Real Estate Brokers Salary in Minnesota
Official Bureau of Labor Statistics Data - May 2024 - MN
Median Annual Salary in Minnesota
$74,901
$36.01 / hour
▲ 4.0% above national avg
National Median
$72,020
$34.63 / hour nationally
COL-Adjusted Purchasing Power
$72,719
Missouri equivalent (COL: 103)
Real Estate Brokers Salary in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $39,698 |
| 25th Percentile | $53,929 |
| 50th (Median) | $74,901 |
| 75th Percentile | $103,363 |
| 90th (Top Earners) | $128,830 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Minnesota median salary of $74,901 for Real Estate Brokers has the purchasing power of approximately $72,719 in Missouri (the COL baseline state with index 100).
Minnesota's higher cost of living (COL index: 103) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Real Estate Brokers make in Minnesota?
Real Estate Brokers in Minnesota earn a median annual salary of $74,901 per year ($36.01/hr) according to BLS OEWS data (May 2024). This is above the national median of $72,020.
Is Minnesota a good state for Real Estate Brokers?
Minnesota pays above the national average for real estate brokers, making it a competitive market for this occupation. Cost of living in Minnesota is near the national average (COL index: 103).
What is the cost-of-living adjusted salary for Real Estate Brokers in Minnesota?
After adjusting for cost of living (COL index: 103 vs. Missouri baseline of 100), the $74,901 salary in Minnesota has the purchasing power of approximately $72,719 in Missouri. Higher living costs in Minnesota reduce real purchasing power.
How does Minnesota compare to neighboring states for Real Estate Brokers salaries?
For detailed comparison across all states, see the full Real Estate Brokers salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Minnesota
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $345,488 |
| 2 | Radiologists | $322,317 |
| 3 | Orthopedic Surgeons, Except Pediatric | $318,469 |
| 4 | Neurologists | $307,424 |
| 5 | Surgeons, All Other | $306,301 |
| 6 | Ophthalmologists, Except Pediatric | $282,755 |
| 7 | Psychiatrists | $259,790 |
| 8 | Physicians, Pathologists | $253,677 |
| Source: BLS OEWS May 2024 | ||
About Real Estate Brokers in Minnesota
Real Estate Brokers work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the sales sector of the U.S. economy.
Education Required: High school diploma