Average Real Estate Brokers Salary in Peoria, IL
The average salary for Real Estate Brokerss in Peoria, IL is $71,570. While this is lower than the national average, the cost of living in Peoria, IL may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $71,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $122,510.
- Outlook: The current demand for Real Estate Brokerss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Peoria, IL economy.
Salary Overview
The average Real Estate Brokers in Peoria, IL earns-22.0%below the national average.
$34.4
$1,376
$5,964
Real Estate Brokers Salary Trends (2020-2024)
Historical trend data for Real Estate Brokers in Peoria, IL is limited, but current market signals indicate a stable demand environment.
Real Estate Brokers Salary Distribution in Peoria, IL
The earning potential for Real Estate Brokerss in Peoria, IL 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 $38,310, while highly experienced professionals can command wages upwards of $122,510.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $38,310 | $18.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $53,678 | $25.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $51,270 | $24.6 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $89,463 | $43 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $122,510 | $58.9 |
Detailed Real Estate Brokers Market Analysis
Relocation Context
Nominal Salary
$71,570
Gross Pay
Real Wage (Purchasing Power)
$71,570
Adjusted for COL (100)
In Peoria, IL, the Cost of Living Index is 100. This increases your effective purchasing power from $71,570 to $71,570.
Job Market Context
40
Total Jobs
0.261
Per 1K Jobs
0.81
Location Quotient
Peoria, IL has 0.81x 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.
40 people work as Real Estate Brokers in Peoria, IL.
Only 0.261 out of every 1,000 local jobs are Real Estate Brokers roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Real Estate Brokers
| City | Salary | Dist. |
|---|---|---|
| West Central Illinois nonmetropolitan area Real Estate Brokers Salary | $69,680↓ 3% | 43 mi |
| East Central Illinois nonmetropolitan area Real Estate Brokers Salary | $81,590↑ 14% | 43 mi |
Comparing salaries near Peoria, IL
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Frequently Asked Questions
How much does a Real Estate Brokers make in Peoria, IL?
The median annual salary for a Real Estate Brokers in Peoria, IL is $71,570. This typically ranges from $38,310 for entry-level positions to $122,510 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Peoria, IL is 22.0% lower than the national median of $91,770.
Is Peoria, IL a good place for Real Estate Brokerss?
It depends on your priorities. While the average Real Estate Brokers salary in Peoria, IL is $71,570 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Peoria, IL. See distinct detailed breakdown below.
Is Peoria, IL a good place to live for Real Estate Brokers?
The Cost of Living Index in Peoria, IL is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Peoria, IL?
Some top paying nearby cities include West Central Illinois nonmetropolitan area ($69,680) and East Central Illinois nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Peoria, IL area with a job density of 0.261 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 Peoria, IL