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Average Real Estate Brokers Salary in New York-Newark-Jersey City, NY-NJ

Yes, New York-Newark-Jersey City, NY-NJ is a highly lucrative market for Real Estate Brokerss. With an average annual salary of $120,760, professionals here earn significantly more than the national norm.

Executive Summary

  • Average Salary: $120,760 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $199,990.
  • Outlook: This role remains a specialized component of the broader New York-Newark-Jersey City, NY-NJ economy.
2024 Market Data

Salary Overview

$120,760

The average Real Estate Brokers in New York-Newark-Jersey City, NY-NJ earns+31.6%above the national average.

BreakdownBased on 40h/week
Hourly

$58.1

Weekly

$2,322

Monthly

$10,063

Real Estate Brokers Salary Distribution in New York-Newark-Jersey City, NY-NJ

The earning potential for Real Estate Brokerss in New York-Newark-Jersey City, NY-NJ varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $61,770, while highly experienced professionals can command wages upwards of $199,990.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$61,770$29.7
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$90,570$43.5
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$97,500$46.9
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$150,950$72.6
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$199,990$96.1

Detailed Real Estate Brokers Market Analysis

Relocation Context

Nominal Salary

$120,760

Gross Pay

Real Wage (Purchasing Power)

$120,760

Adjusted for COL (100)

In New York-Newark-Jersey City, NY-NJ, the Cost of Living Index is 100. This increases your effective purchasing power from $120,760 to $120,760.

Nearby Job Markets

Hiring Real Estate Brokerss?

Frequently Asked Questions

How much does a Real Estate Brokers make in New York-Newark-Jersey City, NY-NJ?

The median annual salary for a Real Estate Brokers in New York-Newark-Jersey City, NY-NJ is $120,760. This typically ranges from $61,770 for entry-level positions to $199,990 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New York-Newark-Jersey City, NY-NJ is 31.6% higher than the national median of $91,770.

Is New York-Newark-Jersey City, NY-NJ a good place for Real Estate Brokerss?

Yes, New York-Newark-Jersey City, NY-NJ is financially attractive for Real Estate Brokerss. The average salary of $120,760 exceeds the national average. See distinct detailed breakdown below.

Is New York-Newark-Jersey City, NY-NJ a good place to live for Real Estate Brokers?

The Cost of Living Index in New York-Newark-Jersey City, NY-NJ is 100. While higher than average, this often correlates with higher wages.

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

Top Jobs in New York-Newark-Jersey City, NY-NJ

Semantic Salary Analysis for Real Estate Brokers • Data source: BLS OEWS 2024 •Jobs in New York-Newark-Jersey City, NY-NJ