Real Estate Broker salary in Minnesota
Real Estate Brokers in Minnesota earn a median of $39,850 a year ($19.16 an hour), based on BLS data for this job.
Pay ranges from $36,190 for the lowest-paid 10% to $146,130 for the top 10%. That is 46% lower than the national median of $73,220. Minnesota ranks 36th of 36 states for real estate brokers pay. The average (mean) salary is $69,350, above the median because a few high earners pull it up.
Pay range for real estate brokers in Minnesota
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $36,190 | $17.40 |
| 25th percentile | $39,660 | $19.07 |
| Median | $39,850 | $19.16 |
| 75th percentile | $92,770 | $44.60 |
| 90th percentile (top earners) | $146,130 | $70.26 |
| Average (mean) | $69,350 | $33.34 |
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 | $3,320.83 |
| Semi-monthly (24 a year) | $1,660.42 |
| Biweekly (26 a year) | $1,532.69 |
| Weekly | $766.35 |
| Hourly | $19.16 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $39,850 salary, see how much house you can afford in Minnesota at today's mortgage rates, or work out a payment with the mortgage calculator.
Real Estate Broker salary in cities in Minnesota
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $61,890 | n/a |
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 |
Related jobs in Minnesota
| Job | Median salary | Hourly |
|---|---|---|
| Real Estate Sales Agent | $46,410 | $22.31 |
| Demonstrators and Product Promoters | $34,180 | $16.43 |
| Sales Engineer | $100,570 | $48.35 |
| Sales and Related Workers, All Other | $38,350 | $18.44 |
| Telemarketer | $39,850 | $19.16 |
| Retail Salesperson | $36,370 | $17.49 |
| Cashier | $34,620 | $16.65 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | $76,750 | $36.90 |
| First-Line Supervisors of Retail Sales Workers | $48,770 | $23.45 |
| Sales Representatives of Services, Except Advertising, Insurance, Financial Services, and Travel | $75,370 | $36.24 |
| Insurance Sales Agent | $78,640 | $37.81 |
| Securities, Commodities, and Financial Services Sales Agents | $83,350 | $40.07 |
| Parts Salesperson | $47,030 | $22.61 |
| Sales Representatives, Wholesale and Manufacturing, Technical and Scientific Products | $103,000 | $49.52 |
More: Sales and Related Occupations · all salaries in Minnesota
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 Minnesota?
The median salary for real estate brokers in Minnesota is $39,850 a year, or $19.16 an hour. Pay ranges from $36,190 for the lowest-paid 10% to $146,130 for the top 10%.
How much do the highest-paid real estate brokers make in Minnesota?
The top 10% of real estate brokers in Minnesota earn at least $146,130 a year. The top 25% earn $92,770 or more.
What is the starting pay for real estate brokers in Minnesota?
Entry-level pay (the 10th percentile) is about $36,190 a year, and a quarter of real estate brokers earn $39,660 or less.