Average Real Estate Brokers Salary in Portland-Vancouver-Hillsboro, OR-WA
Real Estate Brokers in the Portland-Vancouver-Hillsboro, OR-WA metropolitan area earn an average annual salary of $74,420. This figure is notably below the national average of $91,770, suggesting that local market dynamics, such as property values and transaction volumes, may influence compensation levels. The specific economic conditions and demand for real estate services within this region play a significant role in shaping the earning potential for brokers.
Executive Summary
- Average Salary: $74,420 per year.
- Growth Trend: Salaries have shifted 35.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $100,770.
- Outlook: The Portland-Vancouver-Hillsboro area exhibits a strong concentration of Real Estate Brokers, with a Location Quotient of 2.54, indicating a presence more than double the national average. This high concentration, coupled with a local workforce of 990 brokers, suggests a robust and active job market for this profession. The significant presence points to a sustained demand for real estate services and a competitive environment where experienced professionals can thrive.
Salary Overview
The average Real Estate Brokers in Portland-Vancouver-Hillsboro, OR-WA earns-18.9%below the national average.
$35.8
$1,431
$6,202
Real Estate Brokers Salary Trends (2020-2024)
While specific historical data for the Portland-Vancouver-Hillsboro area is not provided, it is generally assumed that salaries for Real Estate Brokers have experienced steady growth over the past four years, mirroring national trends. Factors such as fluctuating interest rates, housing market activity, and economic expansion typically drive increases in commission-based earnings and base salaries for brokers.
Real Estate Brokers Salary Distribution in Portland-Vancouver-Hillsboro, OR-WA
The career trajectory for Real Estate Brokers typically involves significant salary growth with experience. Entry-level brokers may start with a lower base salary or commission structure, while seasoned professionals with established client networks and a proven track record can command substantially higher earnings. The percentile gaps in salary distribution highlight the substantial earning potential that comes with accumulating experience and expertise in the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $61,190 | $29.4 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $55,815 | $26.8 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $66,280 | $31.9 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $93,025 | $44.7 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $100,770 | $48.4 |
Detailed Real Estate Brokers Market Analysis
Relocation Context
Nominal Salary
$74,420
Gross Pay
Real Wage (Purchasing Power)
$74,420
Adjusted for COL (100)
For Real Estate Brokers considering a move to Portland-Vancouver-Hillsboro, OR-WA, the nominal average salary of $74,420 aligns perfectly with the local Cost of Living Index of 100, which is equivalent to the national average. This means that the purchasing power of the average broker's salary in this area is comparable to that of a broker earning the national average in a location with average living costs.
Job Market Context
990
Total Jobs
0.816
Per 1K Jobs
2.54
Location Quotient
Portland-Vancouver-Hillsboro, OR-WA 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.
The Location Quotient of 2.54 for Real Estate Brokers in Portland-Vancouver-Hillsboro, OR-WA, signifies a highly concentrated job market. This suggests that the demand for these professionals is significantly higher relative to the national average, making it a potentially advantageous location for brokers. While this indicates a strong market, it also implies a competitive landscape where differentiation and strong performance are key to success.
Nearby Job Markets
Nearby Cities for Real Estate Brokers
| City | Salary | Dist. |
|---|---|---|
| Salem, OR Real Estate Brokers Salary | $83,750↑ 13% | 44 mi |
| Corvallis, OR Real Estate Brokers Salary | $88,720↑ 19% | 72 mi |
| Coast Oregon nonmetropolitan area Real Estate Brokers Salary | $57,870↓ 22% | 72 mi |
Comparing salaries near Portland-Vancouver-Hillsboro, OR-WA
Hiring Real Estate Brokerss?
Frequently Asked Questions
How much does a Real Estate Brokers make in Portland-Vancouver-Hillsboro, OR-WA?
The median annual salary for a Real Estate Brokers in Portland-Vancouver-Hillsboro, OR-WA is $74,420. This typically ranges from $61,190 for entry-level positions to $100,770 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Portland-Vancouver-Hillsboro, OR-WA is 18.9% lower than the national median of $91,770.
Is Portland-Vancouver-Hillsboro, OR-WA a lucrative place for Real Estate Brokers?
No, but it is a concentrated market.While the average salary of $74,420 is below the national average, the high Location Quotient of 2.54 indicates a strong concentration and potentially high demand for Real Estate Brokers in the area.
Is Portland-Vancouver-Hillsboro, OR-WA a good place to live for Real Estate Brokers?
The Cost of Living Index in Portland-Vancouver-Hillsboro, OR-WA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Portland-Vancouver-Hillsboro, OR-WA?
Some top paying nearby cities include Salem, OR ($83,750) and Corvallis, OR.
How does the Portland-Vancouver-Hillsboro salary compare to the national average?
The average annual salary for Real Estate Brokers in Portland-Vancouver-Hillsboro, OR-WA is $74,420, which is lower than the national average of $91,770.
What is the concentration of Real Estate Brokers in this area?
The concentration, measured by the Location Quotient, is 2.54, meaning there are more than twice the number of Real Estate Brokers per worker compared to the national average.
How does the cost of living affect the salary?
The cost of living in Portland-Vancouver-Hillsboro, OR-WA is 100, which is the national average. Therefore, the average salary of $74,420 has the same purchasing power as the national average salary in a national average cost of living area.
What does the job market look like for Real Estate Brokers in this region?
With a workforce of 990 and a high Location Quotient, the job market is robust and indicates a significant presence and likely demand for Real Estate Brokers.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 990 employees in the Portland-Vancouver-Hillsboro, OR-WA area with a job density of 0.816 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 Portland-Vancouver-Hillsboro, OR-WA