Real Estate Brokers Salary in New York
Official Bureau of Labor Statistics Data - May 2024 - NY
Median Annual Salary in New York
$87,864
$42.24 / hour
▲ 22.0% above national avg
National Median
$72,020
$34.63 / hour nationally
COL-Adjusted Purchasing Power
$63,166
Missouri equivalent (COL: 139.1)
Real Estate Brokers Salary in New York
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $46,568 |
| 25th Percentile | $63,262 |
| 50th (Median) | $87,864 |
| 75th Percentile | $121,252 |
| 90th (Top Earners) | $151,126 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The New York median salary of $87,864 for Real Estate Brokers has the purchasing power of approximately $63,166 in Missouri (the COL baseline state with index 100).
New York's higher cost of living (COL index: 139.1) 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 York?
Real Estate Brokers in New York earn a median annual salary of $87,864 per year ($42.24/hr) according to BLS OEWS data (May 2024). This is above the national median of $72,020.
Is New York a good state for Real Estate Brokers?
New York pays above the national average for real estate brokers, making it a competitive market for this occupation. Cost of living in New York is higher average (COL index: 139.1).
What is the cost-of-living adjusted salary for Real Estate Brokers in New York?
After adjusting for cost of living (COL index: 139.1 vs. Missouri baseline of 100), the $87,864 salary in New York has the purchasing power of approximately $63,166 in Missouri. Higher living costs in New York reduce real purchasing power.
How does New York 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 York
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $405,284 |
| 2 | Radiologists | $378,102 |
| 3 | Orthopedic Surgeons, Except Pediatric | $373,588 |
| 4 | Neurologists | $360,632 |
| 5 | Surgeons, All Other | $359,314 |
| 6 | Ophthalmologists, Except Pediatric | $331,694 |
| 7 | Psychiatrists | $304,754 |
| 8 | Physicians, Pathologists | $297,582 |
| Source: BLS OEWS May 2024 | ||
About Real Estate Brokers in New York
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