Real Estate Brokers Salary in New Jersey
Official Bureau of Labor Statistics Data - May 2024 - NJ
Median Annual Salary in New Jersey
$86,424
$41.55 / hour
▲ 20.0% above national avg
National Median
$72,020
$34.63 / hour nationally
COL-Adjusted Purchasing Power
$67,677
Missouri equivalent (COL: 127.7)
Real Estate Brokers Salary in New Jersey
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $45,805 |
| 25th Percentile | $62,225 |
| 50th (Median) | $86,424 |
| 75th Percentile | $119,265 |
| 90th (Top Earners) | $148,649 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The New Jersey median salary of $86,424 for Real Estate Brokers has the purchasing power of approximately $67,677 in Missouri (the COL baseline state with index 100).
New Jersey's higher cost of living (COL index: 127.7) 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 New Jersey?
Real Estate Brokers in New Jersey earn a median annual salary of $86,424 per year ($41.55/hr) according to BLS OEWS data (May 2024). This is above the national median of $72,020.
Is New Jersey a good state for Real Estate Brokers?
New Jersey pays above the national average for real estate brokers, making it a competitive market for this occupation. Cost of living in New Jersey is higher average (COL index: 127.7).
What is the cost-of-living adjusted salary for Real Estate Brokers in New Jersey?
After adjusting for cost of living (COL index: 127.7 vs. Missouri baseline of 100), the $86,424 salary in New Jersey has the purchasing power of approximately $67,677 in Missouri. Higher living costs in New Jersey reduce real purchasing power.
How does New Jersey 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 New Jersey
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $398,640 |
| 2 | Radiologists | $371,904 |
| 3 | Orthopedic Surgeons, Except Pediatric | $367,464 |
| 4 | Neurologists | $354,720 |
| 5 | Surgeons, All Other | $353,424 |
| 6 | Ophthalmologists, Except Pediatric | $326,256 |
| 7 | Psychiatrists | $299,758 |
| 8 | General Internal Medicine Physicians | $292,008 |
| Source: BLS OEWS May 2024 | ||
About Real Estate Brokers in New Jersey
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