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Average Real Estate Brokers Salary in North Carolina

Real Estate Brokers in North Carolina earn an average annual salary of $81,530, which is below the national average of $91,770. This difference is influenced by various regional economic factors and the specific demands of the North Carolina real estate market. Understanding these local dynamics is crucial for setting realistic compensation expectations.

Executive Summary

  • Average Salary: $81,530 per year.
  • Growth Trend: Salaries have shifted 4.2% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $137,390.
  • Outlook: With a local workforce of 1,330 Real Estate Brokers, North Carolina presents a moderately sized professional community. The Location Quotient of 0.84 suggests a concentration slightly below the national average, indicating a stable but not exceptionally high demand relative to other professions within the state. The presence of 0.272 jobs per 1,000 workers signifies a consistent, albeit not booming, employment landscape for these professionals.
2024 Market Data

Salary Overview

$81,530

The average Real Estate Brokers in North Carolina earns-11.2%below the national average.

BreakdownBased on 40h/week
Hourly

$39.2

Weekly

$1,568

Monthly

$6,794

Real Estate Brokers Salary Distribution in North Carolina

Salary progression for Real Estate Brokers in North Carolina is significantly tied to experience and performance. Entry-level positions typically command lower salaries, while seasoned brokers with established client networks and a proven track record can achieve substantially higher earnings. The gap between the 25th percentile and the 75th percentile salary often reflects this career advancement and the increasing value brought by expertise and negotiation skills.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$32,250$15.5
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$61,148$29.4
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$62,660$30.1
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$101,913$49
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$137,390$66.1

Detailed Real Estate Brokers Market Analysis

Relocation Context

Nominal Salary

$81,530

Gross Pay

Real Wage (Purchasing Power)

$85,911

Adjusted for COL (94.9)

The average annual salary of $81,530 in North Carolina is positioned favorably against its Cost of Living Index of 94.9. This index, being slightly below the national average of 100, suggests that the nominal salary offers a reasonable purchasing power for residents. While the salary is lower than the national average, the lower cost of living can help offset this difference, potentially making the effective income more competitive than initially perceived.

Job Market Context

1,330

Total Jobs

0.272

Per 1K Jobs

0.84

Location Quotient

Below Average

North Carolina has 0.84x the national average concentration of Real Estate Brokers jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

A Location Quotient of 0.84 for Real Estate Brokers in North Carolina indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is established, there might be opportunities for growth and less intense competition compared to states with higher concentrations. It implies a steady demand for skilled brokers, without an oversupply of professionals.

Nearby Job Markets

Nearby Cities for Real Estate Brokers

CitySalaryDist.
Durham-Chapel Hill, NC Real Estate Brokers Salary$117,070↑ 44%56 mi

Comparing salaries near North Carolina

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Frequently Asked Questions

How much does a Real Estate Brokers make in North Carolina?

The median annual salary for a Real Estate Brokers in North Carolina is $81,530. This typically ranges from $32,250 for entry-level positions to $137,390 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in North Carolina is 11.2% lower than the national median of $91,770.

Is North Carolina a lucrative place for Real Estate Brokers?

No, but it offers good value.While the average salary of $81,530 is below the national average, North Carolina's cost of living index of 94.9 makes the effective purchasing power of this salary relatively strong.

Is North Carolina a good place to live for Real Estate Brokers?

With a Cost of Living Index of 94.9 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near North Carolina?

Some top paying nearby cities include Durham-Chapel Hill, NC ($117,070) and others.

How does North Carolina's Real Estate Broker salary compare nationally?

The average salary in North Carolina is $81,530, which is approximately $10,240 less than the national average of $91,770.

What is the concentration of Real Estate Brokers in North Carolina?

The Location Quotient is 0.84, meaning the concentration of Real Estate Brokers in North Carolina is slightly lower than the national average.

Does the cost of living affect Real Estate Broker salaries in NC?

Yes, North Carolina's cost of living is 5.1% lower than the national average, which helps to make the $81,530 salary more competitive than it appears at face value.

How many Real Estate Brokers are there in North Carolina?

There are approximately 1,330 Real Estate Brokers employed in North Carolina.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,330 employees in the North Carolina area with a job density of 0.272 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 North Carolina