Real Estate Brokers Salary in Memphis, TN-MS-AR

BLS Occupational Employment & Wage Statistics • May 2025 • Memphis, TN-MS-AR

Median annual salary $63,430 -12.2% vs national
Median hourly $30.49
10th percentile $28,110
90th percentile $100,160
Employed locally 100
National median $72,280

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Type a city below to see how Memphis, TN-MS-AR stacks up on salary and cost of living.

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Real Estate Brokers
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Memphis, TN-MS-AR
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    Salary percentile breakdown

    10th
    $28,110
    25th
    $49,510
    50th (median)
    $63,430
    75th
    $72,990
    90th
    $100,160

    Memphis economic context

    Unemployment rate 4.10% 2024 annual avg • BLS LAUS
    Median household income $64,743 2023 • Census ACS
    Real Estate Brokers salary vs area income 98% Median Real Estate Brokers salary is 2% 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
    Nashville-Davidson--Murfreesboro--Franklin, TN $77,030
    Chattanooga, TN-GA $76,100
    Knoxville, TN $71,790
    Kingsport-Bristol, TN-VA $45,250

    Related occupations in Memphis, TN-MS-AR

    OccupationMedian salary
    Retail Salespersons$30,200
    Cashiers$27,750
    First-Line Supervisors of Retail Sales Workers$45,550
    Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products$58,890
    Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel$54,930
    Securities, Commodities, and Financial Services Sales Agents$58,200

    Frequently asked questions

    How much do Real Estate Brokers make per hour in Memphis?

    The median hourly wage for Real Estate Brokers in Memphis, TN-MS-AR is $30.49, based on BLS OEWS 2025 data. Top earners (90th percentile) make $52.53 or more per hour.

    Is Memphis above or below average for Real Estate Brokers salaries?

    The median Real Estate Brokers salary in Memphis, TN-MS-AR is 12.2% 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 Memphis?

    Entry-level Real Estate Brokers (10th percentile) earn around $28,110 per year in Memphis, TN-MS-AR. The 25th percentile — typically workers with 1–3 years of experience — earn approximately $49,510.