Real Estate Brokers Salary in Grand Rapids, MI

BLS Occupational Employment & Wage Statistics • May 2025 • Grand Rapids-Wyoming-Kentwood, MI

Median annual salary $49,030 -32.2% vs national
Median hourly $23.57
10th percentile $31,490
90th percentile $202,940
Employed locally 200
National median $72,280

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Real Estate Brokers
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Grand Rapids, MI
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    Salary percentile breakdown

    10th
    $31,490
    25th
    $31,490
    50th (median)
    $49,030
    75th
    $75,820
    90th
    $202,940

    Grand Rapids economic context

    Unemployment rate 4.00% 2024 annual avg • BLS LAUS
    Median household income $80,296 2023 • Census ACS
    Real Estate Brokers salary vs area income 61% Median Real Estate Brokers salary is 39% below the area median household income

    Top-paying metros for Real Estate Brokers

    Metro areaMedian salary
    Des Moines-West Des Moines, IA $157,100
    Springfield, MA $123,090
    Iowa $116,920
    Massachusetts $112,180
    Boston-Cambridge-Newton, MA-NH $108,910
    Vallejo, CA $106,680

    Nearby metros — Real Estate Brokers salary comparison

    Metro areaMedian salary
    Milwaukee-Waukesha, WI $89,070
    Detroit-Warren-Dearborn, MI $85,600
    Farmington, NM $85,040
    Lansing-East Lansing, MI $82,490
    Miami-Fort Lauderdale-West Palm Beach, FL $81,950
    South Bend-Mishawaka, IN-MI $70,800

    Related occupations in Grand Rapids, MI

    OccupationMedian salary
    Retail Salespersons $32,050
    Cashiers $29,360
    Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products $69,410
    Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel $64,010
    First-Line Supervisors of Retail Sales Workers $46,290
    Insurance Sales Agents $59,430

    Frequently asked questions

    How much do Real Estate Brokers make per hour in Grand Rapids?

    The median hourly wage for Real Estate Brokers in Grand Rapids, MI is $23.57, based on BLS OEWS 2025 data. Top earners (90th percentile) make $105.62 or more per hour.

    Is Grand Rapids above or below average for Real Estate Brokers salaries?

    The median Real Estate Brokers salary in Grand Rapids, MI is 32.2% below the national median of $72,280. The national figure is from BLS OEWS 2025 data covering all US metropolitan areas.

    What is the entry-level salary for Real Estate Brokers in Grand Rapids?

    Entry-level Real Estate Brokers (10th percentile) earn around $31,490 per year in Grand Rapids, MI. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $31,490.