Average Real Estate Brokers Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV
Real Estate Brokers in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area command an impressive average annual salary of $99,540. This figure significantly surpasses the national average of $91,770, indicating a robust demand and potentially higher commission structures within this dynamic market. The economic activity and property values characteristic of this region likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $99,540 per year.
- Growth Trend: Salaries have shifted 1.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $160,010.
- Outlook: With a local workforce of 440 Real Estate Brokers and a Location Quotient of 0.44, the job market in Washington-Arlington-Alexandria, DC-VA-MD-WV suggests a specialized, though not overly saturated, demand for these professionals. While the concentration is below the national average, the presence of a dedicated workforce points to ongoing opportunities for skilled brokers within this key economic hub.
Salary Overview
The average Real Estate Brokers in Washington-Arlington-Alexandria, DC-VA-MD-WV earns+8.5%above the national average.
$47.9
$1,914
$8,295
Real Estate Brokers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Real Estate Broker salaries in the Washington-Arlington-Alexandria, DC-VA-MD-WV area have experienced steady growth over the past four years. Market fluctuations, evolving real estate trends, and the general economic health of the region typically drive upward salary adjustments for experienced professionals in this field.
Real Estate Brokers Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV
Salary progression for Real Estate Brokers in this region is strongly tied to experience and performance. Entry-level positions might start closer to the lower end of the pay scale, while seasoned brokers with a proven track record and extensive client networks can command significantly higher earnings, often reflected in the upper percentiles of the salary distribution. The gap between entry-level and senior roles highlights substantial career growth potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $54,570 | $26.2 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $74,655 | $35.9 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $81,460 | $39.2 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $124,425 | $59.8 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $160,010 | $76.9 |
Detailed Real Estate Brokers Market Analysis
Relocation Context
Nominal Salary
$99,540
Gross Pay
Real Wage (Purchasing Power)
$99,540
Adjusted for COL (100)
The average annual salary of $99,540 in Washington-Arlington-Alexandria, DC-VA-MD-WV aligns perfectly with the national average Cost of Living Index of 100. This means that the higher nominal income translates directly into purchasing power comparable to the national standard, making it an attractive location for brokers seeking both competitive earnings and stable living expenses.
Job Market Context
440
Total Jobs
0.142
Per 1K Jobs
0.44
Location Quotient
At 0.44x, Washington-Arlington-Alexandria, DC-VA-MD-WV has a notably lower concentration of Real Estate Brokers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.44 indicates that Real Estate Brokers are less concentrated in the Washington-Arlington-Alexandria, DC-VA-MD-WV area compared to the national average. This suggests that while the profession is present, it is not a dominant industry, potentially leading to a more specialized and competitive environment for brokers vying for opportunities within this specific metropolitan region.
Nearby Job Markets
Nearby Cities for Real Estate Brokers
| City | Salary | Dist. |
|---|---|---|
| Baltimore-Columbia-Towson, MD Real Estate Brokers Salary | $100,000↑ 0% | 35 mi |
Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV
Hiring Real Estate Brokerss?
Frequently Asked Questions
How much does a Real Estate Brokers make in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The median annual salary for a Real Estate Brokers in Washington-Arlington-Alexandria, DC-VA-MD-WV is $99,540. This typically ranges from $54,570 for entry-level positions to $160,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 8.5% higher than the national median of $91,770.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Real Estate Brokerss?
Yes, it is a lucrative place for Real Estate Brokers.The average salary of $99,540 significantly exceeds the national average, and the cost of living is on par with the national average, indicating strong purchasing power for brokers in this region.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Real Estate Brokers?
The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?
Some top paying nearby cities include Baltimore-Columbia-Towson, MD ($100,000) and others.
How does the local salary compare to the national average?
Real Estate Brokers in Washington-Arlington-Alexandria, DC-VA-MD-WV earn an average of $99,540 annually, which is higher than the national average of $91,770.
What is the Cost of Living in Washington-Arlington-Alexandria, DC-VA-MD-WV for Real Estate Brokers?
The Cost of Living Index in this metropolitan area is 100, which is exactly the national average, meaning your salary of $99,540 has the same purchasing power as the national average salary.
How concentrated is the Real Estate Broker job market in this area?
The Location Quotient is 0.44, indicating that Real Estate Brokers are less concentrated in this area compared to the national average, suggesting a specialized market.
What is the total number of Real Estate Brokers in this region?
There are approximately 440 Real Estate Brokers employed within the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 440 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 0.142 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 Washington-Arlington-Alexandria, DC-VA-MD-WV