Real Estate Broker salary in Memphis, TN-MS-AR
Real Estate Brokers in the Memphis, TN-MS-AR metro area earn a median of $52,570 a year ($25.27 an hour), based on BLS data for 80 workers.
Pay ranges from $31,740 for the lowest-paid 10% to $109,260 for the top 10%. That is 28% lower than the national median of $73,220. Pay here is 13% lower than the Tennessee statewide median of $60,150. There are 0.13 real estate brokers per 1,000 jobs here — the job is less common than nationally (location quotient 0.44). The average (mean) salary is $61,480, above the median because a few high earners pull it up.
Pay range for real estate brokers in Memphis, TN-MS-AR
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $31,740 | $15.26 |
| 25th percentile | $38,900 | $18.70 |
| Median | $52,570 | $25.27 |
| 75th percentile | $75,530 | $36.31 |
| 90th percentile (top earners) | $109,260 | $52.53 |
| Average (mean) | $61,480 | $29.56 |
Half of real estate brokers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $4,380.83 |
| Semi-monthly (24 a year) | $2,190.42 |
| Biweekly (26 a year) | $2,021.92 |
| Weekly | $1,010.96 |
| Hourly | $25.27 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $52,570 salary, see how much house you can afford in Tennessee at today's mortgage rates, or work out a payment with the mortgage calculator.
Real Estate Broker salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Little Rock-North Little Rock-Conway, AR | $83,680 | 40 |
| Fayetteville-Springdale-Rogers, AR | $65,930 | n/a |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $62,350 | 170 |
| Knoxville, TN | $58,280 | 70 |
| Kingsport-Bristol, TN-VA | $45,250 | 40 |
Highest-paying states for real estate brokers
| State | Median salary |
|---|---|
| New Jersey | $111,390 |
| Connecticut | $105,800 |
| Utah | $92,830 |
| Washington | $82,790 |
| Alabama | $82,630 |
| Michigan | $82,510 |
| Maryland | $81,550 |
| California | $80,450 |
| New Mexico | $80,340 |
| Colorado | $79,970 |
See Real Estate Broker pay in every state or the Tennessee statewide figures.
Related jobs in Memphis, TN-MS-AR
| Job | Median salary | Hourly |
|---|---|---|
| Real Estate Sales Agent | $46,490 | $22.35 |
| Telemarketer | $30,700 | $14.76 |
| Sales and Related Workers, All Other | $39,550 | $19.01 |
| Sales Engineer | $110,940 | $53.34 |
| Retail Salesperson | $32,580 | $15.67 |
| Cashier | $29,160 | $14.02 |
| First-Line Supervisors of Retail Sales Workers | $49,010 | $23.56 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $61,430 | $29.53 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $59,140 | $28.43 |
| Securities, Commodities, and Financial Services Sales Agents | $58,500 | $28.12 |
| Counter and Rental Clerks | $37,430 | $17.99 |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | $96,940 | $46.61 |
| Insurance Sales Agent | $51,570 | $24.79 |
| Parts Salesperson | $38,730 | $18.62 |
More: Sales and Related Occupations · all salaries in Memphis, TN-MS-AR
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 41-9021. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a real estate broker make in Memphis, TN-MS-AR?
The median salary for real estate brokers in the Memphis, TN-MS-AR metro area is $52,570 a year, or $25.27 an hour. Pay ranges from $31,740 for the lowest-paid 10% to $109,260 for the top 10%.
How much do the highest-paid real estate brokers make in Memphis, TN-MS-AR?
The top 10% of real estate brokers in the Memphis, TN-MS-AR metro area earn at least $109,260 a year. The top 25% earn $75,530 or more.
What is the starting pay for real estate brokers in Memphis, TN-MS-AR?
Entry-level pay (the 10th percentile) is about $31,740 a year, and a quarter of real estate brokers earn $38,900 or less.
How many real estate brokers work in Memphis, TN-MS-AR?
About 80 real estate brokers are employed in the Memphis, TN-MS-AR metro area, not counting the self-employed.