouri

Salary progression for Real Estate Brokers in Missouri typically scales with experience. Entry-level positions may start closer to the lower end of the pay scale, while seasoned brokers with a proven track record and extensive client networks can command significantly higher earnings. The percentile gaps in salary distribution clearly signify the career progression and earning potential available as brokers advance in their careers.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$34,200$16.4
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$47,385$22.8
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$58,690$28.2
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$78,975$38
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$106,500$51.2

Detailed Real Estate Brokers Market Analysis

Relocation Context

Nominal Salary

$63,180

Gross Pay

Real Wage (Purchasing Power)

$71,471

Adjusted for COL (88.4)

The nominal average salary of $63,180 in Missouri presents a compelling financial picture when considered against the local Cost of Living Index of 88.4. This index is 11.6% lower than the national average, suggesting that the purchasing power of a Real Estate Broker's salary in Missouri may be higher than the raw salary figure implies, potentially offsetting the lower nominal pay compared to higher cost-of-living areas.

Job Market Context

1,580

Total Jobs

0.542

Per 1K Jobs

1.69

Location Quotient

Major Hub

Missouri has 1.7x 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.

The Location Quotient of 1.69 for Real Estate Brokers in Missouri signifies a substantial concentration of these professionals relative to the national average. This suggests a competitive yet established job market where demand for skilled brokers is present, but also where a higher number of practitioners are vying for opportunities, potentially influencing commission structures and overall earning potential.

Nearby Job Markets

Nearby Cities for Real Estate Brokers

CitySalaryDist.
Columbia, MO Real Estate Brokers Salary$61,790↓ 2%34 mi

Comparing salaries near Missouri

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Frequently Asked Questions

How much does a Real Estate Brokers make in Missouri?

The median annual salary for a Real Estate Brokers in Missouri is $63,180. This typically ranges from $34,200 for entry-level positions to $106,500 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Missouri is 31.2% lower than the national median of $91,770.

Is Missouri a lucrative place for Real Estate Brokers?

Yes, with caveats.While the average salary is lower than the national average, the significantly lower cost of living enhances purchasing power. The high concentration of brokers indicates a strong market, though competition may be a factor.

Is Missouri a good place to live for Real Estate Brokers?

With a Cost of Living Index of 88.4 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Missouri?

Some top paying nearby cities include Columbia, MO ($61,790) and others.

How does the Missouri Real Estate Broker salary compare to the national average?

Real Estate Brokers in Missouri earn an average of $63,180 annually, which is considerably less than the national average of $91,770.

What is the job concentration for Real Estate Brokers in Missouri?

Missouri has a higher concentration of Real Estate Brokers than the national average, indicated by a Location Quotient of 1.69.

How does the cost of living in Missouri affect salary perception?

With a Cost of Living Index of 88.4, Missouri is more affordable than the national average, meaning the $63,180 salary may offer better purchasing power locally.

What is the total number of Real Estate Brokers in Missouri?

There are approximately 1,580 Real Estate Brokers employed within the state of Missouri.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,580 employees in the Missouri area with a job density of 0.542 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Real Estate Brokers • Data source: BLS OEWS 2024 •Jobs in Missouri