Average Real Estate Brokers Salary in South Carolina
Real Estate Brokers in South Carolina earn an average annual salary of $88,830, which is slightly below the national average of $91,770. This localized compensation is influenced by a variety of factors unique to the Palmetto State, including regional market dynamics, demand for housing, and the overall economic landscape.
Executive Summary
- Average Salary: $88,830 per year.
- Growth Trend: Salaries have shifted 32.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $219,230.
- Outlook: With a local workforce of 1,490 Real Estate Brokers, South Carolina presents a notable concentration of professionals in this field, indicated by a Location Quotient of 2.04. This suggests that the profession is more prevalent in South Carolina than the national average, pointing towards a robust and active market for real estate services.
Salary Overview
The average Real Estate Brokers in South Carolina earns-3.2%below the national average.
$42.7
$1,708
$7,403
Real Estate Brokers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Real Estate Brokers in South Carolina have experienced steady growth over the past four years, mirroring national trends. This growth is typically driven by increasing property values, evolving market conditions, and the continuous demand for skilled professionals to navigate complex real estate transactions.
Real Estate Brokers Salary Distribution in South Carolina
The salary trajectory for Real Estate Brokers in South Carolina typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned brokers with extensive market knowledge and a proven track record can command salaries well into the higher percentiles, reflecting their accumulated expertise and client base.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $18,610 | $8.9 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $66,623 | $32 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $54,300 | $26.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $111,038 | $53.4 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $219,230 | $105.4 |
Detailed Real Estate Brokers Market Analysis
Relocation Context
Nominal Salary
$88,830
Gross Pay
Real Wage (Purchasing Power)
$92,628
Adjusted for COL (95.9)
The average annual salary of $88,830 in South Carolina offers a strong purchasing power, especially when considered against the state's Cost of Living Index of 95.9. This index is slightly below the national average (100), meaning that the nominal salary earned by Real Estate Brokers in South Carolina can translate to a higher effective standard of living compared to more expensive regions.
Job Market Context
1,490
Total Jobs
0.655
Per 1K Jobs
2.04
Location Quotient
South Carolina has 2.0x 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 2.04 for Real Estate Brokers in South Carolina signifies a significant concentration of these professionals relative to the national average. This indicates a competitive yet potentially opportunity-rich environment, where demand for skilled brokers is likely robust, and the market is well-established.
Nearby Job Markets
Hiring Real Estate Brokerss?
Frequently Asked Questions
How much does a Real Estate Brokers make in South Carolina?
The median annual salary for a Real Estate Brokers in South Carolina is $88,830. This typically ranges from $18,610 for entry-level positions to $219,230 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Carolina is 3.2% lower than the national median of $91,770.
Is South Carolina a lucrative place for Real Estate Brokers?
Yes, South Carolina offers a favorable environment for Real Estate Brokers.The state's average salary is competitive, and the cost of living is below the national average, enhancing purchasing power. Furthermore, a high concentration of brokers suggests a dynamic and active real estate market.
Is South Carolina a good place to live for Real Estate Brokers?
With a Cost of Living Index of 95.9 (lower than the national average of 100), your salary goes further here.
How does the number of Real Estate Brokers in South Carolina compare nationally?
South Carolina has 0.655 Real Estate Brokers per 1,000 workers, which is higher than the national average, indicating a strong presence in the state.
What is the significance of the Location Quotient for Real Estate Brokers in South Carolina?
A Location Quotient of 2.04 means that Real Estate Brokers are more than twice as concentrated in South Carolina compared to the national average, suggesting a specialized and active market for this profession.
How does the cost of living in South Carolina affect a Real Estate Broker's salary?
With a Cost of Living Index of 95.9, South Carolina is slightly more affordable than the national average. This means the $88,830 average salary provides a good standard of living for brokers in the state.
What is the total number of Real Estate Brokers employed in South Carolina?
There are approximately 1,490 Real Estate Brokers working within South Carolina, contributing to the state's active real estate sector.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,490 employees in the South Carolina area with a job density of 0.655 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 South Carolina